Microfinance and Disability
Disability Inclusion
This is a programme which is being implemented to create equal opportunities for People With Disabilities (PWDs) to access financial services. AMFIU partnered with National Union of Disabled persons of Uganda, NUDIPU, and NAD the funding partner, to promote equalization of opportunities for persons with disabilities to access financial services. The program rebranded into the i-SAVE economic empowerment program that is taking a more integrated approach through strategies of; promotion of access to formal financial services, entrepreneurship skills development as well assess to informal financial services, the we Can manage project of VSLA.The iSAVE program works with local communities to encourage the establishment of village savings and credit groups. The groups are self-selected and managed by persons with disabilities, but also include non-disabled members such as caretakers of persons with disabilities and other people in the community. These groups are then engaged in extensive training on how to develop and maintain a savings and credit group that is member-owned and self-managed. Being village-based, it has no external liabilities, and all profit from interest is kept within the group. When the group reaches a certain level of maturity the members are linked to formal financial services (i.e. licensed microfinance institutions – MFIs).
A number of activities have been implemented and these include sensetisation of MFIs to be sensitive to the financial needs of the PWDs and therefore tap their market potential. The PWDs are also sensitised to be economically active and therefore be able to access financial services. This have seen a big progress in Inclusion of persons with disabilities in financial services. More institutions have come up to commit to work with the Programme so that they are technically supported to make their services disability Inclusive. MOUs have been signed with a number of MFIs as a sign of commitment to the cause.
About 25,000 persons with disabilities benefit from our isave economic empowerment programme
Today, we are grateful to share about our economic empowerment program which has become a game-changer to persons with disabilities, providing access to financial services and opportunities for economic inclusion.
We are proud to report that about 25,000 persons with disabilities have benefited from the program, with many experiencing improved financial stability and independence.
The program has successfully bridged the financial inclusion gap for persons with disabilities, providing them with access to financial services, including savings accounts and loans. This has enabled them to participate fully in the economy and make informed financial decisions.
Today in the targeted districts where we have a footprint,Persons with disabilities have gained knowledge and skills needed to manage their finances effectively.
Together with other partners like Association of Micro Finance Institutions of Uganda (AMFIU) and Opportunity Bank, we extended financial services that are tailored to the needs of persons with disabilities.
We are committed to continuing and expanding the program to reach more persons with disabilities. We believe that economic empowerment is key to promoting independence, dignity, and equal opportunities for all.