In order to enhance their earning capacity and thereby move up into more profitable and sustainable business, Kanyogoga Project has been training the household heads in various business practices. These include:
- a) Financial Management Training
Finance Trust Bank is a fully registered bank regulated by the central Bank of Uganda. It is a bank that grew out of a women’s saving and credit co-operative. As such it is a bank that understands the unique needs of small and micro business; and is sensitive to the social dynamics of this group of people.
Touch lives Ministry has partnered with Finance Trust Bank to provide it’s beneficiaries with:
- i) Financial management skills. These training sessions take place two to three times a year and include: how to open a bank account, how to save, how to access and manage loans, and basic book keeping for small businesses among others.
- ii) Young Savers. Finance Trust Bank also teaches both parents and their children on how to start saving early; and encourages the parents to purchase “piggy banks” available from the bank where children can deposit their savings.
- b) Touch Lives Ministries has also encouraged the project beneficiaries to form a savings and credit co-operative (SACCO). This they have done and have an account with Finance Trust Bank where their group savings are deposited.