Pride Microfinance to support over 1,000 youth to gain traction in the market

In a bid to reduce financial exclusion among Ugandan youths, Pride Microfinance with support from the European Investment  Bank (EIB), has launched the youth inclusion programme that will skill up to 1,000 youths to create profitable business ventures.

The Managing Director Pride Microfinance, Veronica Gladys Namagembe, said the programme will benefit youths, their communities as successful businesses from the programme will create jobs, increase demand for the raw materials  as well as bring a diverse range of new products and services to the market.

“This programme will benefit over a thousand youths in different parts of the country and also provide diverse knowledge about business ventures,” Namagembe said.

Namagembe urged the youth to continuously embrace technology in their business ventures and to be passionate about their businesses in all the things they pursue.

“The world is going digital and all operations and business ventures you do should embrace technology,” Namagembe said.

The chairman board of directors of the bank, Fred Jachan Omach, urged the youth to embrace the programme and take full advantage of the opportunity by attending all classes and striving to implement them in their business venture.

The programme has been supported by European Investment Bank as the fund Partners.

Commenting on the Partnership with Pride, the Microfinance Impact Investment Officer at EIB Hassah Seidek said that EIB is proud to have Pride Microfinance as a strong and Committed Partner in Uganda.

Benefits

1. Entrepreneurship training

2. Mentorship

3. Start-up capital of up to UGX5 million

Eligibility

1. 18-30 years

2. Ugandan

3. Must have a viable business plan or have a business that has existed for at least six months

4. Two guarantors

5. Two passport photos

6. LC Recommendation Letter

How to Apply

Download Application Forms on https://www.pridemicrofinance.co.ug/youth-inclusion-applications/. Send in your application to yip@pridemicrofinance.co.ug or visit any branch of Pride Microfinance and fill the applications forms.

SK OMUZINNYI