Extend a Life Initiative: One is Safe: All Safe
Financial Literacy Training for 80 Child Mothers
Summary:
Following a successful economic needs assessment in Nakedde, Kitayita, Bembe, and Kanziro parishes of Namayumba Sub County, Wakiso district, we identified bar soap making, book making, tailoring, and bakery as the preferred income-generating skills for the beneficiaries. In Bembe parish, fashion & tailoring and soap making were chosen. We prepared the beneficiaries with comprehensive financial literacy training to equip them with essential financial knowledge and entrepreneurial skills. The training took place on Tuesday, 29th August 2023 at Bembe Church of Uganda Primary School premises, targeting 20 child mothers and young women at risk.
Objectives:
- Mobilize at least 20 child mothers and young women at risk for financial training in Bembe parish by the end of 29th August 2023.
- Orient and induct the soap making and book making groups about the advantages of registering and saving with the Savings and Credit Co-operatives Organizations (SACCOs).
- Formulate 2 saving groups and register them with the Savings and Credit Co-operatives Organization by the end of 29th August 2023.
- Instill financial discipline and savings habits among 20 child mothers and young mothers at risk in Bembe parish.
Key Achievements:
- 22 out of 20 targeted beneficiaries attended the training (110% turnout).
- All participants were child mothers and young women at risk.
- All participants embraced the concept of saving with SACCOs.
- 100% of participants prioritized saving before spending.
- Two saving groups were created and successfully registered.
- Beneficiaries were sensitized about potential markets for their products.
Lessons and Recommendations:
- Learner-centered approaches enhance the effectiveness of financial literacy training.
- Consistent engagement with beneficiaries leads to more efficient mobilization.
- Higher retention of initial project members leads to better knowledge application and impact.
As we close
Project statistics:
* Total Beneficiaries: 22
* Child Mothers and Young Women at Risk: 100%
*Saving Groups Formed: 2
* Bembe Tailoring Group: 12 members
* Bembe Soap Makers Group: 10 members
* Savings Groups Registered: 100%
* Beneficiaries Actively Involved in Group Saving Scheme: 7
* Child Mothers and Young Women at Risk: 100%
*Saving Groups Formed: 2
* Bembe Tailoring Group: 12 members
* Bembe Soap Makers Group: 10 members
* Savings Groups Registered: 100%
* Beneficiaries Actively Involved in Group Saving Scheme: 7
22 Child Mothers Supported
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