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Finance Trust Bank launches UGX23 billion GROW fund for women in business, agriculture and trade

Ms Annet Nakawunde, the Managing Director of Finance Trust Bank speaks to women during a financial literacy training program at UMA Multi-purpose hall in Kampala. 

Finance Trust Bank has launched a UGX 23 billion kitty in GROW loans to over 3000 women during a financial literacy training program at UMA Multi-purpose hall in Kampala.   Ms Annet Nakawunde, the Managing Director of Finance Trust Bank said the UGX 23 billion is an open fund targeting women across the country  with the need of financing between UGX 4 million to UGX 200 million.  The GROW loan product designed to support women in business, agriculture, and trade at 10.5 percent.  The loans have been clustered into three segments including; Women in Business Loan designed for a category of…

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About the Author

Paul Murungi is a Ugandan Business Journalist with extensive financial journalism training from institutions in South Africa, London (UK), Ghana, Tanzania, and Uganda. His coverage focuses on groundbreaking stories across the East African region with a focus on ICT, Energy, Oil and Gas, Mining, Companies, Capital and Financial markets, and the General Economy.

His body of work has contributed to policy change in private and public companies.

Paul has so far won five continental awards at the Sanlam Group Awards for Excellence in Financial Journalism in Johannesburg, South Africa, and several Uganda national journalism awards for his articles on business and technology at the ACME Awards.

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