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PostBank completes disbursement of UGX 6 billion GROW Loan as first tranche to 353 women entrepreneurs

Paul MurungiOctober 3, 2024October 3, 2024
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More Ugandan business women are expected to benefit from GROW Loan being disbursed by PostBank.

PostBank Uganda driven by its purpose of Fostering Prosperity for Ugandans has completed UGX 6 billion disbursement of the first tranche of the GROW loan to 353 women entrepreneurs, a project funded by the World Bank and implemented by the Ministry of Gender, Labour and Social Development in partnership with Private Sector Foundation Uganda (PSFU).  GROW Loan is a government-backed initiative aimed at fostering entrepreneurship among women by providing affordable loans and business development support, focusing on boosting financial inclusion and promoting economic growth in Uganda. The GROW project aims to support women in transitioning from micro and small to…

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Tagged: Financial Inclusion Fostering Prosperity for Ugandans funds GROW Ibrahim Kato National Development Plan PostBank PSFU Smart Woman Account World Bank
About the Author

Paul Murungi

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.

  • @https://x.com/paulmurungiug
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