Hundreds of small-scale and micro-business owners convened in Iganga on Friday for an impactful financial literacy and business growth workshop under Equity Bank’s flagship initiative, Abakyala ku Ntiiko.
Launched in March 2024 for the second edition, the program is dedicated to equipping women entrepreneurs with essential financial management skills, including accounting, record-keeping, and enhanced access to financing opportunities. By fostering financial independence, the initiative is paving the way for sustainable business growth among women-led enterprises.
Ruth Nakaima, Deputy Speaker of Iganga Municipality, commended Equity Bank for spearheading this transformative initiative.
“Equity Bank’s support has been life-changing for many women, providing them with critical skills, boosting their financial literacy, and instilling confidence. With continued efforts, we can empower even more women to step beyond their comfort zones and achieve financial success,” she noted.
Ronald Nakhasanga, Equity Bank’s Regional Manager, emphasized the bank’s commitment to supporting women entrepreneurs through tailored financial solutions, including Equi Mama business loans, school fees loans, youth loans, and SACCO loans. “Our purpose is making a real impact—we are restoring dignity and enabling wealth creation. Women are the backbone of this nation, and through financial literacy and specialized products, we are empowering them to take charge of their economic future,” Nakhasanga stated.
Barbara Namata, Relationship Supervisor – Group Lending at Equity Bank, highlighted key microfinance products designed to support business growth. “Our Micro Loan is accessible to individuals aged 18 and above, while our Asset Financing covers up to 70% of land acquisition, vehicle purchases, and business assets with an initial 30% payment. Additionally, our Agri-Micro Credit Facility caters to small-scale farmers,” she explained.
She further elaborated on youth-focused and women-centric financial products. “For young entrepreneurs, the Youth Loan facilitates group-based financing, ideal for boda boda purchases, while the Youth SME Loan provides up to Shs40 million for established businesses.
Women aged 36 and above in registered groups can access the Equi Mama facility, which requires no collateral. Additionally, our SACCO Loan supports group expansion, and the EquiGreen facility promotes eco-friendly business initiatives.”
The workshop was not only an opportunity for learning but also a platform for real-life success stories. Several women shared how financial literacy and banking solutions have enabled them to scale their businesses. Some transitioned from informal operations to structured enterprises using business loans to expand their inventory, while others embraced digital banking, streamlining transactions and fostering savings for future investments.
Beyond financial empowerment, the event provided valuable networking opportunities, allowing participants to exchange insights, explore collaborations, and build stronger business connections.
The Abakyala ku Ntiiko initiative will continue its regional outreach, with upcoming workshops scheduled for Lira in Northern Uganda on March 25th and Kiboga in the Central region on March 28th. As the program expands, it aims to equip even more women with the tools needed to drive economic progress and financial independence.
