Gender imbalances in accessing credit hurting women: DFCU

Gender imbalances in accessing credit hurting women: DFCU
Eazzy Banking

Uganda’s third biggest bank, dfcu says the gender imbalances in accessing credit continue to be of major concern to women.

This was revealed by dfcu Bank’s Head of Consumer Banking, Denis Kibukamusoke in his speech as part of the celebrations to mark the women’s month of March with over 400 women entrepreneurs set to benefit from financial literacy training courtesy of the Women in Business program (dfcu WiB) Program with sessions held in Kampala, Mbale, Gulu and Mbarara.

Mr. Kibukamusoke said, “The majority of women tend to have low financial literacy levels and therefore have challenges documenting their business, articulating their plans and projections, which are key in assessing bank credit. Since inception of the Women in Business program over 4,000 women have benefited from the dfcu WiB loans but this number could be a lot better.”

“For dfcu Bank, helping women to overcome financial barriers while supporting them in their quest for growth is not just a business proposition; it is in fact an obligation,” he added while speaking during the first session at the Biraj Hotel in Nakasero down town Kampala.

dfcu Bank is currently collaborating with Makerere University Business School (MUBS), Uganda Law Society (ULS) and the Institute of Certified Public Accountants of Uganda (ICPAU) to offer business and financial advisory services to thousands of women, especially those engaged in productive economic activity at no cost.

Victoria Byenkya – Manager dfcu Women in Business talking to some of the women that attended the session in Kampala. 

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