Initiative for Youth Empowerment and Transformation (IYET)
  • Lukka Mayanja Stretch(Off Ggaba RD., Opp Wavzend)
  • +256-39-3263629
  • Mon-Sat:  8:00am-5:30pm   Sun:  Closed

Recommendations

Recommendations

Key recommendations from the group included:

  1. Value chain financing that improves quality and efficiency in financing agricultural chains by identifying the financing needed to strengthen the chain; tailoring financial products to suit the needs of the participants in the chain; reducing financial transaction costs through the direct discounting of loan; payments at the time of product sale; and using value chain linkages and knowledge of the chain to mitigate risks to the chain and its partner.
  2. The Village Saving and Loan Associations (VSLAs) should be linked to the banks to have more access to financial services. A few banks with these products like Barclays Bank, Post Bank, Bank of Arica have these products but more banks need to be encouraged to take up this system.
  3. Strengthen savings and credit cooperative societies (SACCOs). Participants were informed that government is working hard with the Uganda Cooperative Alliance to ensure that the SACCOs are strengthened.
  4. Use of technology to aid saving e.g. mobile banking system
  5. Financial literacy is urgently needed so that the youth in agriculture can easily take advantage of the government subsidies, benefits etc. The financial literacy will also lead to behavior change.
  6. Multi-sectoral approaches so that interventions in health and HIV are integrated into youth agricultural interventions.

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