Leaders of Micro- finance Institutions under Uganda’s Tier 4 financial sector have been asked to design financial products that promote human social inclusion.
David Kaweesi the Investment manager Financial Services development at Agricultural Business Initiative (aBi) says that financial institutions in their products on the market should be inclusive of women, youth, People with Living with Disabilities (PWDs), refugees among others.
Kaweesi says that this should be moved from institutional level to individual level so that one’s daily operations are aimed at promoting environment and social inclusion in regards to the Environment, Social, and Governance (ESG) business model.
Kaweesi said this today at the ongoing three day training workshop of top leaders of tier 4 microfinance institutions from Ankole and Kigezi Sub regions in Mbarara city organised by Agricultural Business Initiative (aBi) in partnership with The Uganda Institute of Banking and Financial Services (UIBFS).
BYTE………………..KAWEESI LUG/ENG
The adoption of ESG is part of a broader Green Financing Agenda aimed at promoting responsible, inclusive, and environmentally conscious economic development.
Paul Mugerwa, the Financial Economist & Consultant at Uganda Institute of Banking and Financial services called upon these financial institutions to always first train loan applicants to empower them with financial literacy to boost their capacity on loan repayment.
BYTE…………………..MUGERWA