Women get own biggest bank ever

 

Many women in Uganda and across Africa do not have a lot of money to get rich, buy a house, buy a car, or even send their children to good schools.

But saving little by little can buy them their dream houses or take them to their desired destinations.

This applies to single mothers who have small businesses. Now there is a new bank called SMOCSA. The bank gives small loans to women undertaking Small Scale Business Projects.

SMOCSA gives some little amounts of money to unemployed women especially mothers and trains them on the kind of businesses they can do and how to start saving little until, they have saved enough for the purchase of something they have always desired.

We are told that SMOCSA at least every month every mother contributes an agreed upon amount of money and all collections are given to one mother in a group of 8 or more until the circle is finished.

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