Pride Microfinance, a deposit-taking institution in Uganda, recently partnered with the UN Capital Development Fund (UNCDF) to fund a program called Tondeka, which can be translated as, “Don’t leave me behind.” Pride is accessing the local-currency equivalent of USD 290,000 to provide loans, guarantees, training and incubator services to micro- and small enterprises in the cities of Arua and Gulu. The goal is to reach 700 people who fall into one or more of the following categories: women, youth, forcibly displaced persons (FDPs) and members of communities that are hosting FDPs. Pride has 44 service locations and reports total assets of USD 110 million.
Author: Yuchen Jin
