BY K F MALE
In a bid to empower women vendors in Kalerwe Market, MTN Uganda and Ericson Uganda have joined forces to promote digital financial inclusion. This initiative aims to break down barriers for women in accessing financial services and propel their businesses forward in the digital age.
Sarah Namubiru Nalongo, chairperson of Namusisi Market in Kalerwe, emphasized the challenges women face in accessing loans due to lengthy processes in banks. Instant transactions and cash exchanges are crucial for vendors dealing with both farmers and customers, and digital solutions offer a viable alternative to traditional banking.
Aisha Nabatanzi, a vendor, expressed gratitude for the digital empowerment initiative, highlighting the opportunity to save money using mobile platforms. Aidah Nabunya, another vendor, noted the efficiency of MoMo Payments in expediting transactions with customers and service providers.
MTN’s Chief Executive Officer, Sylvia Mulinge, underscored the company’s commitment to celebrating Women’s Day by fostering digital inclusion through mobile money payments. Sumaya Kyewalyanga, manager of MTN mobile money payments, outlined plans to incentivize women to adopt cashless transactions, with cash awards for MoMo payments users.
Kalerwe Market, a hub of economic activity in Kawempe division, is predominantly populated by women vendors selling a variety of goods, from fruits and vegetables to makeshift eateries and soft drinks. Through initiatives like these, women in Kalerwe Market are poised to thrive in the digital economy, driving economic growth and empowerment in their communities.