Women in rural Lwengo save up to $426,000 through School Community Banks (SCOBAs)

In the rural villages of Lwengo District in Uganda, we are observing a quiet revolution is taking place, empowering women, opening up economic opportunities, and paving the way out of poverty for many. This revolution has a name: Kisoboka Africa’s School Community Banks. As a nonprofit, we have been working tirelessly to promote financial inclusion in underserved communities across Uganda. …

How Financial Inclusion Reduces Poverty and Income Inequality in Rural Communities of Africa

By Kisoboka Africa For vulnerable groups struggling with poverty and income inequality in rural Lwengo, Uganda, financial inclusion can be a crucial bridge to a brighter future. By offering individuals and families support and tools to save their hard-earned money, they can build resilience and savings to prepare for shocks or invest in their income-generating activities. Financial inclusion equips these …