By Sharon Basilika
Kayunga District Woman Member of Parliament Harriet Nakwedde is supporting women and young people to start and expand small businesses through vocational training, business supplies and financial literacy programmes.
Under the initiative, beneficiaries have received sugar, cooking oil, rice, aprons and other items to help them set up or expand food vending businesses, including chips stalls.
The support targets women and young people who want to venture into business but lack the capital and basic supplies to get started.
Nakwedde is also encouraging small-scale traders to acquire practical skills and learn how to manage their finances.
Beneficiaries are being advised to separate business capital from personal expenditure, keep track of their daily earnings, save regularly and reinvest part of their profits.
The programme addresses two common challenges facing small businesses: limited start-up capital and poor financial management.
Through vocational training and financial literacy, Nakwedde hopes to help beneficiaries keep their businesses running, increase their earnings and support their families.
The initiative also encourages saving among women and young entrepreneurs as they work to expand their businesses.
