KAMPALA – A number of people across the country have been complaining about the delay and bureaucracy attached to accessing the Emyooga money.
On Wednesday during a meeting with Mr Godfrey Mangeni, the manager Institutional development at the Microfinance Support Centre (MSC) took the people of Kamwokya through how the Emyooga money will be distributed to them.
The meeting that took place at Kitante Primary school had about 100 members from different groups that are in Kamwokya and the surrounding areas.
Mr Mangeni assured the groups that ever since the Emyooga was introduced by President Museveni and mobilized by Minister of Microfinance Hon Haruna Kasolo, the money has been ready and has already been distributed to the organized groups, the others will receive when they show that they are organized.
He told them about the fact that MSC has the mandate to facilitate credit and build capacity of microfinance institutions, groups, small medium enterprises, SACCOs, cooperative unions to enable them to operate using sound practices.
He said at the moment, MSC is managing a very important program, the presidential initiative on wealth and job creation, popularly known as emyooga.
“Under Emyooga, the government has provided funds as seed capital to 18 categories of SACCOs that are registered at both constituency level for upcountry districts, sub county level for Wakiso and Kampala district at Parish level. I am very happy to be talking to our people from Kamwokya, I have been enlightening them about the possibilities of them accessing the Emyooga money but also telling them about other services that MSC offers,” he said.
He added that he was telling them that they can access loans from MCS at affordable rates through their groups. He explained to them how they can access the money that is available for them and already members of the different categories are receiving money even in Kamyokya
Peter Mawanda, a resident in Kamwokya, who has been registering people for the Emyooga in the area says the people in Kamwokya have not been attending workshops, something that has hampered their access to the Emyooga funds.
He shared that with the workshop, they have been taught how to come together and they are going to go back and organize themselves so that they can be eligible to access these funds.
“Most people in Kamyokya applied to get the Emyooga funds but the biggest number did improper documentation. They wanted to use their SACCOs to get the money yet this is a new arrangement. If they do the proper documentation, I am sure the Emyooga money is available.”
Emyooga which is a Presidential initiative on Wealth and job creation was launched by President Museveni in 2019 with a budget of Ugx 200 billion set aside to be distributed to groups like Traders, SACCOS, Youth Leaders, Journalists, Boda Boda Associations and Teachers among others.
The Microfinance support center has for long urged Ugandans who had been denied emyooga funds to rectify whatever inconsistencies and irregularities needed for them to access money.