Who Won the U.S. Presidential Debate?

The Rukungiri Producer Cooperative Union chairman Sam Akankwasa has told the Microfinance Support Centre that it is better to give people seed capital in form of seedlings or animals, among others, instead of money.

Speaking during the launch of a partnership between Microfinance Support Centre and Hoima Catholic Diocese at which the two unveiled the St Theresa Demonstration Farm, a piggery project in Kasunga Village, Mugarama Sub-county in Kibaale District, Mr Akankwasa said giving seedlings rather than money is a better approach since money is easily diverted into other things.

“Sometimes people are given money and diverted into unproductive ventures or invested in things that don’t bring money. But with seedlings or animals the business is hard to play around with,” he said, noting that as Rukungiri Producer Co-operative Union, they are using the same approach through which members are given animals such as piglets that have multiplied into a large stock.

The partnership between Microfinance Support Centre and Hoima Catholic Diocese will provide people with practical knowledge on piggery farming under Emyooga projects as a way of fighting poverty.

Mr Tadeo Atuhura, the Microfinance Support Centre head of communications, said at the launch they will leverage the Church’s reach to train people about wealth creation, after which they will be given seedlings and animals to create wealth.

• Read More