In a move meant to enhance the use of funds, the third Northern Uganda Social Action Fund (Nusaf III) has set out to train about 40,000 beneficiaries in enterprise management over the next five years.
Nusaf was created to facilitate the reconstruction of northern and eastern Uganda after years of war ravaged the areas and led to the breakdown of several infrastructures and livelihoods.
Whereas the first two phases of the project focused on revamping of schools, roads and health facilities, Nusaf III, a five-year project worth $130m (Shs 460m), targets to impart skills in a bid to transform the financial livelihoods of beneficiaries in line with government’s efforts to have a middle-class economy by 2020.
So, the first round of the training ended on April 6 at Gulu High School in which more than 1,300 participants gained skills in accounting, bookkeeping and business management.
Enterprise Uganda conducted the training for the beneficiaries from Acholi sub-region. Charles Ocici, the Enterprise Uganda executive director, noted that Nusaf III has started with the transformation of people’s mindset and attitude.
“Success or failure in entrepreneurship depends on attitude; government has given the locals resources but in most cases they have abused it. Many didn’t know the purposes to which the money was sent, we are here to give them an insight and change their attitudes that from the small amount of money, they can make great investments,” he said.
Meanwhile, Alfred Odera Obol, the Nusaf III operation specialist, expressed satisfaction that beneficiaries will be able to sustain themselves in life after attaining business and accounting skills.
“This project will improve access to income-earning opportunities for the poor households by boosting household income generation, building resilience and fostering long-term sustainability of the project’s output,” he said.
Under Nusaf III, beneficiaries will be placed in groups, which in turn will access funding for affordable capital to fuel business expansion. Meanwhile, members will have to save at least 30 per cent of their income in the group to create a revolving fund.