ASA Social Fund for Hidden Peoples
ASA supports micro loans in Entebbe and Barlonyo and throughout Uganda to survivors of gender violence. It started 3 years ago with three recipients with small loans distributed amounting to about $50 each.
The recipients paid back the loans after three months with 12% simple interest. Normal interest rates in Uganda are 32% compound interest. After paying back their loans, recipients were able to apply for additional loans.
Currently there are close to 30 recipients and growing. Many have small businesses selling dry goods, vegetables and fruits, food, charcoal, hardware, and second hand clothing. Some are involved in the selling of chickens and goats. There are some who have restaurants as well. Others are involved in tailoring clothes and making crafts.