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Centenary BankReaching out to Business Communities in Masaka Through the Financial Literacy Program 4th December 2012The Financial Literacy Series began in 2011 when Centenary Bank in partnership with Private Sector Foundation Uganda (PSFU) engaged in training business enterprises in five districts in Uganda namely; Lira, Arua, Mbale, Mbarara and Kampala with at total of 1,237 business entrepreneurs trained. In 2012, the partnership grew; Agribusiness Initiative Trust (aBi Trust) joined the team and a total of 10 districts have benefited from the training for Phase II. The trainings are part of Centenary Bank`s Corporate Social Responsibility Program.

From 4th -5th December 2012 the Financial Literacy Training is taking place in Masaka at Maria Flo Hotel with an attendance of over 220 participants.

Participants of the Financial Literacy Training Program - Masaka 4th - 5th December 2012

He noted that the training was relevant for all business ventures, i.e. trading, farming and others. He also encouraged farmers to be dynamic in attending such trainings because it would motivate them to engage in commercial farming which is the future of the agricultural sector in Uganda.

He expressed his gratitude to Centenary Bank and Private Sector Foundation Uganda for bringing the Financial Literacy Training Program to Masaka and noted that the training would improve the lives of all the participants and contribute to the economic development of the district in the long run.

Remarks from Mr. Kalungi Joseph, The Chairman LC5 - Masaka District

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For more Information please contact:Esther N Sekindi

Private Sector Foundation UgandaPlot 43, Nakasero Road -P. O. Box 7683, Kampala.

Tel: 0312 263 849, 0312 263 850, Fax: +256-312 266 440 Mob: +256-782 886 342Website: www.psfuganda.org

Participants’ Comments on the training

Name : Najjemba Birungi, Age : 32 yearsBusiness : Farmer- breeds chickenVillage : KyabakuzaMob : 0759478081

“The training is very good and it will help me improve my chicken rearing business. In the past I have not been saving for my son’s school fees; and when he is dismissed for fees I usually get all the money I have in the business without considering whether it is profit or capital. From today I will improve my saving skills.”

Name : Mangeni WosulaAge : 60 yearsBusiness : FarmerVillage : Kimanya – KyabakuuzaMob : 0752638303

“This training has been very beneficial to me as a person; I have been doing my business alone without involving my children and family and I have been overwhelmed with the work most of the time. After this training I have realized that even at my age I can involve my family so that in my absence the business can still continue, I have also learnt that saving is very important for business growth”.

Name : Mr. Mugera JohnAge : 58Business : Works with MADFA

(Masaka District Farmers Association)

“The training has helped me to learn how to invest for my retirement; I will also review my business practices and improve on my record keeping skills”.

Name : Juuko William AmosAge : 38Business : Head TeacherVillage : Nyendo Masaka, Mob: 0772318579

“I own a school and I had never thought that including my family in my business is very vital, I have learnt a lot and I think involving my family will also help me do better succession planning. ”