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Opportunity International UK Youth Enterprise Challenge
PROJECT DESCRIPTION

In 2019, Opportunity launched its Youth Strategy, at the heart of which is a pilot based in Uganda. We have partnered with local NGOs and Financial Institutions to develop and test a package of innovative savings and credit products, financial literacy and agricultural training as well as entrepreneurship training. From Jan 2020 to April 2022, we aim to link young people to the formal financial services and give them skills needed to kickstart more profitable livelihoods and a brighter future.

Beneficiaries

  • Children / Young People

    The project will benefit young people (of an average age of 24) from the Mityana District in Uganda.

  • Number of beneficiaries - 6000

    The project also benefits women and people with disabilities

Geographic reach

  • Uganda
BENEFICIARIES REACHED ANNUALLY

1440

This figure will be scaled up to 4560 in the second year.

SIZE OF PROJECT PER ANNUM

£190,000.00

TIMELINE

Jan 2020 - May 2022

Project Outcome Targets

Provide financial access to rural youth and test/develop targeted loans and savings products.

Build the capacity of Opportunity Bank Uganda Ltd to onboard rural youth clients.

Improve the economic situation of/increase income for rural youth.

Project Activities

  • Develop and test new banking products for young people who are currently financially excluded.

  • Deliver financial literacy training that will be adapted to the needs of young rural people.

  • Train young people in business management and entrepreneurship that they can then put into practice.

  • Train the the youth (most of which are working in agriculture) in Good Agricultural Practices.

Project Impact and Partners
IMPACT REPORTING

Bi-annually

March 2021

SUSTAINABLE DEVELOPMENT GOALS
UN SDG 1: No Poverty UN SDG 4: Quality Education UN SDG 8: Decent Work and Economic Growth UN SDG 9: Industry, Innovation and Infrastructure UN SDG 12: Responsible Consumption and Production UN SDG 17: Partnerships to achieve the Goal
How we monitor the quality and results of our work

Quantitative/qualitative research will be used to measure progress against the project's logframe.

WHO IS ALREADY FUNDING THE PROJECT?

Swiss Capacity Building Foundation

SCBF have kindly donated funds to support the product development and testing.
OTHER PARTNERS

Opportunity Bank Uganda Limited

A dedicated member of staff, known as the Youth Champion manages this project on behalf of OBUL.

Teach a Man to Fish (TAMTF)

TAMTF will train facilitators to build skills in entrepreneurship and business management.

Hanns R. Neumann Stiftung (HRNS)

Our partnership with HRNS gives us easy reach to young people in Mityana, Uganda.