{"id":1326,"date":"2024-08-15T09:42:39","date_gmt":"2024-08-15T09:42:39","guid":{"rendered":"http:\/\/localhost:8012\/abifinance\/?p=1326"},"modified":"2024-08-15T09:48:07","modified_gmt":"2024-08-15T09:48:07","slug":"access-to-affordable-credit-stirring-and-spurring-businesses-to-success-in-westnile","status":"publish","type":"post","link":"https:\/\/abi.co.ug\/finance\/access-to-affordable-credit-stirring-and-spurring-businesses-to-success-in-westnile\/","title":{"rendered":"Access to affordable credit stirring and spurring businesses to success in WestNile"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"1326\" class=\"elementor elementor-1326\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2bdd441 e-flex e-con-boxed e-con e-parent\" data-id=\"2bdd441\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e3ebbb0 elementor-widget elementor-widget-text-editor\" data-id=\"e3ebbb0\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.22.0 - 26-06-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>His rise to financial independence started in April 2021 when he was introduced to Nile Microfinance Ltd agriculture value chain loans at a monthly interest rate of 2.5% &#8211; which is several times cheaper than the average Ugandan moneylender in any town. Far more important, before picking even a shilling, Amasiku underwent training on bookkeeping and how to run a business professionally, something Ugandan entrepreneurs are highly deficient in.<\/p>\n<p><br \/>By the time Amasiku borrowed UGX1.5million to scale up his value addition enterprise, he was equipped to succeed. He expanded his business by buying five other mills. Since October 2021, he rents out the machines and earns UGX90,000 daily. He has mastered the art of the grinding mill and he now provides repair services at a fee of about UGX5000-UGX10000 to boost his income.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-f652353 e-flex e-con-boxed e-con e-parent\" data-id=\"f652353\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ac533e2 elementor-widget elementor-widget-button\" data-id=\"ac533e2\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"#\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-download\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M216 0h80c13.3 0 24 10.7 24 24v168h87.7c17.8 0 26.7 21.5 14.1 34.1L269.7 378.3c-7.5 7.5-19.8 7.5-27.3 0L90.1 226.1c-12.6-12.6-3.7-34.1 14.1-34.1H192V24c0-13.3 10.7-24 24-24zm296 376v112c0 13.3-10.7 24-24 24H24c-13.3 0-24-10.7-24-24V376c0-13.3 10.7-24 24-24h146.7l49 49c20.1 20.1 52.5 20.1 72.6 0l49-49H488c13.3 0 24 10.7 24 24zm-124 88c0-11-9-20-20-20s-20 9-20 20 9 20 20 20 20-9 20-20zm64 0c0-11-9-20-20-20s-20 9-20 20 9 20 20 20 20-9 20-20z\"><\/path><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Click to download report<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>His rise to financial independence started in April 2021 when he was introduced to Nile Microfinance Ltd agriculture value chain loans at a monthly interest rate of 2.5% &#8211; which [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1327,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_price":"","_stock":"","_tribe_ticket_header":"","_tribe_default_ticket_provider":"","_ticket_start_date":"","_ticket_end_date":"","_tribe_ticket_show_description":"","_tribe_ticket_show_not_going":false,"_tribe_ticket_use_global_stock":"","_tribe_ticket_global_stock_level":"","_global_stock_mode":"","_global_stock_cap":"","_tribe_rsvp_for_event":"","_tribe_ticket_going_count":"","_tribe_ticket_not_going_count":"","_tribe_tickets_list":"[]","_tribe_ticket_has_attendee_info_fields":false,"footnotes":""},"categories":[55],"tags":[],"class_list":["post-1326","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-learning-knowledge-management"],"_links":{"self":[{"href":"https:\/\/abi.co.ug\/finance\/wp-json\/wp\/v2\/posts\/1326","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abi.co.ug\/finance\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abi.co.ug\/finance\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abi.co.ug\/finance\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/abi.co.ug\/finance\/wp-json\/wp\/v2\/comments?post=1326"}],"version-history":[{"count":7,"href":"https:\/\/abi.co.ug\/finance\/wp-json\/wp\/v2\/posts\/1326\/revisions"}],"predecessor-version":[{"id":1334,"href":"https:\/\/abi.co.ug\/finance\/wp-json\/wp\/v2\/posts\/1326\/revisions\/1334"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abi.co.ug\/finance\/wp-json\/wp\/v2\/media\/1327"}],"wp:attachment":[{"href":"https:\/\/abi.co.ug\/finance\/wp-json\/wp\/v2\/media?parent=1326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abi.co.ug\/finance\/wp-json\/wp\/v2\/categories?post=1326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abi.co.ug\/finance\/wp-json\/wp\/v2\/tags?post=1326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}