Credit schemes are financial tools offered by banks, financial institutions, and government agencies to provide individuals and businesses with access to funds for various purposes. These schemes aim to stimulate economic growth, support entrepreneurship, promote financial inclusion, and meet the diverse credit needs of borrowers.
Why we Care!
The present financial institutions, have not put in place friendly borrowing terms that can generate development on the interest rate are very high, unbearable to the marginalized poor both rural/urban communities. Many who have attempted to borrow money from the bank and other financial institutions like micro finance institutions have ended up losing their properties thus sending them
to severe property which has costed peoples’ lives and scattering of families.
Understanding the types, benefits, challenges, and best practices for their utilization empowers borrowers to leverage credit effectively, achieve financial goals and enhance overall financial well-being. Accessing finance is often challenging for small and medium-sized enterprises (SMEs),
especially when compared to larger firms.
SMEs encounter difficulties due to high administrative costs associated with small-scale lending, underdeveloped financial systems, and the perception of higher risk attributed to smaller enterprises. Information asymmetry is a significant hurdle for commercial banks when lending to SMEs.
SMEs often lack appropriate accounting records and collateral, making it challenging to assess their creditworthiness.
Improper utilization of credit funds, defaults on repayments, or mismanagement of borrowed funds has lead to financial distress, debt burdens, and credit score deterioration for many borrowers as many of the individuals, groups and businesses lack financial strategy to manage financial risks,
overcome temporary cash flow challenges, and seizing growth opportunities.
Our Commitment
GRONET plays a crucial role in facilitating access to credit for small and medium-sized enterprises (SMEs) and reducing financing constraints. We connect and link farmers and agricultural businesses to financial institutions for business loans based on crop cultivation, livestock rearing, farm equipment purchases,
irrigation projects, or rural development.
We enable individuals who lack access to traditional banking services to secure funds for economic activities, creating opportunities for growth and development and also assisting individuals in purchasing or constructing homes, travels, education, medical emergencies, renovating properties or investing.
We raise with the government and concerned agencies to provide subsidized credit, interest rate concessions, or collateral-free loans to specific sectors or marginalized groups.
GRONET enhances financial literacy through education, workshops, and counseling borrowers to make informed decisions, understand loan terms, and manage credit effectively. We sensitize them in developing a realistic repayment plan, budgeting for loan repayments, and being adhering to repayment schedules to avoid default to maintain creditworthiness.
We play a vital role in bridging the financing gap for SMEs by mitigating risk and enhancing lenders' confidence. We address this constraint by providing guarantees to our trust worthy groups and SMEs that lack access to credits.
We connet with the Government and financial institutions by working towards improving the living conditions of the people, we come out with programs that address the community challenges and support them all heartedly. The credit scheme/SACCOS are encouraged, promoted and government injects in funds (Parish Development Model) to fight poverty. We train people in all developmental
initiatives including financial- disciplines business, ventures, agricultural production, community empowerment and creating of viable of community structures that cause a positive change among the population.
Social Protection policy
This policy guards against the major risks of life such as loss of income due to maternity, parternity, old age and related dependency, involuntary unemployment or part-time, precarious or irregular work,caring and family duties, illness and need for healthcare, disability, and the risk of falling into poverty. GRONET focuses at
setting up schemes that are directly linked to working life, and financed through contributions frequently based on earnings. We help those who are retired to demand universal coverage and full access to Pensions, National Social Security Fund (NSSF) and long term care around the country to ensure that the elderly people can live
in dignity and a better living standards. Growth Networks ensures that minimum income schemes are established to protect people from poverty and deprivation, while supporting their active inclusion in society and the country at large.
Inorder to overcome poverty, we tackle inequalities, ensuring sustainability, availability of jobs to cab unemployment and building resilience through a risk-informed development
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Running Projects
A country Without Poverty
Uganda / East AfricaMany people remain poor or are thrown back into poverty because of conflicts,natural disasters, diseases, poor saving mechanism, corruption, or some other shocks which families and communities are ...
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