Equity Bank is gearing up to celebrate Women’s Month through a series of special events designed to empower and enable women in small-scale businesses to reach their full potential. Aligned with the International Women’s Day theme, ‘Invest in Women; Accelerate Progress,’ Equity Bank is focusing on supporting women customers, particularly those in the micro-segment.
Dubbed “Abakyala ku Ntikko,” these events feature inspirational speakers, financial literacy training sessions, and exhibitions showcasing products from women customers supported by the Bank. The initiative commenced in Kampala at the UMA Exhibition Hall in Lugogo and will continue to Fort Portal, Mbale, Gulu, and Hoima.
During the launch of “Abakyala ku Ntikko,” Elizabeth Mwerinde Kasedde, Executive Director of Equity Bank, underscored the importance of financial independence for women, emphasizing the challenges they face in managing finances due to multiple responsibilities and systemic barriers such as gender discrimination.
To address these challenges, Equity Bank has developed tailored products like the Equi-mama suite, offering personalized financial planning, investment advice, insurance coverage, free financial literacy training, and access to unsecured financing, mentorship, and networking opportunities for women.
The Equi-mama product includes medical insurance specifically designed for women, covering maternal health, long-term illness, permanent disability, and life insurance.
The “Abakyala ku Ntiiko” events aim to create a platform for women to learn about and access these products while celebrating women’s achievements in business and society. Mwerinde emphasized that Equity Bank’s commitment to empowering women reflects its dedication to transforming lives, providing dignity, and expanding opportunities for wealth creation.
Laura Bahemuka, Head of Micro Segments at Equity Bank, highlighted the special products tailored for the welfare and economic independence of women under the Equi-maama credit facility. She stressed the importance of supporting women for societal transformation, noting that free financial literacy training has become mandatory for women and youth. Over 50,000 women have been trained in financial management, emphasizing the significance of imparting essential skills for successful entrepreneurship.
