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Tuesday, September 12, 2006

Uganda’s Microfinance State Minister Says “No” to Donations

» Posted by MicroCapital Team in Category: Donations Do Damage at 7:20 am

In a parliamentary meeting recently, Microfinance State Minister Salim Saleh voiced concern over donations to microfinance institutions. According to him, donors have been giving heavily to Uganda’s microfinance sector. But rather than increasing access to capital for the poor, “the donors have invested at the policy level as well as seminars and workshops”. He concluded by stating that donors should spark economic growth in the country, but not control it.

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