Microfinance for Ugandan Children

Aug 2007
Paris, France, August, 02 2007 - The Commercial Microfinance Bank of Uganda has just announced it is offering savings accounts for children.

This type of program is a good incentive to learn about savings benefits at an early age. Children can start saving with only Sh1,000 (US$0.60) through the Commercial Micro Finance Bank's junior savings account. The account earns a 5% interest per annum, incurrs no transaction charges and money can be withdrawn at any time.

The program was launched at the Lungujja Playgrounds in Kampala - an obvious location to attract parents and children in an increasingly competitive banking environment.


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