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Frequently
Asked Questions
1.
What are the major goals of AssetsAfrica? 
- To
develop an alternative asset-building model that is socially, culturally
and economically relevant to the Uganda/African context that will
later be adopted or modified by other African countries.
- To build
the capacity of beneficiaries to be able to save during and after
the project and to be able to participate in the management of the
affairs of their communities.
- To
provide matching funds to 200 individuals and/or groups who will have
saved a 50% mandatory percentage of the total cost of the targeted
asset.
- To
document, evaluate and disseminate project/model experiences to other
countries.
- To
encourage and redefine savings in the African context.
2.
How does the program work?
AssetsAfrica
uses Asset Development Accounts to help beneficiaries begin to accumulate
assets. Through financial and asset training sessions the program increases
the capacity of beneficiaries to save their money and reinvest it into
assets that will then generate more capital.
3.
Why Uganda?
AssetsAfrica
will eventually be implemented in numerous countries in Sub Saharan Africa
(SSA). Uganda was chosen as the location for the first pilot project through
a careful selection process. After completing the pilot project in Uganda,
AssetsAfrica hopes to implement similar asset-building projects throughout
the SSA.
4.
Who are the participants?
The project
has 200 participants, including men, women, school youth, teachers, and
other economically active individuals. Participants were determined by
a selection process administered by local committees.
5.
What assets do participants buy?
Beneficiaries
can choose from a wide variety of assets that will be income generating.
AssetsAfrica participants have bought livestock, transportation (e.g.,
bicycles and motorcycles), material goods (e.g., sewing machines and wheat
grinders), and land. Assets are chosen strategically so that their acquisition
will help each participant to generate income to purchase more assets.
6.
Who funds this project?
Funding for
this pilot study is being provided by CSD.
7.
What
is ICR-Uganda?
ICR-Uganda
(ICR) is International Care and Relief-Uganda, an national NGO that has
implemented numerous multi-sector programs since its conception in 1996.
It is a partner organization with ICR-UK.
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