The three partners launched a product, on Wednesday in Kamuli district, that will enable VSLAs to store their savings using Airtel money.
A grant offered by the GSMA Women Programme, which works with the mobile sector to boost women's use of mobiles made the product possible.
Kanyike said : "A mobile wallet will support safe storage of group funds as mobile money. Regular mobile reports can be generated to summarize transactions during that period and the Airtel Group Savings product can be linked to bank accounts at financial institutions to allow access to interest-bearing savings and credit."
Officiating at the launch, Country Director
Speaking at the launch, Kamuli LC-V Chairperson Proscovia Salaamu Musumba, added : "With this new system, I am sure you will no longer come to my office to report your colleagues who have often stolen your savings from the ordinary boxes where you have been keeping the money ."
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