Financial Literacy 101: Basic Financial Skills Everyone Should Know – Part 3: Investing
In the ongoing journey towards financial literacy, we have previously unpacked essential skills like budgeting and saving. These discussions, though general, have been tailored towards the African context, notably Uganda. Today, we embark on another vital aspect of financial literacy – investing. What is Investing? Investing signifies the commitment of money or resources to a […]
Financial Literacy 101: Basic Financial Skills Everyone Should Know – Part 2: Saving
In our previous post, we embarked on a journey to achieve financial literacy, starting with the crucial step of budgeting. As we continue to navigate the financial landscape, particularly focusing on the African context – with an emphasis on Uganda, today we delve into another pivotal skill – saving. What is Saving? Saving involves setting […]
Financial Literacy 101: Basic Financial Skills Everyone Should Know – Part 1: Budgeting
In today’s world, financial literacy is a crucial life skill. It’s about understanding how money works and how to manage it effectively. This series of blog posts aims to provide you with the basic financial skills everyone should know, with a focus on the African context, particularly Uganda. Let’s start with budgeting. What is Budgeting? […]
Understanding Interest Rates on Digital Microloans
When it comes to digital microloans, understanding how interest rates work is crucial for making informed decisions. In Uganda, several digital lending platforms offer microloans, each with its unique interest rate structure. This article aims to break down how these interest rates work, using information from various sources, including the Azima app and other competitors […]
