Butuuro Financial Services to go green in November fifteen years celebration
Come November 2022, Butuuro Financial Services(BFS), will be marking fifteen years of existence and service having registered as a financial institution in November 2007. In this respect, a myriad of activities shall be conducted in what BFS has dubbed Butuuro week (8th-15th) November as a away of celebrating progressive impact the institution has enjoyed with her clients.
Under the theme, Community service by prioritizing Environmental Conservation/protection, the celebrations will be majorly characterized by a green campaign in which each member that visits BFS branch or outreach will be given a tree for planting in their homes. Environmentally friendly tree species have been selected for this cause according to the management.
During the week of celebrations, trees will be planted in selected public spaces like schools, worship centers, etc. The institution will also donate scholastic materials to needy learners in selected government primary and secondary schools.
It is worth noting that Environmental Protection will take center stage in this year’s celebrations to mark 15 years of BFS.
The institution has previously supplemented environmental protection efforts by offering eco-friendly products like solar energy and biogas with support from SNV and Uganda Energy Credit Capitalization Company.
At present, BFS has solar products, but they go at normal interest rates without a subsidy. The move by BFS is to support and challenge other financial institutions to lay the foundation for a more sustainable future. This effort aligns resources with the UN Sustainable Development Goals (SDGs) that aim to shift the economy to clean energy, eliminate hunger, foster gender equality and achieve more than a dozen other social and environmental targets.
Under the aspect of gender equality, BFS is mooting plans to subsidize Agri Business loans for the female gender at a lower interest rate of 1.7% compared to males who borrow at 1.9% for any amount ranging from Shs.100,000 to Shs. 150,000,000.
BFS’ affirmative action arises from the funding offered by aBi who want women to be given priority in financial inclusion.