Uganda faces a critical education crisis deeply intertwined with systemic poverty in its rural communities. With an average of five children per family and over 70% of Ugandans relying on subsistence farming, financial hardships force many children to drop out of school. Only 40% complete primary education, and a mere 16% finish upper-secondary education. Middlemen exploit small-scale farmers by purchasing their produce at minimal prices, trapping families in a vicious cycle of poverty and limiting access to education.
NUNU Fund breaks the systemic intergenerational poverty in rural peasant communities by replacing middle-men and linking agriculture directly to education in an innovative system of micro investments and increasing school completion rates by 50%. It has two main components:
1. SeedBank for Education.
Buying produce directly from small-scale farmers at fair and double price of what middle-men offer and collectively bulk paying school fees with the staples like beans and maize at schools, where the peasants' children study from. The schools feed the children with the staples. When excess produce is sold, 50% profit is directly shared back to the peasant household.
2. Payback and Saving System:
Enabling peasant households to benefit from our community shops for basic needs, where a 20% payback automatically saves money on their savings' accounts which are saved for the long-term with interest and dedicated to pay only school fees or cover medical emergencies. Poor families typically buy the smallest possible quantities, like one cup of rice in community shops at extremely high prices if you would convert the price per kilo and compare it to a 50 KG sack of rice. The 20% seem little but for families living in extreme poverty, this is a lot and they flock to our shops because of it.
What sets NUNU Fund apart is its innovative integration of agriculture, education, and financial empowerment bypassing exploitative mechanisms.
Company Details
- Employees
- 5
- Founded
- -
- Address
- Kabale, Uganda, Muhumuza Road,behind Umeme Offices,uganda
- Industry
- Financial Services
- NAICS
-
Finance and InsuranceMonetary Authorities-Central Bank
- Website
- http://www.nunu.fund
- Keywords
- Kabale.
- HQ
- Kabale, Western
Nunu Fund Questions
Nunu Fund's website is http://www.nunu.fund
Nunu Fund's LinkedIn profile is https://ug.linkedin.com/company/nunufund
Nunu Fund has
5 employees.
View email and phone details for 5
employees at Nunu Fund.
Nunu Fund's industry is
Financial Services
Nunu Fund's categories are Financial Services
Nunu Fund's founding year is 2020
