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\n Soroti\u2013 Pride Bank has officially launched the GROW Loan in Soroti, a strategic financing product aimed at expanding access to affordable credit for small businesses, entrepreneurs, women-led enterprises, and youth-owned ventures in the region.<\/p>\n
The launch marks a significant milestone in the bank\u2019s continued commitment to promoting financial inclusion and supporting grassroots economic development across Uganda. The GROW Loan is expected to empower individuals and enterprises through flexible financing solutions tailored to meet the realities of growing businesses, enabling them to expand operations, improve productivity, and create employment opportunities. Soroti\u2013 Pride Bank has officially launched the GROW Loan in Soroti, a strategic financing product aimed at expanding access to affordable credit for small businesses, entrepreneurs, women-led enterprises, and youth-owned ventures in the region. The launch marks a significant milestone in the bank\u2019s continued commitment to promoting financial inclusion and supporting grassroots economic development across …<\/p>\n","protected":false},"author":2,"featured_media":1072,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_3659155457675267_172535249438148":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2],"tags":[],"class_list":["post-1071","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-news"],"featured_image_urls":{"full":["https:\/\/xavieradioug.com\/news\/wp-content\/uploads\/2026\/05\/Pride-Bank-Launches-GROW-Loan-in-Soroti.jpg",1920,2560,false],"thumbnail":["https:\/\/xavieradioug.com\/news\/wp-content\/uploads\/2026\/05\/Pride-Bank-Launches-GROW-Loan-in-Soroti-150x150.jpg",150,150,true],"medium":["https:\/\/xavieradioug.com\/news\/wp-content\/uploads\/2026\/05\/Pride-Bank-Launches-GROW-Loan-in-Soroti-225x300.jpg",225,300,true],"medium_large":["https:\/\/xavieradioug.com\/news\/wp-content\/uploads\/2026\/05\/Pride-Bank-Launches-GROW-Loan-in-Soroti-768x1024.jpg",618,824,true],"large":["https:\/\/xavieradioug.com\/news\/wp-content\/uploads\/2026\/05\/Pride-Bank-Launches-GROW-Loan-in-Soroti-768x1024.jpg",618,824,true],"1536x1536":["https:\/\/xavieradioug.com\/news\/wp-content\/uploads\/2026\/05\/Pride-Bank-Launches-GROW-Loan-in-Soroti-1152x1536.jpg",1152,1536,true],"2048x2048":["https:\/\/xavieradioug.com\/news\/wp-content\/uploads\/2026\/05\/Pride-Bank-Launches-GROW-Loan-in-Soroti-1536x2048.jpg",1536,2048,true],"tie-small":["https:\/\/xavieradioug.com\/news\/wp-content\/uploads\/2026\/05\/Pride-Bank-Launches-GROW-Loan-in-Soroti-110x75.jpg",110,75,true],"tie-medium":["https:\/\/xavieradioug.com\/news\/wp-content\/uploads\/2026\/05\/Pride-Bank-Launches-GROW-Loan-in-Soroti-310x165.jpg",310,165,true],"tie-large":["https:\/\/xavieradioug.com\/news\/wp-content\/uploads\/2026\/05\/Pride-Bank-Launches-GROW-Loan-in-Soroti-310x205.jpg",310,205,true],"slider":["https:\/\/xavieradioug.com\/news\/wp-content\/uploads\/2026\/05\/Pride-Bank-Launches-GROW-Loan-in-Soroti-660x330.jpg",660,330,true],"big-slider":["https:\/\/xavieradioug.com\/news\/wp-content\/uploads\/2026\/05\/Pride-Bank-Launches-GROW-Loan-in-Soroti-1050x525.jpg",1050,525,true]},"author_info":{"info":["Editor"]},"category_info":"News<\/a>","tag_info":"News","comment_count":"0","_links":{"self":[{"href":"https:\/\/xavieradioug.com\/news\/wp-json\/wp\/v2\/posts\/1071","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/xavieradioug.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xavieradioug.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xavieradioug.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/xavieradioug.com\/news\/wp-json\/wp\/v2\/comments?post=1071"}],"version-history":[{"count":0,"href":"https:\/\/xavieradioug.com\/news\/wp-json\/wp\/v2\/posts\/1071\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xavieradioug.com\/news\/wp-json\/wp\/v2\/media\/1072"}],"wp:attachment":[{"href":"https:\/\/xavieradioug.com\/news\/wp-json\/wp\/v2\/media?parent=1071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xavieradioug.com\/news\/wp-json\/wp\/v2\/categories?post=1071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xavieradioug.com\/news\/wp-json\/wp\/v2\/tags?post=1071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nSpeaking during the launch, Pride Bank Managing Director Veronica Namagembe described the initiative as more than just the introduction of a new financial product.
\n\u201cThis has not been just a product launch; it is a reaffirmation of our commitment to empowering Ugandans, strengthening businesses, and contributing meaningfully to the economic development of communities,\u201d Namagembe said.
\nShe emphasized that the institution continues to reflect on the impact it has on the lives of the people it serves, noting that access to financial services is a key driver of opportunity and prosperity.
\n\u201cAs an institution, we recognize that access to financial services is not an end in itself, but a powerful tool that can unlock opportunity, dignity, and prosperity when placed in the hands of hardworking entrepreneurs and families,\u201d she added.
\nNamagembe further explained that the GROW Loan was developed in response to concerns repeatedly raised by customers across the country regarding limited access to affordable financing, high collateral requirements, and products that do not adequately address the needs of growing enterprises.
\nDuring the event, Pride Bank officials also reaffirmed the institution\u2019s broader strategic focus on deepening financial inclusion and supporting regional economic development.
\nJoseph Feta, Head of Business at Pride Bank, said the institution views the GROW Loan as a key driver of economic empowerment.
\n\u201cWe fully endorse the GROW Loan initiative as a strategic enabler of economic empowerment. Our focus is to ensure that every expansion we make translates into real, measurable impact in the communities we serve,\u201d Feta noted.
\nHe also highlighted the strategic importance of the Teso sub-region within Uganda\u2019s broader economic development agenda.
\n\u201cSoroti and its surrounding areas have demonstrated strong entrepreneurial energy, particularly in agriculture, trade, and small-scale enterprise development. Supporting this region is not only important for local growth but also for national economic transformation,\u201d he said.
\nFeta further explained that the loan product was designed with customers in mind and seeks to address financing gaps that continue to affect small and growing businesses.
\nThe launch of the GROW Loan reinforces Pride Bank\u2019s commitment to creating inclusive financial solutions that support entrepreneurship and drive sustainable economic growth across the country.
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