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Our Community Investments

Stanbic Bank Uganda (SBU) is committed to supporting and uplifting the communities in which it operates through Corporate Social Investment (CSI) and Employee Community Involvement (ECI) programs. This is in line with our purpose statement “Transforming lives for a better Uganda”. Stanbic Bank’s CSI programmes are primarily focussed on the “Education” sector, because we believe that the performance of our future economy depends on the quality of education provided to young people today. Uganda has the youngest population in the world with 70% under the age of 24 and 48% under 15 years hence, the reason for focusing on education. We are keen on the impact that our programmes make. Over the last 18 months, we’ve reached 52,086 people across the country, whose lives were transformed for the better.We continuously monitor and evaluate our CSI programmes which helps us achieve our purpose of not only transforming lives, but doing it responsibly and sustainably. Programmes that promote Inclusive and quality education for all and lifelong learning

a. Promote inclusive and quality education amongst vulnerable children

The Challenge: Over the years results show that although pupils generally pass Primary Leaving Exams (PLE), there are very few that actually obtain first grade which is essential for them to access quality secondary education. 2014 and 2013 for instance had only 10.4% and 9.04% of the total pupils who completed PLE with first grades, respectively.

Our Involvement: In 2015, Stanbic Bank partnership with the Ministry of Education, Science, Technology and Sports (MoES) and provided 11,000 PLE past paper pamphlets to over 4,000 schools across the country which is expected to benefit an estimated 50,000 pupils to improve performance of Primary-7 candidates.

Impact/outcome
Over 400 primary schools across the country and 50,000 pupils received revision material that are expected to improve their PLE results for them to access quality secondary school education.

b. Financial Literacy Training in partnership with AVSI

The Challenge: Many people have lost their property/savings due to poor financial decisions as a result of a lack of financial knowledge.
According to the Finscope report-2010, almost half of adult Ugandans are currently borrowing (45%), 20% have have a savings history but have since stopped and 35% have never saved.

Far too many Ugandans – about 72% – don’t use banks at all, despite the financial advantages banks provide.

Our Involvement: In partnership with AVSI, Stanbic Bank organized financial literacy trainings for 2,250 vulnerable households across the country to teach them important aspects about personal saving, debt management, budgeting, and financial services among others.
The objective was to improve the socio-economic status of targeted vulnerable households by 39% at the end of the project.

Impact/outcome

  • 8,247 Households trained in Financial Knowledge of which 3,805 (46%) are vulnerable children’s households.
  • 25,493 individuals have been reached through the financial literacy trainings.
  • Average household incomes more than doubled from UGX 48,560 to UGX 122,324 – a growth of 251%
  • Overall average vulnerability score improved by 39% from 59.2 to 36.2 however this did not translate to an improved social-economic status due to the increase in the number of household members that simultaneously lower per capita income thus leading to a failed recognition of any form of progress the household may have made.

c. Stanbic Bank - GEMS Cambridge International School (GEMS) Charity Run

The Challenge: A number of children drop out of school due to a lack of scholastic materials and other support resources such as meals. Most of them take to begging in the street which increases their vulnerability.

Our Involvement: Stanbic Bank partnered with GEMS Cambridge International School to organize the 2015 charity run which was aimed at supporting vulnerable children to access education.

Impact/outcome

  • 332 Participants registered for the event.
  • Ushs 20,205,000 was raised that benefitted 427 students and 500 teachers in accessing education and contemporary teaching methodologies respectively as follows;

a) Ushs 8,082,000 went towards Ggaba market Early Childhood Development Centre that takes care of 20 vulnerable children.
b) Ushs 8,082,000 went towards supporting 407 indigent children at missionaries of the poor to access basic education, health and food.
c) Ushs 4,041,000 went towards Varkey Foundation’s Teacher training programme which impacts almost 3,000 underprivileged children.

d. Stanbic Bank National Schools Championship

The Challenge: 70% of Uganda’s population is below the age of 24 yet statistics in Uganda suggest that 83% of people under 24 years are unemployed majorly because most graduates lack employable skills.


Our Involvement: Stanbic Bank in partnership with the MoES introduced a national quiz competition for secondary schools across Uganda to stimulate secondary school students to sharpen their critical thinking, while creating problem-solving skills.

The objective was to nurture young people to develop positive attitudes, values and coping skills which subsequently prepares them for greater responsibilities in the future

Impact/outcome
• 34 secondary schools and over 3,000 students participated in the competition in which they were trained on the following skills among others;

  • Financial Literacy
  • Leadership
  • Crisis Management
  • Conflict resolution
  • Selling skills
  • Communication and self-expression
  • Entrepreneurship

e. Stanbic Bank Business Mentorship Program

The Challenge: Uganda has been ranked as the world’s number one entrepreneurial country by Approved Index in the UK (2015) however 70% of the businesses started in Uganda collapse within the first 3 years according to statistics from Global Entrepreneurship Monitor (GEM). SMEs in Uganda generally lack proven business management habits and skills, which are evident among the more successful business people elsewhere, leading to their collapse.

Our Involvement: Stanbic Bank is currently providing 200 SMEs with tailored business trainings that are aimed at helping them improve the way they run their businesses, make them more efficient and formalize them. This is aimed at driving economic and social transformation that will secure the future of our SME sector. Both customers and non-customers are eligible for the programme

Impact/outcome

  • 200 SMEs were mentored and trained in business management skills such as Book Keeping, Taxation, Credit management, Marketing and selling to mention but a few.
  • Total Average Monthly turnover for participating SMEs increased from Ushs 9.2M to 13M –a growth of 41%.
  • 34 waged new jobs were created.

f. Entrepreneurial skills training for Youth out of school in partnership with In Movement.

The Challenge: Statistics in Uganda indicate that 90% of UPE pupils cannot read and only one out of every ten children assessed in Primary Three is able to correctly solve a Primary Two level numeracy questions up to division level.

Our Involvement: Stanbic Bank in partnership with In-Movement trained a group of over 30 youth to realize their full potential in various areas such as creative writing, leadership, computer literacy and craft making through visual arts.

This was done with the objective of empowering the youth out of school to set up small enterprises and create their own income which ultimately helps to support their families.

This subsequently reduces discrimination and helps support such families out of absolute poverty.

Impact/outcome

  • 30 youths trained in various vocational disciplines.
  • Restored hope in indigent children and made them realize their potential.

 

g. Stanbic Bank Youth Entrepreneurship Program in partnership with Junior Achievement

Stanbic Bank partnered with Junior Achievement (JA) to provide the youth with practical skills that will enable them become entrepreneurs and create jobs.

The Challenge: Youth unemployment rates are really high and not only in Uganda but the world over. Statistics in Uganda suggest that 83% of people under 24 years are unemployed yet more than two thirds of Uganda’s population is below the age of 24. Therefore the youth unemployment challenge is real and is perhaps Uganda’s most pressing challenge.

Our Involvement: Stanbic Bank partnered with Junior Achievement to provide the youth with practical skills that will enable them become entrepreneurs and create jobs.
Students are guided by JA experts and mentored by Stanbic Bank staff – who in this case are volunteering to offer real life experiences. Each volunteering Stanbic Staff is attached to a school which he/she visits to mentor regularly.
The objective is to prepare young people for the real world by showing them how to generate wealth and effectively manage it, how to create jobs that make their communities more robust, and how to apply entrepreneurial thinking to the workplace

Impact/outcome

  • 994 students and 11 teachers trained in entrepreneurial skills.
  • 42 student mini companies were formulated.

h. Stanbic Bank commits Ushs 50 million to Construction of Vijana Poa Youth empowerment centre

Stanbic Bank partnered with Rotary Club of Kampala North to construct a youth empowerment centre that is aimed at providing education and practical skills to 100 vulnerable children.


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