Uganda, Feb. 21 -- Private Sector Foundation Uganda (PSFU) has said it is working with partners to create a fund through which youth and women-founded businesses will be supported with non-collateralized loans and patient capital.

Speaking during the launch of the third session of the Women's Day Katale due at Dam Waters Rugby Ground in Jinja City next month, Ms Sarah Kagingo, the PSFU vice chairperson, said financial institutions have to reassess their financing models to offer small and medium enterprises patient capital to allow growth of such businesses, noting that banks should as well develop products that support small businesses.

"As PSFU, we are working with partners to create the Catalytic Fund ... that will offer non-collater...