Asset Building Companion (ABC) is a social enterprise that exists to advance Asset Building and Community Development in Uganda and beyond.
We support low-income people and communities in building financial, human, social, and natural assets that enable them to exert control over their lives and to participate meaningfully and effectively in their societies.
What We Do:
Development Finance and Economic Security: Helping low-income people generate sustainable incomes, save and plan for the future, and protect against unforeseen economic setbacks.
Community Development: Fostering healthy, equitable communities with strong civic culture where low-income people have opportunities to build a spectrum of individual and collective assets.
Environment and Development: Supporting community development strategies that convert natural resources and environmental services into assets that benefit low-income people.
Workforce Development: Supporting mechanisms that enable poor and disadvantaged people to obtain marketable skills and access to resources necessary to get and keep good jobs.
Comprehensive Reproductive Health: Addressing the social, cultural, and economic factors that affect sexuality and reproductive health, thus hindering people’s capacity to work, overcome poverty, and lead satisfying lives.
Capacity Building: Developing capacities of individuals, and nascent organisations that serve the interests of low-income earners and communities.
Why Asset Building?
Assets Are Hope in Concrete Form
An asset offers a way out of poverty because it is not simply consumed, it is a stock that endures and can be used in many ways to generate economic, psychological, social, and political benefits that foster resilience and social mobility.
This is what we mean:
Economic Benefits: Assets can provide household stability, the capacity to weather changes such as the loss of a job or household income triggered by business cycles, economic restructuring, or a family crisis. They can also help to develop other assets, such as a business that generates revenues and employs others, or home equity that can be invested in further education.
Psychological Benefits: Assets provide a sense of security, control, and confidence, and a belief that one can take advantage of opportunities. They can provide an incentive to reduce risky behavior. They engender a desire and ability to look toward the future, make plans, and take an interest in additional steps toward independence. Assets support action on behalf of oneself and the next generation.
Social Benefits: Assets can increase commitment to a shared vision and community action. The sharing of individual assets and building of community assets can contribute to broader social well-being.
Political Benefits: Assets can reduce individual and community vulnerability to exploitation and
corruption. They form a material and social base that can support resistance to injustice and
oppression. They encourage confidence that the next generation will have political voice.