Loans
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News
Stanbic increases ceiling for unsecured SACCO loans to Shs 4bln
KAMPALA, November 20, 2024 – Stanbic Bank has raised the ceiling for unsecured SACCO loans to Shs 4 billion, up from the previous limit of Shs 200 million, with an interest rate…
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News
Hoima district resumes disbursement of PDM funds
HOIMA, October 28, 2024 — Hoima district authorities have resumed disbursing Parish Development Model [PDM] funds to beneficiaries. Launched in February 2022, the PDM is a government initiative aimed at transitioning 3.5…
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New Cooperative Bill to reform and boost sector growth
NAIROBI, October 19, 2024 — The Cooperative Bill 2024, which the Kenyan Parliament is presently scrutinising, aims to tackle the persistent governance and management issues afflicting the cooperative sector, according to Wycliffe…
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Masindi sugarcane growers give leaders another term of office
MASINDI, October 16, 2024 – Members of the Masindi District Sugarcane Outgrowers’ Association Limited [MASGAL] have re-elected their leadership following three years of effective service. The re-elected leaders include Robert Atugonza as…
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News
WOCCU President advocates for credit unions in visit to Ukraine
MADISON, Wis., September 19, 2024 —World Council of Credit Unions [WOCCU] President and CEO Elissa McCarter LaBorde recently met with representatives from the National Bank of Ukraine [NBU] in Kyiv, Ukraine, to…
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WSACCO CEO urges members to boost their savings
FORT PORTAL CITY, September 19, 2024 — Col. Joseph Freddy Onata, Chief Executive Officer of the Wazalendo Savings and Credit Cooperative Society [ WSACCO ], has encouraged members to increase their savings…
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Hoteliers urge UDB to cut borrowing rate to single digit
KAMPALA, September 16, 2024 – Hoteliers and investors in Uganda’s hospitality sector are calling for a reduction in the borrowing rate charged on loans provided by the Uganda Development Bank [UDB], which…
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SACCO Supervision Annual Report 2023 released in Kenya showing industry growth
NAIROBI, September 15, 2024 – The Kenyan Cabinet Secretary for the Ministry of Cooperatives, Micro, Small & Medium Enterprises [MSMEs], FCPA Wycliffe Ambetsa Oparanya recently released the SACCO Supervision Annual Report 2023…
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News
Mbale City women entrepreneurs sensitised on Grow project
MBALE, September 7, 2024 — Government days ago launched the Generating Growth Opportunities and Productivity for Women Enterprises [GROW] project in Mbale City, calling upon women entrepreneurs to participate in the project…
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Lyamujungu SACCO’s 40 years of existence and excellence
KABALE, September 2, 2024 – Boasting almost 40,000 members, Lyamujungu SACCO domiciled in Kigezi Subregion, recently attained 40 years of providing excellent services to members, although the institution was unable to mark…
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