Loans
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News
Soroti City West Journalists SACCO struggles to recover Emyooga funds
SOROTI CITY, December 18, 2024 – The Soroti City West Journalists Savings and Credit Cooperative Organization [SACCO] has struggled to recover funds disbursed to beneficiaries under the Emyooga programme. In 2021, the…
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Kenyan SACCOs outshine banks in loan market amidst high interest rates
NAIROBI, December 16, 2024: Kenya’s Savings and Credit Cooperative Organisations [SACCOs] have attracted a growing number of customers seeking more affordable loan options as commercial banks keep charging higher interest rates. Despite…
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Minister Kasaija tips traders on gov’t low-interest loans at URA tax awards
KAMPALA, December 13, 2024: The Minister for Finance Planning and Economic Development, Matia Kasaija has asked Ugandan traders to approach the government for low-interest loans to boost their struggling businesses. Speaking at…
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Money lending: Mbarara leaders welcome 2.8 percent interest rate cap
MBARARA, December 6, 2024 – Leaders from Mbarara and the broader Ankole Sub-region have praised the government for introducing an interest rate of 2.8 percent per month on loans charged by the…
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Multiple loans drive teachers to flee Nebbi schools
NEBBI, November 27, 2024 – Four months have passed, and the Education Department in Nebbi Municipality is still unable to locate three teachers who reportedly disappeared from their schools, fearing arrest by…
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Alebtong Emyooga SACCOs struggling to recover over Shs 510mln
ALEBTONG, November 22, 2024 At least 17 Emyooga Savings and Credit Organisations [SACCOs] in Ajuri County, Alebtong district, are facing challenges in recovering over Shs 510 million that was advanced to various…
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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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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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