Loans
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News
SACCOs urged to guard against loan defaulters as they seek expanding
SHEEMA, January 18, 2025 – – Savings and Credit Cooperative Societies [SACCOs] in Uganda are facing the growing challenge of loan defaults, according to Herbert Ahimbisibwe, the General Manager of Shuuku Credit…
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Dokolo Emyooga SACCOs assured of additional seed capital
DOKOLO, January 17, 2025 – – The Microfinance Support Centre [MSC] has assured members of Emyooga SACCOs in Dokolo District of an additional Shs 20 million in seed capital provided by the…
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Banks issued Shs 1.5trn in loans ahead of festive season
KAMPALA, 4 January 2025 – The Government has reported that commercial banks in Uganda extended loans amounting to at least Shs 1.5 trillion to various clients in the lead-up to the Christmas…
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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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News
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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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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