Loans
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Cooperatives & Communities
We owe coffee farmers Shs 6bln, says BCU
KAMPALA – Bugisu Cooperative Union [BCU] owes Arabica coffee farmers Shs 6 billion, according to the latest press release circulated by management to media houses. This follows yesterday’s reports in one of…
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Education
Teachers advised to shun multiple loans
MBALE – Teachers in Mbale district and Uganda at large have been urged to invest part of their earnings in productive activities other than continuously acquiring multiple loans from various financial institutions.…
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Cooperatives & Communities
Recovery rate for Emyooga funds in Lango Sub-region at 30 percent
LIRA – The loan recovery rate for Emyooga funds in Lango Sub-region currently stands at 30 percent, according to officials responsible for the government programme in the area. Lango Sub-region received has…
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Cooperatives & Communities
Omoro boda boda groups receive Shs 30mln presidential pledge
OMORO – Several boda boda groups in Omoro district have received Shs 30 million pledged by President Yoweri Museveni recently. Museveni made the pledge to support the boda boda cyclists during a…
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Cooperatives & Communities
Don’t ask for collateral, Kabarole RDC warns Emyooga SACCO leaders
KABAROLE – The Kabarole resident district commissioner [RDC], Festus Bandeeba has warned Emyooga SACCO leaders against asking members for collateral before they can be given loans for production. Bandeeba said he had…
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Cooperatives & Communities
Lira City Emooyga SACCOs appeal for extra funds
LIRA -Lira City Emooyga SACCOs are appealing for extra funds from the government, saying they would like to boost their businesses further and recruit more members. The government through the Microfinance Support…
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Cooperatives & Communities
Cooperative societies in Lira Main Market to form union
LIRA – A process is ongoing to transform a total of 14 primary cooperative societies in Lira Main Market into a union that should better enhance production and productivity, collective marketing, value…
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Cooperatives & Communities
Paa-Apira SACCO transforming livelihoods of members in Northern Uganda
GULU – Farmers in Acholi Sub-region are busy planting maize, rice, sorghum, sim-sim, cassava as the first planting season of the year continues. Notable among the busy farmers are the members of…
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Cooperatives & Communities
2023/2024 budget: Govt earmarks over Shs 1trn for SACCOs
KAMPALA– Government has earmarked Shs 1.177 trillion for various SACCOs in the upcoming 2023/2024 financial year, according to State Minister for Microfinance, Haruna Kasolo. Parliament yesterday approved the Shs 52trn budget for…
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Cooperatives & Communities
Promoter meets Lango cultural leaders over establishment of coop bank
LIRA – A concerned Ugandan Lt. Moses Mugisha Magufuri has held discussions with the leaders of Lango Cultural Foundation in Lira City East Division over the establishment of Agriculture and Cooperative Bank.…
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