Loans
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East Africa
Imarika Sacco releases impressive financial statement
NAIROBI -Imarika SACCO defied a harsh business environment in 2022 to post growth, according to Kenyan news agencies. The growth was boosted by its asset base, which improved to Ksh 11.66 billion…
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Cooperatives & Communities
Loan repayment: Emyooga SACCOs urged to give members more time
ARUA-President Yoweri Museveni has asked Emyooga SACCOs to give their members a grace period of at least two years to pay off their loans. Museveni made the call yesterday in Arua City…
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Cooperatives & Communities
BKCU boss resigns as salary arrears hit Shs 400mln
MBARARA – Banyankole Kweterana Cooperative Union [BKCU] general manager, Julius Tugume has resigned over nonpayment of his emoluments of about Shs 31 million, even though all the staff demand the union salary…
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Cooperatives & Communities
Mushanga SACCO board members re-elected at AGM
SHEEMA – The chairman of Mushanga SACCO, Gilvazio Bafaki alongside other former members of the board was last Saturday unanimously re-elected to serve for the second term of office, which takes four…
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East Africa
KMRC to provide affordable mortgages through banks, SACCOs
NAIROBI – The Kenya Mortgage Refinance Company [KMRC], a public-private partnership established to provide mortgage liquidity facilities to banks, microfinance institutions, and SACCOs, has made its home loans attractive and affordable. Local…
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Finance & Banking
Bunyoro farmers challenged to take advantage of ACF
HOIMA – Farmers in Bunyoro Sub-region have been urged to take advantage of the Agriculture Credit Facility [ ACF ] initiated by government to boost commercial farming in the country. Joseph Mutaka,…
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Cooperatives & Communities
Mbarara grape cooperative holds first AGM, members urged on loan payment
MBARARA – Mbarara City Woman Member of Parliament, Rita Atukwasa Bwahika, has challenged cooperative members to always repay their loans on time. While attending Mbarara Grape Farmers Cooperative Society’s elective annual general…
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East Africa
Kenya suspends loans for ailing Metropolitan National SACCO
NAIROBI-The Kenyan government and the interim board of the ailing teachers-owned Metropolitan National SACCO Limited, have suspended long-term loans to members, reached out to creditors for loan moratoria and embarked on closure…
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Cooperatives & Communities
SHEEMA: Shuuku SACCO warned over bribery
SHEEMA– SACCO officials and members in western Uganda have been warned against engaging in bribery while processing loans. The call was made by Prof. Ephraim Kamuntu in Sheema district while speaking at…
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Cooperatives & Communities
Emyooga Programme: Women groups in Arua City ask for more funding
ARUA-Successful Emyooga women’s enterprise groups in Arua City have pleaded with the government to consider them for the second funding phase, saying it will boost their businesses. The women groups say that…
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