Loans
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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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Cooperatives & Communities
Rakai farmers form own SACCO to provide cheap credit for production
RAKAI– At least 100 coffee and dairy farmers in Kacheera Sub-county in Rakai district have formed their own SACCO [Kacheera Sub-county Coffee and Dairy Farmers SACCO] to provide members with cheap loans…
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Cooperatives & Communities
Emyooga: Shs 1.7bln not yet recovered in Kumi
KUMI – The authorities in Kumi district are struggling to recover about Shs 1.7 billion advanced to various Savings and Credit Cooperative Societies [SACCOs] under Emyooga Programme. In 2021, government through Microfinance…
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Cooperatives & Communities
Low production crippling VSLAs in Gulu
GULU- Low engagement in income generating activities among members of Village Saving and Loan Associations [VSLAs] in Gulu City is crippling their growth, according to the city commercial officer, Nixon Komakech. VSLA…
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Cooperatives & Communities
Mwizi SACCO back on growth path, members urged to continue saving
RWAMPARA– Mwizi SACCO has managed to record tremendous success during the financial year 2022/2023, the SACCO having been mismanaged by the former leadership, which was kicked out for it to stabilise and…
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Cooperatives & Communities
Minister Ogwang launches fundraising drive for women SACCOs
KATAKWI – The Minister of State for Sports, Peter Ogwang last weekend launched a fundraising drive for women SACCOs in Ngaraim County, Katakwi district, saying it will help them fight household poverty.…
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Cooperatives & Communities
West Nile Teachers’ SACCO grapples with low savings
ARUA-West Nile Teachers’ SACCO is struggling with low savings, which leaders say has hindered the growth of the SACCO that can serve members as desired. SACCO leaders attribute the sharp decline in…
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Cooperatives & Communities
Nwoya cooperatives have scanty books of account
NWOYA– The majority of the cooperatives in Nwoya district lack proper audited books of account, something that has limited them to access loans from commercial banks and other financial institutions, district officials…
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