Loans
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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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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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