Loans
-
Cooperatives & Communities
Shs 200mln Emyooga funds unused as Gulu city groups keep away
GULU– A total of Shs 200 million Emyooga seed capital for five different categories of groups in Gulu city is lying idle in the bank accounts, two years after the launch of…
Read More » -
Education
Teachers warned over multiple borrowing
NEBBI– Teachers in Nebbi district have been advised to desist from the bad habit of procuring multiple loans if they are to remain strong financially. According to the Inspector of Schools/ Special…
Read More » -
Development
BCU to arrest members over failure to pay back loans
NAMISINDWA-Bugisu Cooperative Union [ BCU ] chairman Nathan Nandala Mafabi has told cooperative societies members who have failed to pay back the loans acquired from the union that they will be arrested…
Read More » -
East Africa
Teachers Saccos asked to join major association for operational efficiency
NAIROBI-Kenya Teachers Sacco Association [KETSA] national chairperson, Robert Njue has urged teachers’ Saccos in the country to join the association so that they are able to pool resources together. Njue, who is…
Read More » -
Development
Credit risk remains high as local banks see 7.1 percent profit growth
KAMPALA-Risks for commercial bank lending in the country remain elevated due to slow credit growth, lingering concerns over asset quality, and high write-offs as banks clean up their loan book of COVID-19…
Read More » -
Cooperatives & Communities
Kyotera project gathers over 700 SACCOs to raise capital for members
KYOTERA-At least 730 community-based Savings and Credit Society Co-operatives [SACCOs] in Kyotera district have come together under a new arrangement to raise more funds for members as they engage in income-generating activities.…
Read More » -
Cooperatives & Communities
BCU mobilises coffee farmers, offers cheap loans
MBALE-Bugisu Co-operative Union [ BCU ] is engaged in zonal mobilisation meetings with coffee farmers in Bugisu Sub-region as one of the measures to increase the supply of green coffee to the…
Read More » -
Cooperatives & Communities
Fruit and vegetable farmers in South Sudan reach for global standards
JUBA-In South Sudan, International Trade Centre [ITC] training guides fruit and vegetable farmers as they work to increase their harvests and attain global standards, according to a recent press release. Small farmers…
Read More » -
Cooperatives & Communities
Masaka borrowers in trouble over Shs 585mln loan
MASAKA– Authorities in Masaka city have warned youth and women that they will face the wrath of the law if they fail to repay Shs 585 million loan. Both the youth and…
Read More » -
Cooperatives & Communities
Covid-19 effects hit Kitgum cooperatives hard
KITGUM– Several cooperatives in Kitgum district are still grappling with the effects of Covid-19 pandemic, according to the members. The cooperators say that during the partial lockdown to minimise the spread of…
Read More »