Loans
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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…
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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.…
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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…
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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…
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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…
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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…
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Cooperatives & Communities
CBS PEWOSA Nsindika Njake SACCO goes digital
KAMPALA – With over 40,000 members, CBS PEWOSA Nsindika Njake Sacco has taken on a brave step to digitise its operations to serve its members better. The Mengo-based Sacco with subscribers coming…
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International
Co-op housing units in Canada get c$13mln for repairs
QUEBEC-The federal and Nova Scotia governments are splitting the tab on c$13 million [Shs 39 billion] in renovations for co-op housing units around the province, reports Canadian Broadcasting Corporation [CBC]. The work…
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Cooperatives & Communities
MSC disburses over Shs 600bln to Ugandan enterprises
LIRA– The Microfinance Support Centre [ MSC ] has in a report enumerated its successes and challenges since its inception two decades ago to be a source of cheaper loans for small…
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Cooperatives & Communities
Angry Ikwera Sacco members demand for their savings
KWANIA-Leaders of Ikwera SACCO are under pressure after failing to release Shs 114 million savings for its members. The SACCO located in Aduku town council, Kwania District currently has over 1,000 members…
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