Loans
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Cooperatives & Communities
Police officers in Lango asked to join Exodus SACCO
LIRA, April 16, 2024 – Police officers in Lango Sub-region have been advised to join Exodus Cooperative Savings and Credit Cooperative Society and start saving and buying shares if they are to develop…
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Cooperatives & Communities
Economic inclusion project brings 25 institutions together to promote savings, financial inclusion
LIMA, March 30, 2024 —The USAID/WOCCU Economic Inclusion Project [EIP] days ago joined local partners to host a Global Money Week event in Lima, Peru featuring 25 financial institutions, public and private…
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Cooperatives & Communities
Trade ministry official cautions SACCOs against multiple borrowing
KAMPALA, March 28, 2024 – Multiple borrowing could soon land rogue members of Savings and Credit Cooperative Organisations [ SACCOs] in jail. This was said days ago by Moses Magumba, a Senior…
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Cooperatives & Communities
Lira teachers’ SACCO in need of soft loan
LIRA, March 27, 2024 – Lira Primary and Secondary School Teachers SACCO needs a capital boost in the form of a soft loan to facilitate the lending business of the SACCO, according…
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Cooperatives & Communities
FSD Uganda boss urges SACCO members to pay loans in time
MBARARA, March 25, 2024 – Members subscribing to different Savings and Credit Cooperatives Organisations [SACCOs] in the country have been advised to pay their loans if the financial cooperatives are to grow…
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Cooperatives & Communities
WSACCO opens 10th branch in Fort Portal City
FORT PORTAL CITY, March 19, 2024 – In a bid to bring services closer to its members, Wazalendo Savings and Cooperative Society Limited [ WSACCO ] has opened its 10th cash branch…
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News
Private sector credit dropped 0.7 percent in January 2024
KAMPALA, March 19, 2024 – The stock of outstanding private sector credit in Uganda reduced by 0.7 percent to Shs 21.54 trillion in January 2024, from Shs 21.70trn in December,2023, mainly explained…
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News
BoU warns banks over slow disbursement of ACF and SBRF loans
MBARARA CITY, March 18, 2024 – The Bank of Uganda [BoU] has asked commercial banks in the country to increase the speed at which they are disbursing loans under the Agricultural Credit…
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Cooperatives & Communities
Minister urges fishermen and boda boda riders on value of SACCOs
SERERE, March 12, 2024 – As the country’s hard economy bites, the State Minister for Fisheries, Hellen Adoa has advised boda boda riders and fishermen in Serere district to form or join…
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Cooperatives & Communities
Kenyan SACCOs struggling to recover loans, says regulator
NAIROBI, March 5, 2024 – Savings and Credit Co-operative Organisations [SACCOs] in Kenya are owed Ksh 2.7 billion by various government agencies and private companies that approached the financial cooperatives for the…
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