Loans
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Cooperatives & Communities
Kenya: Real estate takes biggest share of SACCO loans
NAIROBI – Land and housing consumed the largest share of loans Kenyan SACCOs issued to their members in 2022, the latest data by SACCO Societies Regulatory Authority [SASRA] shows. According to the…
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Northern
Handouts cripple refugees’ SACCO in Lamwo
LAMWO – The continuous giving out of hand-outs has crippled the activities of Paluda Farmers’ SACCO whose members are South Sudanese refugees. The refugees living in Lamwo district decided to form their…
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Western
aBi Finance injects Shs 120bln in green agribusiness
MBARARA -aBi Finance Limited in partnership with local commercial banks, Microfinance Deposit-taking Institutions [MDIs], and SACCOs has so far sunk Shs 120 billion in the agribusiness sector in form of cheap credit.…
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Eastern
Traders appeal for help as fire razes Mbale market
MBALE – Traders and market vendors operating in Kumi road market in Mbale City have appealed to government to rescue them after fire gutted their kiosks, destroying merchandise worth millions of shillings.…
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Northern
Equity Bank readies loans for small enterprises in Acholi
GULU – Equity Bank Uganda has committed to supporting small-scale enterprises in Acholi Sub-region so that they can sustain their operations. At least 1,000 market vendors in Gulu City and its neighboring…
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Northern
Emyooga beneficiaries in Lira record success
LIRA – The Beneficiaries of the Presidential Initiative on Job and Wealth Creation [Emyooga Programme] in Lira City are reporting success since the programme was rolled out four years ago. The Emyooga…
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Northern
GULU: Money lenders accused of retaining national ID cards of borrowers
GULU – The authorities of Gulu City have raised concern over a number of national identity cards [ ID cards ] being retained by money lenders and microfinance institutions operating in the…
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Cooperatives & Communities
Youth in Madi Sub-region shun PDM cash
ADJUMANI– Youth in the Madi Sub-region districts of Adjumani, Moyo, and Obongi, are hesitant to use the funds provided by government under the Parish Development Model [PDM] due to the stringent conditions…
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East Africa
SACCO empowers pastoralists in Kenya
NAIROBI – Over 5,000 members, mostly pastoralists, have benefited from Northern Rangelands Trust Trading [NRTT] SACCO, established by community conservancy members as a vehicle for building businesses and diversifying their livelihoods. According…
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Cooperatives & Communities
Kwania SACCO improves welfare of teachers
KWANIA – The socio-economic welfare of teachers in Kwania District has improved, thanks to their SACCO, Kwania District Teachers’ Co-operative Savings and Credit Society Limited. Established in 2019 with 61 members and…
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