MicroFinance
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Cooperatives & Communities
Bwijanga Coffee Farmers’ Cooperative Society launches saving scheme
Members of Bwijanga Coffee Farmers’ Cooperative Society in Bwijanga Sub County, Masindi, have launched a saving scheme which they hope will help them to boost their income. Speaking at the scheme’s launch,…
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Cooperatives & Communities
Lyamujungu Cooperative reinvests all dividends to settle outstanding loan
Members of Kabale-based Lyamujungu Co-operative Financial Services Ltd have resolved to reinvest all their dividends in order to absorb the effects of the COVID-19 pandemic that has affected many financial institutions in…
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Cooperatives & Communities
Cooperators urged to embrace responsibility
Cooperators have been urged to take back control of their cooperatives by taking up membership roles and responsibilities in order to enhance the resilience and success of their organizations. During the recent…
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Cooperatives & Communities
Government sets up fund to protect SACCO members’ savings
Government has established a contingency plan for members that may lose their monies in Savings and Credit Cooperative Organizations (SACCOs). The latest safeguard has been established in form of a special Savings…
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Cooperatives & Communities
Police investigate the embezzlement of UGX 69M at Nyalit Coop
A police investigation is underway after some members of the Bukwo-based Nyalit Cooperative Society raised a red flag over alleged embezzlement of the cooperative’s funds. The said money, UGX 69 million, is…
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Cooperatives & Communities
Mwalimu SACCO members query pay deductions
Mwalimu National Sacco members in Western Kenya have threatened to stop their monthly contributions to the Sacco. The members claim that the Sacco has been making unauthorised deductions from their salaries.On Monday,…
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Cooperatives & Communities
Microfinance Regulator Boss Warns Money Lenders Against Violating Client’s Privacy
The newly appointed Executive Director of Uganda Microfinance Regulatory Authority has warned money lenders against demanding for national identity cards, bank ATM and passport as security for loans. Edith Namugga Tusuubira says…
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Cooperatives & Communities
Government releases UGX 1.3b for teachers SACCO
KAMPALA, Uganda: As the 2019/2020 budget gets read amidst the meagre income of the teachers, the government put a smile on the faces of the teachers with another release of Ugs1.3 billion…
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