MicroFinance
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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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