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Stanbic Bank Uganda has unveiled a new campaign dubbed Kiri SupaDupa which aims at breaking barriers to access to finance for newly employed individuals especially the youth.
According to the African Development Bank (AfDB) young people face numerous institutional barriers when sourcing funding for their personal or commercial ventures with lack of collateral, limited credit history, and restrictive loan requirements being the main hindering most youth from accessing finance.
“Africa is predominantly youth, and at Stanbic Bank, we are resolute in ensuring that our lending products reflect that reality. As part of our sustainability agenda, we are intentional about breaking barriers to youth access to affordable finance,” said Israel Arinaitwe, Head Personal Banking.
Banking on women and youth
The bank is currently running its 2025 “Kiri SupaDupa” lending campaign offering flexible loan options for salaried employees in Uganda including those who are currently serving employment probation.
With this campaign, salaried Ugandans earning a monthly salary of as little as UGX 150,000 can access unsecured loans amounts of up to UGX 350 million.
“These loans come with competitive interest rates as low as 16% and repayment terms of up to 96 months allowing the client enough breathing space to get on with their life aspirations,” said Arinaitwe.
For Ugandans seeking to own a house, Stanbic has packaged home loan offers of up to 100% financing at a 15% interest rate, payable in 25 years. The campaign also aims to extend its reach to more Ugandans through initiatives like Stanbic for Her, which provides unsecured financing for women entrepreneurs at interest rates between 12.5% and 15.5%.
“People question the source of our commitment to youth and women for youth, it’s a corporate responsibility that we have to own, to meaningfully support their journey to achieving their financial aspirations and we are doing that through campaigns such as SupaDupa. Through Stanbic for Her, women have also made a good case for themselves, with a reputation of being honest and better at paying back their loans compared to their male counterparts that is why we are banking on them,” said Arinaitwe.
The application process for the Kiri SupaDupa campaign has been designed to be user-friendly through Stanbic Bank’s online banking platform *290#, the official website Stanbicbank.co.ug, or applicants visiting any of the 83 branches countrywide. Subject to fulfilling the relevant conditions, loans are approved in less than 24 hours.
The bank has allocated a huge portion of its loan book to support the un-bankable community through Savings and Credit Society Organizations (SACCO). SACCOs can access these loans up to UGX 4 billion at an interest rate as low as 10% to facilitate their onward lending to millions of their members.