Stanbic Bank Uganda has announced an increase in its unsecured loan offering to Savings and Credit Cooperative Organizations (SACCOs) from sh200 million to sh4 billion, attained at an interest rate…
Stanbic Bank Uganda has maintained a strong growth momentum in the first half of 2024 posting a profit of UGX 236 billion on its income statement. This represents a 17.6…
FutureLink Technologies and gnuGrid CRB have launched Uganda’s first Savings and Credit Cooperative Organization (SACCO) Industry Dashboard and Credit Score. The innovative Dashboard allows SACCOs and Microfinance Institutions (MFIs) to refine their growth strategies and develop relevant financial products by utilising real-time industry data. Additionally, the SACCO Credit Score, created in partnership with gnuGrid CRB, streamlines the lending decision process…
By Taddewo Senyonyi Savings and Credit Cooperative Societies (SACCOs), if properly managed and run according to the principles, there’s no doubt they can increase financial inclusion in Uganda and ultimately transform Uganda’s economy….
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