Brenda Mpora

By Brenda Mpoora  Saving and Credit Cooperative Societies (SACCOs) are making a tremendous contribution in promoting a savings culture and driving financial inclusion to the last mile user in Uganda.  A closer look at the 2023 FinScope report shows SACCOs had the highest growth of uptake in formal financial services from 5 percent to 14 percent. Since 2018, SACCOs grew much more in adoption against all financial services, with the proportion of Ugandans utilizing them for savings and credit more than doubling.  Beyond the uptake, SACCOs have numerous needs ranging from technology, digital infrastructure, compliance and capital to scale.  With…