gaziantep escort,escort bayan,beylikdüzü escort,
alanya escort,gaziantep escort
A trillion shillings has been disbursed to Parish Development Model (PDM) beneficiaries through Wendi, a digital wallet developed by PostBank Uganda, marking a significant milestone in Uganda’s push for financial…
By George William Kiyingi In Uganda’s bold ambition to eradicate poverty and foster prosperity at the grassroots, the Parish Development Model (PDM) stands out as a transformative framework. Yet, no…
As the sun prepares to set on the Uganda Microfinance Regulatory Authority (UMRA), a withering report by the Auditor General lays bare a sobering truth. In just 12 months before…
By Flavia Nabukeera Savings to some is a discipline, and to others, it is a tug of war where one compares what they earn and what they can put aside for future investment. Oftentimes, the outcome is resorting to not saving anything at all because they think they never have enough. But how does one develop a savings habit? Is it after facing a life-challenging situation that prompts one to put money aside? It can be 5%, 10%, 20%, or even 50%, or a discipline that one has to master whenever they have extra money from their earnings, then dedicate…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
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 of only 10%. This bold step was unveiled during the bank’s SACCOs Forum, recently hosted at Onomo Hotel in Kampala. Francis Karuhanga, the Chief Executive of Stanbic Holdings Uganda Limited (SUHL) said the decision to elevate the SACCO preposition is a strategic response to the feedback gained from the previous engagements with Cooperative leaders across the country and the growing demand for affordable financial solutions, a move that perfectly…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
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 percent growth compared to the UGX 200 billion earned in the first half of 2023. Stanbic’s stellar half-year performance was largely backed by the Group’s revenue which remained well diversified with non-interest revenue in fees, commissions and trading revenue contributing 43.2% to the total pool of revenue. This was further supported by drop in credit impairments driven by improved asset book and recoveries after write off. The bank also recorded growth…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
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 for SACCOs and MFIs. At the launch, held on May 24th at Grand Global Hotel in Kampala, the Bank of Uganda Executive Director of Finance, Mr Richard Byarugaba note that, the SACCO Dashboard facilitates real-time industry comparison while ensuring data…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
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. A 2009 Finscope report shows 71% Ugandans were saving at the time, with unfortunately 90% saving in a secret hiding place or with friends, neighbours or relatives; 27% saved in informal groups; 22% saved with formal financial institutions while 4% each saved with SACCOs and MFIs. Rebirth of SACCOs In an effort to implement the Rural Financial Services Programme (RFSP), one of the pillars of the Prosperity for All (PFA), the government of Uganda set…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
beylikdüzü escort
beylikdüzü escort
