Source: Ministry of Agriculture – Uganda Date: May 12, 2025 Excerpt: Recent reports from the Ministry of Agriculture show a 35% increase in the uptake of agricultural loans through SACCOs over the past year. The increase is attributed to affordable loan terms, flexible repayment options, and awareness campaigns promoting agribusiness as a sustainable income source. […]
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Source: New Vision – Economy Date: May 11, 2025 Excerpt: The Ugandan government has launched a UGX 10 billion fund to accelerate the digitization of Savings and Credit Cooperative Organizations (SACCOs) across the country. This initiative is expected to improve record-keeping, transparency, and access to affordable credit in rural communities. The Minister of Trade emphasized […]
Source: Daily Monitor – Business Date: May 10, 2025 Excerpt: Uganda’s rural communities are witnessing a significant transformation thanks to growing access to financial services. New data shows that over 60% of village SACCOs have adopted digital savings platforms, boosting transparency and improving member access to low-interest loans. The Ministry of Finance commended the role […]