Tag Archives: loans

Lira, Uganda | THE INDEPEDNENT | Two people in Lira, Kole district have committed suicide over failure to service loans acquired. In Lira, Patrick Oming, the Amokoge Parish Chief in Wiodyek sub county decided to end his life after failing to pay back the money he obtained from Nen Anyim savings …

Kampala, Uganda | THE INDEPENDENT |  The Uganda Development Bank Ltd (UDBL), the country’s national Development Finance Institution, has today announced exclusive offers aimed at addressing the growth of the key sectors of youth, women and SMEs. In addition to credit offerings to these segments, UDB will introduce a Business Accelerator …

Kampala, Uganda | THE INDEPENDENT | The Uganda Development Bank has developed a special financing program for women entrepreneurs, in response to concerns that most of the women cannot afford the terms and conditions generally set by the industry for capital. This is part of the bank’s measures aimed at rebuilding …

Kampala, Uganda | THE INDEPENDENT | The government has relaxed conditions that require Emyooga Savings and Credit Cooperative Societies to seek recommendations from district commercial officers before they access money on their bank accounts. In 2020/21, the government released 30 Million Shillings to each of the 18 Emyooga Savings and Credit …

Kampala, Uganda | THE INDEPENDENT | A section of Members of Parliament are calling for a Shs100 million recovery package to assist schools and other institutions of learning as they plan to re-open. Legislators argue that the two year closure of these institutions due to the Covid-19 pandemic has crippled private institutions’ …

UDB has signed a memorandum of understanding with the Uganda Women Entrepreneurs Association Ltd under which beneficiaries will get between 50 and 100 million shillings in loans Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank has offered to help 2 million women in business access financing at more affordable cost …

Kampala, Uganda | THE INDEPENDENT | As 2021 gets to the end, Stanbic Bank Uganda has unveiled what it terms as ‘exciting offers’ on unsecured personal loans effectively activating the festive mood among customers. In a Nov.01 media statement, Uganda’s largest bank by assets, said, the promotional offer runs until end …

Kampala, Uganda | THE INDEPENDENT | Stanbic Bank has signed a partnership with the ministry of health which will see the bank offer a range of low interest loans to health workers across the country. The loans range from personal unsecured salary loans to secured loans, mortgages, vehicle and asset financing …

Kampala, Uganda | THE INDEPENDENT | Proprietors of private schools have rejected a government offer for them to access loans from the Microfinance Support Centre. They say schools require a lot more money than the Microfinance Support Centre is able to offer and the interest rates offered are too high. Following …

Kampala, Uganda | THE INDEPENDENT | The Speaker Jacob Oulanyah has urged Uganda Development Bank (UDB) to reduce its lending rate from 12 percent saying that access to affordable loans by majority of Ugandans is a key driver of socio-economic transformation. He made the remarks while meeting with the Board of …