We facilitate the establishment of the Central Finance Facility (CFF) as a pool for on-lending to MGs to address temporary liquidity challenges and provide other financial investment opportunities as provided for in the financial cooperatives regulations.
MGs often experience low liquidity due to lack of enough capital, delays in loan repayment, and poor management of funds. As a result, they need loans to address the temporary liquidity challenges.
Range of Loans
Loans for on-lending to their customers.
Meeting operational costs.
Building digital capacity.
The loan offering is intended to support MGs with accessible and affordable financing so they could lend to their members at a low interest rate, meet their operational costs, and also build their digital capacity to serve their members better.
The journey for Uganda Federation of MG Community Credit Cooperatives (UFCC) started in 2018 when the mother organisation, Korean Federation of Community Credit Cooperatives (KFCC) signed a memorandum of understanding with the Government of Uganda. Today there are 18 MGs in Uganda. At UFCC we put members first in everything we do; our members are the prime beneficiaries of our services.