Our CFO @BittyMaclyn represented at the on going 5th cohort of the Women Mentorship Program ECHO Uganda organized by @ucscu that attracted Women Leaders in SACCOs.
Our CFO @BittyMaclyn represented at the on going 5th cohort of the Women Mentorship Program ECHO Uganda organized by @ucscu that attracted Women Leaders in SACCOs.
I today represented the mighty @Mwizisaccoltd in a workshop organised by @BOU_Official for ACP in regulatory compliance in Uganda’s credit information sharing system
Today, the Bank of Uganda Non-Bank Financial Institutions Department held a workshop for accredited credit providers (ACPs) on regulatory compliance in Uganda’s credit information sharing system. The workshop attracted over 150 participants from the Credit Reference Bureau Association (CRBA), credit reference bureaus, and accredited credit providers across the country.
In his opening remarks, the Ag. Executive Director of Supervision and Regulation, Mr. Mackay Aomu, emphasised that the inclusion of ACPs in the credit information sharing network has contributed to a significant rise in credit information activity. The credit reference system now holds records for 5,001,648 individuals and non-individuals, of whom 3,617,605 have active credit accounts. He also noted that credit information sharing is a fundamental link to financial inclusion. It is a system that has been proven in other jurisdictions to strengthen risk-based lending and lower the cost of credit. And beyond reducing non‑performing loans, it promotes a culture of repayment discipline and financial responsibility among borrowers, which can lead to improved credit scores and greater access to financial products.
The BOU team made presentations on credit information sharing as a tool for responsible lending, ensuring regulatory compliance obligations for ACPs, and sustaining ACP accreditation – from process to practice.
Happy Easter our valued members! May this season of renewal bring hope, growth, and prosperity to your families. As we celebrate, we wish you a restful holiday filled with joy. Thank you for your continued partnership and trust in us as we work toward a bright future together.
@mtic_uganda This is one of our best in the west, @Mwizisaccoltd has made a significant impact on to the people’s livelihoods through agricultural financing to the economically active poor in the region.
Together for Development
Mwizi Sacco: A community-based Sacco redefining governance & transparency:
💰 Total Assets: 20.4+Bn
✅ Fully automated system for tracking funds
🧾 Auto-generated receipts for every transaction
⏳ Reducing AGM time to focus on efficiency
👥 Members actively evaluate Board & Staff
@UEDCLTD@UEDCLSpox@UEDCLTD@UEDCLSpox Kindly advise us to get alternative means of powering our businesses, should i think that since this reply the system is still unable to generate REF, have mercy on us or take us back to days before transition. @UEDCLMD ingaha!
@UEDCLSpox@UedclC72214@UEDCLTD we are dying slowly here in Mwizi Rwampara, we cannot have stable power for 5minutes, Kindly help us or take us back to days before transition.
@UEDCLTD Dear @UEDCLTD people of Isingiro & Rwampara connecting fro Kikagati have had no power since Transition since @UEDCLTD has been the servoce privider even before, Most businesses that depend on power are closing up. Urgent attention is needed especially in #Mwizi_Kabura_Towncounil