Uganda Cooperative Savings and Credit Union Limited (UCSCU) - Uganda
- Uganda
- Resources
- Access to Finance
- VSLAS (Village Saving & Loan Associations)
- VSLAS (Village Saving & Loan Associations)
How to start a Saving Group
- Select/chose group members
- Bring them together for a first meeting
- Agree on group leader(s)
- Discuss on issues to be addressed by the group
- Appoint members to lead discussions for the upcoming gathering
- Identify areas in which group members need capacity building
- Invite speakers/experts
- Decide on savings and timelines
- Start tracking your finances
Village Savings and Loans Associations (VSLAs) in Uganda
A Village Savings and Loans Association (VSLA) is a self-managed savings and credit group that does not receive any external funding. It is also self-capitalized using the Rotating Savings and Credit Association (ROSCA) model, where people can pool their savings and borrow from them.
While VSLAs have filled the gap left by financial institutes, they are faced with several challenges including:
- Formation and Management of the VSLAs;
- Savings are too little to have a transformative effect;
- Investments for expansion.
Uganda Cooperative Savings and Credit Union Limited (UCSCU)
About UCSCU | UCSCU is the umbrella body of Savings and Credit Cooperatives (SACCOs) and supports the formation and development of safe and sound SACCOs to ensure that financial services reach the population across the country. UCSCU is formed, financed, owned and controlled by Savings and Credit Cooperative Societies (SACCOs). |
Kind of support provided |
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Enrolment criteria/requirements |
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Additional services | Technical support and mentorship, VSLA formation training |
Contact
Plot 239 Maganjo, Bombo Road, Kampala
Email : info@ucscu.coop,
Website : www.ucscu.coop Tel.+256414233601/0702660205
Mr.Collin Agabalinda - the SACCO Development Manager at the Project for Financial Inclusion in Rural Areas (PROFIRA) at UCSCU