Nyakayojo SACCO
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Founded Date January 1, 1900
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Sectors Finance
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Posted Jobs 2
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Viewed 1
Company Description
Nyakayojo Savings and Credit Cooperative Organization (SACCO) Limited is a member-owned financial institution located in Mbarara, Western Uganda. Established primarily to serve the local community, it focuses on promoting a culture of saving and providing affordable credit to its members, who include farmers, small business owners, and salaried workers. It is regulated by the Uganda Microfinance Regulatory Authority (UMRA) and operates under the cooperative principles of voluntary membership and democratic control.
The SACCO plays a vital role in the socio-economic development of its area by offering financial services that are often more accessible than those of commercial banks. By pooling resources from its members, Nyakayojo SACCO reinvests in the community through various loan products aimed at improving household income and fostering local entrepreneurship
- Financial Products and Services:
- Savings Accounts: Offers various options including regular savings, fixed deposits, and institutional savings for schools or churches.
- Agricultural Loans: Tailored credit for farmers to purchase seeds, fertilizers, and equipment, or to manage livestock.
- Commercial/Business Loans: Targeted at small and medium enterprises (SMEs) for working capital and business expansion.
- Education Loans: Short-term credit designed to help parents and guardians cover school fees and educational materials.
- Salary Loans: Available to formally employed members, with repayments usually deducted at source.
- Key Features and Benefits:
- Affordable Interest Rates: Typically offers more competitive rates on loans compared to mainstream microfinance institutions.
- Member Dividends: As a cooperative, any annual profits made are shared back with the members in the form of dividends based on their shareholding.
- Financial Literacy Training: Frequently conducts workshops to teach members basic bookkeeping, budgeting, and investment strategies.
- Community Focus: Prioritizes local development and supports community projects within the Nyakayojo area and greater Mbarara.
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Active Jobs From Nyakayojo SACCO
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Marketing Officer – 1(One) position.
- @ Nyakayojo SACCO
- Kampala District
- Finance
-
Marketing Officer – 1(One) position.
- @ Nyakayojo SACCO
- Kampala District
- Finance