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UCSCU’S ROLE IN RURAL FINANCIAL SERVICES STRATEGY

Government of Uganda adopted the Savings and Credit Cooperative (SACCO) model as the vehicle through which all parts of Uganda at Sub County level will have access to safe, affordable and sustainable financial services.

Accordingly, the government designated UCSCU consistent with its core activities, to lead the formation and strengthening of SACCOs countrywide in order to ensure that SACCOs cover the whole country at each Sub county.

UCSCU signed a Memorandum of Understanding with Government of Uganda and on behalf of Government undertakes the following mandate;

 Mobilising communities and train them to come together as co-operators in order to start SACCOs or to join existing ones and become members.

 Install a culture of savings by encouraging members to own shares and also put savings into SACCOs.

 Provide training to SACCOs, and equipment, goods and services, for example, depending on the needs of SACCOs they will be provided with safes, office furniture, counters, filing cabinets, contribution to staff salaries and rent, among others. For the SACCOs which are already in existence and wish to grow and become stronger, they are provided with items like motor cycles, computers, strong rooms and refurbishment of office premises.

In the implementation of the Rural Financial Services Programme (RFSP), UCSCU works closely with RFSP Coordination Unit of the government of Uganda in capacity building of SACCOs (Formation, Strengthening and Outreach). PAU is the IFAD funded Programme Administration Unit charged with provision of Financial and Technical services to UCSCU.

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