Borrow against what you save.
Every loan is exclusive to paid-up members and ceilinged at three times your standing savings. Asset accepted as collateral. Free financial advice as a matter of cooperative duty.
Four ways to build your standing balance.
Compulsory savings
Every paid-up memberCounts toward loan ceiling — withdraw on exit only.
Shares
Every paid-up memberEarn dividends declared at the AGM.
Welfare fund
Every paid-up memberPools support for sickness, bereavement, school-fees emergencies.
Voluntary savings
Members in good standingEarn a modest interest; withdraw on notice.
Fitted to the season, fitted to the member.
Mechanization Loan
01- Term
- 3 to 9 months
- Eligible
- Tractor owners, mechanics, equipment operators
- Purpose
- Tractor purchase, implement repair, fuel, operating cash, refresher training fees.
- Rate
- Subject to AGM-approved schedule; typically lower than commercial bank.
- Security
- Asset accepted as collateral; member guarantor required.
Agricultural Loan
02- Term
- 5 months total, with up to 4 months grace before repayment begins
- Eligible
- Smallholder farmers; VSLA / cooperative group members
- Purpose
- Working capital — inputs, fuel, tillage hire, casual labour — timed to planting / harvest.
- Rate
- AGM-approved seasonal rate; pegged below middleman financing.
- Security
- Asset + member guarantor; group co-guarantee accepted.
Emergency Loan
03- Term
- ≤ 30 days
- Eligible
- Any paid-up member with standing savings ≥ UGX 50,000
- Purpose
- Medical bills, school fees, urgent harvest cash, funeral expenses.
- Rate
- Flat fee model; designed for dignity not profit.
- Security
- Standing savings balance + one member guarantor.
Asset Financing
04- Term
- Negotiated per asset (typically 24–48 months)
- Eligible
- Tractor owners purchasing through vetted dealers
- Purpose
- New / used tractors, harrows, ploughs, threshers, irrigation kits.
- Rate
- Dealer-financed at SACCO-blessed terms.
- Security
- The asset itself + member savings as a percentage down payment.
Welfare Loan
05- Term
- 1 to 3 months
- Eligible
- Active members with welfare contributions current
- Purpose
- Bereavement, sickness, family emergencies the cooperative refuses to walk past.
- Rate
- Zero-interest model where reserves allow.
- Security
- Member guarantor.
3×
Whatever your standing savings balance, the cooperative will lend you up to three times that amount. Save UGX 200,000 and your ceiling is UGX 600,000. Save UGX 1,000,000 and your ceiling is UGX 3,000,000.
What every applicant brings to the table.
The list is published in plain English on every membership card. No surprises. No "additional fees" surfaced at the desk.
Six steps. Usually two to three months.
Visit / call the office
Speak to the secretariat at Plot 1/3 Bank Lane, Gulu — or WhatsApp the secretariat to start your file.
Open a savings account
Pay membership UGX 20,000 once, plus first month savings of UGX 20,000 (Ordinary).
Build standing balance
Save monthly until you reach min. UGX 50,000 — usually 3 months.
Apply for credit
Submit the application form with ID, photos, guarantor details, and UGX 10,000 application fee.
Vetting & Loan Committee
Vetting Committee reviews documents; Loan Committee approves under the 3× ceiling rule.
Disbursement
Funds released to your savings sub-account, by cheque, FlexiPay or MoMo.
Ready to apply?
Speak to the secretariat. We'll walk you through the requirements, share the application form, and confirm your file with the Loan Committee.
