Head Office      46 Windsor Crescent Kololo      msc@msc.co.ug      Toll Free 0800 201010 / 120024



The Microfinance Support Centre Limited (MSC) is Government owned company under the Ministry of Finance, Planning and Economic Development.


YEAR OF LAUNCH
1948

LOAN PORTFOLIO
UGX 48,000,000,000

NUMBER OF CLIENTS
148

DISTRICTS SERVED
Kabale, Kanungu, Kisoro & Rukungiri

CONTACTS
1143 Kabale Road, Box 982 Kabale, 039 2770110




THE MICROFINANCE SUPPORT CENTRE FINANCES SACCOS IN KIGEZI

The Microfinance Support Centre extended loans worth 1 billion shillings to SACCOs in the Kigezi region. This took place on 14th November 2015 at White Horse Inn Kabale. The function was presided over the Rt. Hon. Prime Minister Dr. Ruhakana Rugunda. Also in attendance was Hon. Henry Banyenzaki Minister of State - Economic Monitoring who represented the Minister of Finance Planning and Economic Development Hon. Matia Kasaijja.

The institutions that received cheques included Lyamujungu Co-operative Financial Services, Rukiga Savings and Credit Scheme Co-operative Society and Buyanja SACCO who received 400million, 350million and 200 million respectively. Four Teachers' SACCOs were also presented cheques, including Mutolere Primary School SACCO, Kabale Town Based Teacher's SACCO, Murora Teachers' SACCO and Kabale Universal Staff SACCO who recived 20 million, 15 million, 20 million and 10 million respectively.

While presenting the cheques at White Horse Inn Kabale, Prime Minister Ruhakana Rugunda noted the importance of financing rural enterprises to enhance productivity and reduce poverty. He informed the guests at the fuction that government had implemented several programmes including the Entadikwa Scheme, the Poverty Alleviation Project and the Rural Microfinance Project among others. "All these programme are aimed at improving the welfare of Ugandans," he said.

The Prime Minister was happy to note that MSC has contributed to building a rural financial infrastructure for services delivery through provision of management capacities to grass root financial institutions. He also pledged government's continued commitment in supporting the financial services sector and particularly MSC that has exhibited the competence and capacity to deliver on these programmes. He thanked the institutions that received cheques, for their vital contribution to the government agenda. Hon. Henry Banyenzaki mentioned that MSC was set up to provide affordable credit and business development services to Ugandans with special emphasis on poor households. He also observed that the interventions put in place by government have contributed to the reduction of poverty in the country. Hon. Banyenzaki decried fraud in some SACCOs that has caused some to collapse and close with members' savings. "The Ministry of Finance is facilitating the enactment of a Tier 4 Microfinance bill to provide a legal framework for institutions offering financial services currently not regulatory by Bank of Uganda" said the Minister," when enacted, the law will safeguard members' savings."

At the same occasion, the Board Chairperson MSC, Mrs. Justine Bagyenda said the company has so far disbursed 210 billion shillings in support to SACCOs, Cooperative Unions and Small and Medium Enterprises across the country.