The Zonal Office being located in a region where most people still believe in traditional communal savings, it has led to high rate of VSLAs and the introduction of the Group Loan Product was a milestone for the zone since the groups in the zone are stronger than SACCOs. According to Karamoja Private Sector, Karamoja VSLA Groups have a portfolio of UGX 20 Billion. When the zone was given the opportunity to launch the product in January 2016, over 50 groups were offered Ugx 471 Million. The zone is currently receiving many applications from groups.
MSC services are delivered through twelve Zonal offices across the country. Each Zonal office covers a cluster of districts. In order to improve access to information, MSC entered into an understanding with 61 SACCOs) across the country to be reference points for MSC services and related information. The SACCOs also receive feedback to related to services and products and relay it to MSC. They also provide technical assistance and share good practice to support weak SACCOs.
Achayo Rose Mary - Manager, 077 2868939
Ocheng Hannington Simon - Manager, 078 9621228, 075 5101541
KAABONG EMPLOYEES AND ENTREPRENEURS
Akudo Noah - Chairperson, 078 7638786, 075 0583988
THE MICROFINANCE CENTRE FINANCES GROUPS IN KARAMOJA
The Microfinance Support Centre (MSC) extended loans worth 471 million shillings to Village Savings and Loan Associations in the Karamoja region. The money was extended to 41 groups in Abim district, 8 groups in Moroto district and 1 group from Kotido district. This took place on the 19th January 2016 in Abim town and 20th January 2016 in Moroto town. The function was presided over by Mr. Fred Mwesigye who represented the Chairperson of MSC Mrs. Justine Bagyenda. Other Board members present were Mr. David Baguma, Mr. Albert Odoi and Mr. Timothy Lubanga. The MSC Executive Director represented by the Director Credit and Operations Mr. Thomasmore Katutsi.