- Toll free: 0800 201010
- msc@msc.co.ug
- Head Office: Plot 32 Nakasero Rd, Kla
Loan Application Requirements
SACCOS, and MFIs
- Certified copy of Certificate of Registration or Incorporation
- Certified copy of the Memorandum and Articles of Association, By-laws, Trusted Deeds, etc
- Certified copy of annual returns filed to the registering authority/body e.g. Registrar of Cooperatives for SACCOs
- Audited accounts for atleast 1 year by a certified auditing firm
- Resolution to borrow
- Valid operating license
- Minimum of one year in Operations
- Clearly defined and accessible location of Operation
- Clear ownership & governance structure
- Atleast two staff with basic knowledge and skills in accounting and microfinance operations or related field
- Collateral security fully covering the loan and interests
- Bank statements
- Business plan
Groups/VSLAs
- Certified copy of Certificate of Registration from the Community Development department at the District
- Certified copy of the Constitution or Bylaws
- Resolution to borrow from MSC as stipulated in the group minutes
- Contacts of the executives committee plus a photocopy of their IDs
- Recommendation letter from from the area LC1 Chairperson
- Recommendation letter from the NGO/CDO
- Cleary defined meeting place
- Vasic records
NOTE:
- Additional documentation maybe required during the application process on a case by case basis
- The maximum loan amount a client can access is UGX: 3Billion while the mimum is UGX: 5million
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