Where you save and borrow affects how much you earn and pay. Each option has strengths.
SACCOs
- Member owned, often lower loan rates
- Dividends on shares
- Loans often based on savings and guarantors
- Strength depends on governance
Commercial banks
- Regulated by Bank of Uganda, deposits protected up to a limit
- Wide services and digital banking
- Stricter loan requirements
Microfinance institutions
- Serve small businesses and group borrowers
- Faster access, sometimes higher rates
How to choose
Check licensing, governance, fees, interest and how quickly you can access your money.
This is general information, not financial advice. Compare products and speak to a licensed adviser.
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