Two years ago, in 2024, I attempted to write this article explaining the process of obtaining a money lending licence in Uganda. At the time, I could not find a single detailed guide online that clearly explained the process from start to finish. Now that we have successfully obtained the
Numida is probably the most common business loan app out there. They promise to give you unsecured business loan apps in 24 hours. According to Numidda, you can get a business loan from the Numidda app in 4 simple steps as in the picture above 1. Download the Numida app
Unlocking Unsecured Loans: Qualification Guide Unsecured loans are a popular financing option for people who need funds but don't have assets to offer as collateral. They are more flexible and accessible than secured loans because they don't require collateral. However, you must meet certain criteria to
This guide will provide you with step-by-step instructions on how to borrow, what you need to be eligible, and the terms and conditions you need to follow when borrowing from the Airtel Money wewole loan service Eligibility requirements for the Airtel money wewole loan: To be eligible for the Airtel
In this article, I will share the practical lessons I have learned from reading the book "You Need a Budget". The book outlines four rules that can guide you in budgeting as a Ugandan, and this article will be based on those rules. Spoiler alert, rule 4 is
In this article, we're going to talk about the business loan apps in Uganda. Our goal is simple: we want to see how much money you can get from these apps to start a business or make it bigger. We'll check out things like how long
Credit is a financial concept that allows individuals and businesses to borrow money or access goods and services with the promise of repayment in the future. It is essentially trust extended by one party (the creditor) to another (the debtor) that the debtor will repay the borrowed amount along with
If you are wondering why you should join a savings group or why you should save as part of a group instead of saving on your own, this post will provide you with the answers. In this post, I will explain the benefits of saving your money as part of
Learn about the different types of loan interest in Uganda and how that interest is calculated
Mobile loans in Uganda have become very popular in the recent past, providing a reliable and convenient way for people to get credit minus collateral or tedious bureaucratic processes. Telcos like MTN & Airtel have adventured into giving options to mobile loans and in this article, we shall dive into
What are Mutual funds? Mutual funds, commonly known as unit trusts, are collective investment schemes that pool money from various investors to invest in assets like government bonds and stocks. This article aims to provide insight into investing in mutual funds in Uganda, covering the workings of mutual funds, popular
Many people nowadays prefer loans that don't require anything valuable as security. This article explores a list of the best loan apps in Uganda that offer instant loans online, and the best part is, that you don't need to fill out lots of paperwork. These loans
savings groups
In this article, we will navigate through the intricacies of various types of savings groups, shedding light on their purposes, advantages, and disadvantages. Our exploration will encompass Cash Rounds (ROSCAs), Accumulative Savings and Credit Associations (ASCAs), Savings and Credit Cooperatives (SACCOs), and even touch upon the unique dynamics of Investment
savings groups
Are you on a financial journey and looking for a smarter way to save? Joining a savings group might be the key to reaching your goals faster and more efficiently. In this article, not only will we explore how to find the perfect savings group, but we'll also
In Uganda, SACCOs and Saving groups are regulated by the Uganda Microfinance Regulatory Authority (UMRA), it is responsible for tier 4 microfinance which includes both SACCOS and Self-help groups. The term SACCO is often used to refer to both saccos and self-help groups, My aim for this article is to
Welcome to the PesaSave weekly Blog, where we embark on a journey to transform the way you approach personal finance. In a world driven by innovation and technology, PesaSave stands at the forefront, dedicated to helping individuals and informal groups take control of their financial destinies. What's PesaSave!