Fighting unemployment & underdevelopment in Uganda using Mfuko Plus SACCO management system
SACCOs or microfinance institutions can play an important role to fight unemployment and underdevelopment through providing increased access to finance for start ups since SACCOs provide an entry point for many interventions in communities (both from government and non government organizations).
Therefore to ensure that SACCOs effectively help reduce the rates of unemployment in communities, there must be good and working systems in place and there’s no other better system for SACCOs or microfinance institutions other than Mfuko plus management system.
Mfuko Plus profiles members in the membership portal to capture their goals, needs and expectations so the SACCO can best support them. The system also ensures transparency , accountability and builds trust among members which encourages members to deposit more in the SACCO since they feel their resources are safe and they equally benefit from the SACCO.
Mfuko plus promotes bottom up development offering support to individuals who have intentionally come together and are moving at the same pace towards a common goal through providing clear accountabilities, detailed financial reports, timely loan disbursement , SMS notifications to members about any transactions taking place in their person accounts among others.
For more information about Mfuko plus visit our website: https://mfuko.net/ on or contact us by Phone on : +256706397621