{"id":61108,"date":"2023-11-27T16:31:53","date_gmt":"2023-11-27T16:31:53","guid":{"rendered":"https:\/\/www.africa-press.net\/uganda\/?p=61108"},"modified":"2023-11-27T15:49:14","modified_gmt":"2023-11-27T15:49:14","slug":"shs8-billion-to-boost-onward-lending","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/uganda\/all-news\/shs8-billion-to-boost-onward-lending","title":{"rendered":"Shs8 billion to boost onward lending"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Uganda. <\/strong><\/span><b>Thousands of micro and small businesses and individuals across the country struggling with capital have reason to smile after one of their financiers, Premier Credit Uganda, received a financial boost of Shs8b from Oikocredit, an international cooperative and social impact investor.<\/b><\/p>\n<p>According to Premier Credit Uganda, the partnership that was signed off last week marks a pivotal moment in the company\u2019s mission to empower micro and small businesses across Uganda by providing them with affordable funding solutions.<\/p>\n<p>\u201cThe fund will enable Premier Credit Uganda to extend its lending capabilities to micro and small businesses in Uganda, particularly in the general trade, agriculture, and transport sectors,\u201d the statement read in part.<\/p>\n<p>Adding: \u201c&#8230;will play a vital role in fostering economic growth, job creation, and income generation within the communities served by Premier Credit Uganda.\u201d<\/p>\n<p>The company further noted that the goal of the partnership between the two companies is to ensure sustained support for micro and small businesses across the nation.<\/p>\n<p>\u201cThis commitment reflects the shared vision of both organizations in empowering local entrepreneurs and promoting financial inclusion,\u201d it noted.<\/p>\n<p>In the same statement, Mr Curtis Musembi, Oikocredit\u2019s Investment Manager for East and Southern Africa, said the partnership will enable greater outreach to micro and small businesses in Uganda.<\/p>\n<p>\u201cWe are delighted about this partnership, which is anchored on enabling greater outreach to micro and small businesses in Uganda [as well as] paving the way for job creation and income growth,\u201d Mr Musembi said.<\/p>\n<p>The Premier Credit Uganda Chief Executive Officer, Mr Sammy Kandie, welcomed the support from Oikocredit.<\/p>\n<p>\u201cThe infusion of capital will strengthen our capacity to serve the diverse needs of micro and small businesses in Uganda,\u201d he said.<\/p>\n<p>Mr Kandie said the funds will be allocated responsibly to ensure that they have a meaningful impact on the businesses and communities. \u201cWe pledge to continue growing and also remain committed to providing financial solutions that empower entrepreneurs, stimulate economic growth, and enhance livelihoods across Uganda,\u201d he said.<\/p>\n<p><b>Background<\/b><\/p>\n<p>Oikocredit partners with organisations around the world to support inclusive and sustainable development through providing funding to microfinance, agriculture, renewable energy, and fair-trade sectors.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/uganda\">Uganda<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Uganda. Thousands of micro and small businesses and individuals across the country struggling with capital have reason to smile after one of their financiers, Premier Credit Uganda, received a financial boost of Shs8b from Oikocredit, an international cooperative and social impact investor. According to Premier Credit Uganda, the partnership that was signed off [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":61107,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7],"tags":[233,240,234],"class_list":["post-61108","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","tag-africa-press","tag-africa-press-uganda","tag-uganda"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Shs8 billion to boost onward lending - Uganda<\/title>\n<meta name=\"description\" content=\"Thousands of micro and small businesses and individuals across the country struggling with capital have reason to smi ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/uganda\/all-news\/shs8-billion-to-boost-onward-lending\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shs8 billion to boost onward lending\" \/>\n<meta property=\"og:description\" content=\"Thousands of micro and small businesses and individuals across the country struggling with capital have reason to smi ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/uganda\/all-news\/shs8-billion-to-boost-onward-lending\" \/>\n<meta property=\"og:site_name\" content=\"Uganda\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-27T16:31:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2023\/11\/sm_1701087418.62388.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/shs8-billion-to-boost-onward-lending#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/shs8-billion-to-boost-onward-lending\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Shs8 billion to boost onward lending\",\"datePublished\":\"2023-11-27T16:31:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/shs8-billion-to-boost-onward-lending\"},\"wordCount\":374,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/shs8-billion-to-boost-onward-lending#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2023\/11\/sm_1701087418.62388.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Uganda\",\"uganda\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/uganda\/all-news\/shs8-billion-to-boost-onward-lending#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/shs8-billion-to-boost-onward-lending\",\"url\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/shs8-billion-to-boost-onward-lending\",\"name\":\"Shs8 billion to boost onward lending - 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