As a champion of women in business, dfcu Bank’s collaboration with UWEAL underscored its long-standing legacy of empowering female entrepreneurs in Uganda. The Bank has supported Ugandan women entrepreneurs for the past 60 years through initiatives like the Women in Business (WiB) program, the Government of Uganda’s GROW Loan, and the Rising Woman competition.
Dfcu bank
With the GROW loan, Ruth purchased fertilizers to boost her crop yields and completed her rental units, which now generate rental income. This additional revenue stream has not only enabled Ruth to repay her loan but has also provided her family with financial stability. For Ruth, the GROW loan was more than just financial support—it was a catalyst for new opportunities and renewed confidence.
Gillian’s dream doesn’t stop with her farm supply store. She envisions expanding her business to become a leading supplier of agricultural products in Rubanda District. She also aims to start importing fertilizers and securing large tenders to supply farm inputs across Uganda.
At the prestigious Qorus Reinvention Awards – MEA 2024 in Dubai, dfcu Bank was recognized for its groundbreaking approach to digital finance. Among nearly 700 global entries, dfcu Bank emerged as a winner, taking home Gold in the Distribution award category for its Investment Club App.
Muhawiyah Mukasa, a standout winner of the 2023 Best Farmers Competition, is redefining rabbit farming and dragon fruit cultivation in Uganda on his farm, Kapeeka Agro and Livestock Farm (KALF). Located in Kapeeka, the farm has risen as a beacon of innovation, youth entrepreneurship, and dedication to community empowerment.
As one of the implementing Financial Institutions of this project, dfcu Bank enters into GROW with the legacy of supporting women entrepreneurs throughout our exixtence in Uganda.
A moment of camaraderie between the Vice President of Uganda, Maj. (Rtd) Jessica Alupo and Charles Mudiwa, dfcu Bank’s CEO, following a meeting to strengthen partnerships and align on key initiatives
The GROW Loan is designed specifically for women in business who are looking to expand and strengthen their enterprises. The initiative addresses the unique challenges faced by women entrepreneurs, offering them not just financial assistance but also the mentorship and business development training necessary for long-term success.
Through the Agribusiness Development Center (ADC), dfcu Bank has so far trained more than 800 enterprises and linked over 3,000 smallholder farmers to financiers with $17.2 Million worth of credit linkages
In this interview, we learn about dfcu Bank’s latest promotion that allows customers to pay their utility bills at no cost. Dubbed ‘Rates Paka Chini’, this initiative aims to ease customer expenses and support the local economy by encouraging seamless payment processes. Annette Kiconco, the Chief Retail Banking Officer at dfcu Bank, talks about more about the promotion in this interview