25/06/2026
Buyanja SACCO Unveils New Loan Products to Expand Financial Inclusion and Empower Members
Rukungiri, Uganda – Buyanja Co-operative Savings and Credit Society (Buyanja SACCO) has taken another major step in strengthening financial inclusion with the official launch of its newly rebranded BUSACCO Bodaboda Loan alongside three additional innovative credit facilities aimed at meeting the diverse financial needs of its members.
The launch event, held at the SACCO offices in Rukungiri on Thursday 18th June 2026, brought together members, staff, community leaders, transport operators and other stakeholders to witness the unveiling of loan products specifically designed to improve livelihoods, promote entrepreneurship and provide timely financial solutions.
The highlight of the event was the launch of the newly enhanced BUSACCO Bodaboda Loan, a product tailored to enable boda boda riders and transport entrepreneurs to acquire motorcycles, expand their businesses and ultimately achieve financial independence.
Speaking during the launch,The General Manager, Ms.Olive Nayebare, said the redesigned loan product was developed after carefully listening to the needs and challenges faced by riders in accessing affordable credit."Many boda boda operators struggle to secure financing because of limited collateral and irregular income patterns. We have designed this facility with flexible repayment terms that reflect the realities of their daily earnings while keeping interest rates affordable," she said.
She noted that the product is intended to help riders transition from motorcycle hiring arrangements to full ownership, allowing them to build sustainable businesses and improve household incomes.
Ms.Olive further explained that application procedures have been simplified to ensure members access financing quickly, while repayment schedules have been structured to reduce financial pressure on borrowers.
Recognizing that members have different financial needs, Buyanja SACCO also introduced three additional loan products aimed at supporting youth, salaried employees and members requiring emergency financial assistance.
Youth Loan – Emiyento Tutungukye
One of the flagship products launched is the Youth Loan (Emiyento Tutungukye), specifically designed to empower young people to start or grow income-generating activities.The facility offers loans ranging from UGX 100,000 to UGX 1,000,000 without requiring collateral security, making it easier for youth with viable business ideas to access affordable financing.The product is expected to support entrepreneurship, create employment opportunities and encourage financial independence among young people.
Salary Loan
The newly introduced Salary Loan targets employees whose salaries are processed through Buyanja SACCO.The facility provides quick and convenient access to credit for salaried members, enabling them to meet personal and family obligations without waiting for month-end income.
Emergency Loan
Understanding that unexpected financial emergencies can arise at any time, Buyanja SACCO also launched the Emergency Loan, offering members fast access to funds for urgent needs such as medical expenses, school fees and other unforeseen circumstances.
Overdraft Loan
To improve financial flexibility for members and businesses, the SACCO also introduced the Overdraft Loan Facility, allowing eligible members to access short-term working capital whenever temporary cash flow gaps arise.
The introduction of these products reflects Buyanja SACCO's commitment to designing financial solutions that respond directly to the everyday realities of its members.
Whether supporting a boda boda rider seeking motorcycle ownership, a young entrepreneur starting a business, a salaried employee managing monthly expenses, or a member facing an unexpected emergency, the new products provide accessible, affordable and practical financing options.
The launch is part of Buyanja SACCO's broader strategy of expanding access to affordable financial services while strengthening the economic well being of individuals, families and communities.By reducing barriers such as stringent collateral requirements, introducing flexible repayment schedules and maintaining competitive interest rates, the SACCO continues to position itself as a trusted financial partner for people across the region.
Buyanja SACCO remains committed to empowering its members through innovative financial products, excellent customer service and sustainable economic solutions.
Members are encouraged to visit any Buyanja SACCO branch to learn more about the newly launched loan products and determine which facility best suits their financial goals.
Buyanja SACCO – Empowered Through Saving.
