In August 2019, the President of Uganda launched Emyooga, a poverty eradication programme that is part of government’s strategy to transform 68% of Ugandan homesteads from subsistence farming to market-oriented production. The Finance Ministry initially allocated UGX 140 billion seed capital to support youth and women entrepreneurs under the programme, and government has now finalized its allocation to the entire program in the amount of UGX 260 billion.
The money is to be used as a revolving fund to boost entrepreneurs organized in SACCOS spanning 18 categories of Ugandans involved in similar business activities including women entrepreneurs, carpenters, boda bodas, salon operators, taxi operators, restaurant owners, welders, market vendors, youth leaders, Persons With Disabilities (PWDs), produce dealers, mechanics, tailors, journalists, performing artists, veterans, fishermen, and elected leaders. Each SACCO will be required to have a minimum of 30 members to commence.
How to benefit from the startup capital of the programme
- First, ensure that you are engaged in one of the 18 enterprises targeted (above) in this program, then contact your LC1 leader for subscription to a parish association in line with your area of specialization. Ensure that the group you are subscribed to is registered by the District Community Development Officer.
- Each parish association should have between 7 and 30 members enlisted for a particular specialized enterprise. Should the number exceed 30, another group of the same specialized enterprise shall be formed.
- All economically active Ugandans aged 18 and above can benefit from this initiative. However, members under the youth category should not exceed 35 years of age
- Each member of a group will pay membership and subscription fees as agreed upon by the group. Both membership and annual subscription fees payable by each parish association to the constituency SACCO shall not exceed UGX.20, 000/-.
Each member group is eligible to receive 30 million UGX seed capital under the program. The Emyooga initiative is financed by the Ministry of Finance, Planning and Economic Development through the Department of Microfinance. The Microfinance Support Centre Ltd (MSC) is responsible for the planning, management, budgeting, reporting and accountability of all funds disbursed for the programme, including disbursements to the groups.
District Task Forces are charged with mobilizing communities to participate in the programme. The identification of individuals subscribing to a given category or enterprise will be done at the village level with support from the LC 1 leadership.
For more information:
Contact the Microfinance Support Center (MSC): Countrywide offices are open Monday to Friday from 8:00am to 5:00pm.
MSC Head Office: 32 Nakasero Road, Nakasero-Kampala
Tel number: 0312-263 779
Toll free: 0800 201010;
Email: msc@msc.co.ug, customerservice@msc.co.ug, mscletstalk@gmail.com
When are we likely to receive that money because we started this process in early July this year.
Please Contact the Microfinance Support Center (MSC): Countrywide offices are open Monday to Friday from 8:00am to 5:00pm.
MSC Head Office: 32 Nakasero Road, Nakasero-Kampala
Tel number: 0312-263 779
Toll free: 0800 201010;
Email: msc@msc.co.ug, customerservice@msc.co.ug, mscletstalk@gmail.com
I am here in Jinja south East constituency in Jinja central market registerd in the Miyooga Market vendor’s association. My concern is, we have so many of our vendors who have been left out for this program. This arises from the time at which this program came up. This was during the total lock down. Now I ask how are we helping these people. Another issue is how does none savings affect access to these funds. This also, when shall these funds reach wanainch
You have valid concerns. We recommend that you contact the Microfinance Support Center (MSC): Countrywide offices are open Monday to Friday from 8:00am to 5:00pm.
MSC Head Office: 32 Nakasero Road, Nakasero-Kampala
Tel number: 0312-263 779
Toll free: 0800 201010;
Email: msc@msc.co.ug, customerservice@msc.co.ug, mscletstalk@gmail.com
hello, please help me to know.. We have a registerd CBO and we are a group of 25 staff/leaders and registered members but reach and serve over a group of 600 youths in Makindye Division yet we have been operating, Do we also a gain need to comply with this statement “Each member of a group will pay membership and subscription fees as agreed upon by the group. Both membership and annual subscription fees payable by each parish association to the constituency SACCO shall not exceed UGX.20, 000/-.”
Hello Kato. To access these funds, you have to comply with the terms. But, because you have been in service for a long period, it may be better to consult the Microfinance Support Center for more information on your special situation. Contact the Microfinance Support Center (MSC): Countrywide offices are open Monday to Friday from 8:00am to 5:00pm.
MSC Head Office: 32 Nakasero Road, Nakasero-Kampala
Tel number: 0312-263 779
Toll free: 0800 201010;
Email: msc@msc.co.ug, customerservice@msc.co.ug, mscletstalk@gmail.com