Through the Ministry of Finance, Planning and Economic Development, the Government of Uganda is set to support small businesses with funding through the Small Business Recovery Fund (SBRF). The announcement came on 16 November 2021 and is part of the government’s measures to help entrepreneurs recover from the financial distress caused by the COVID-19 pandemic. The Ministry will disburse the SBRF through Participating Financial Institutions (PFI) such as commercial banks, microfinance deposit-taking institutions, and credit institutions, and loan capital of up to UGX 100 million will be available to eligible small businesses.

Small businesses interested in the SBRF should fulfil the following to be eligible to apply:

  • Demonstrate that they were affected by the pandemic but have strong potential for recovery
  • Have between 5 and 49 employees
  • Have an annual business turnover of at least UGX 10 million
  • Businesses receiving financing under the Agricultural Credit Facility (ACF) are not eligible for the SBRF

The terms and conditions of SBRF are set up to help ensure business owners are accessing the capital at affordable rates – PFIs are limited to charging interest at a rate of not more than 10% per annum on a reducing basis and one-time facility fees shall not exceed 0.5 of the total loan. The borrowing business shall bear all other costs incurred in acquiring the loan amount, such as the cost of legal documentation, insurance fees, and registration costs, as applicable. Borrowing businesses will be given a minimum of 6 months and a maximum of 4 years to repay the loan, including a one-year grace period depending on the nature of the project and to be decided upon by the borrower and PFI. Collateral requirements will be determined by the PFI.

For more information about the SBRF, contact the Ministry of Finance, Planning and Economic Development at or the Bank of Uganda at