Stanbic Bank Uganda has launched the ‘Oli In Charge’ campaign, a nationwide initiative aimed at providing affordable and accessible financing solutions for both salaried and self-employed Ugandans to help them achieve personal and business financial goals.
Speaking at the launch, Israel Arinaitwe, Head of Personal Banking at Stanbic Bank, said the campaign is designed to support customers with key needs such as paying school fees, growing businesses and financing side hustles, in line with the bank’s purpose of driving Uganda’s growth.
“Whether you are a young professional, a woman running a small business, a farmer scaling production, or a family planning for generational wealth, this campaign is for you,” Arinaitwe said, adding that Stanbic is committed to walking the growth journey with its customers.
Under the campaign, salaried customers can access unsecured loans of up to Shs350 million, with flexible repayment periods of up to 120 months. The loans are available in under two minutes via the Stanbic App or *290# USSD, at discounted interest rates of 17 percent for personal loans. Customers can also access interest-free cash advances of up to Shs5 million.
Self-employed customers, particularly farmers, can access unsecured loans of up to Shs250 million, with interest rates starting from 10 percent per annum, targeting key agricultural value chains such as coffee, cocoa, palm oil and sugarcane.
Melisa Nyakwera, Head of Commercial Banking, highlighted a partnership with Fincom Technologies, developers of the SchoolPay platform, which allows private schools to access pre-approved financing of up to Shs1 billion directly through the platform, aligned to their cash flows.
She said the bank is also offering tailored business financing solutions, including invoice and contract financing of up to $1.5 million, across various sectors.
Beyond financing, Laban Mutebi, Stanbic Bank’s Personal Insurance Manager, said the campaign integrates insurance solutions to protect customers’ financial progress. Home loan customers will automatically receive Mortgage Life Protection, covering outstanding balances in the event of death, critical illness or permanent disability. Customers opening an Investa Plus account also stand a chance to receive an instant Shs50,000 deposit toward their child’s education plan.
Sam Bulenzi, Head of Coverage at Stanbic Bank, encouraged customers to leverage the bank’s digital platforms for fast and seamless access to services, noting that the campaign prioritizes inclusion of women, youth and farmers.
The ‘Oli In Charge’ campaign will run through the back-to-school season and beyond, offering Ugandans financing, investment and insurance solutions to take greater control of their financial futures.