• Latest
UDB Launches new Strategy to allow Youths, Women, SMEs Access to Financial Credit

UDB Launches new Strategy to allow Youths, Women, SMEs Access to Financial Credit

4 years ago
Rev. Canon Prof Dr Grace Lubaale Elected 4th Bishop of Busoga Diocese

Rev. Canon Prof Dr Grace Lubaale Elected 4th Bishop of Busoga Diocese

1 hour ago
Uganda, Russia Solidify Strategic Partnership After Successful Commission Meeting

Uganda, Russia Solidify Strategic Partnership After Successful Commission Meeting

1 hour ago
Museveni Kicks Off West Nile Campaign Tour, Urges Political Unity

Museveni Kicks Off West Nile Campaign Tour, Urges Political Unity

2 hours ago
Museveni: Uganda Now Enjoys ‘Longest Period of Peace in 500 Years’

Museveni: Uganda Now Enjoys ‘Longest Period of Peace in 500 Years’

2 hours ago
Police Arrest ASP Clive Nsiima Over Assault on Shell Supermarket Attendant in Kyanja

Police Arrest ASP Clive Nsiima Over Assault on Shell Supermarket Attendant in Kyanja

7 hours ago
Justice Aisha Naluzze Batala Appointed New IGG

Justice Aisha Naluzze Batala Appointed New IGG

15 hours ago
SoftPower News
Wednesday, October 8, 2025
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
    • Fashion
  • Regional
    • Kenya
    • Rwanda
    • Tanzania
    • Burundi
    • South Sudan
    • DR Congo
  • Defence & Security
  • Sport
  • Entertainment
  • More
    • Agriculture
    • Africa
    • Columnists
    • Education
    • Health
      • COVID-19
    • International News
    • News in Pictures
    • OpEd
    • Pearl Of Africa
    • People
    • Politics
    • Special Reports
    • Women
No Result
View All Result
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
    • Fashion
  • Regional
    • Kenya
    • Rwanda
    • Tanzania
    • Burundi
    • South Sudan
    • DR Congo
  • Defence & Security
  • Sport
  • Entertainment
  • More
    • Agriculture
    • Africa
    • Columnists
    • Education
    • Health
      • COVID-19
    • International News
    • News in Pictures
    • OpEd
    • Pearl Of Africa
    • People
    • Politics
    • Special Reports
    • Women
No Result
View All Result
SoftPower News
No Result
View All Result
Home News

UDB Launches new Strategy to allow Youths, Women, SMEs Access to Financial Credit

by Nixon Segawa
December 15, 2021
UDB Launches new Strategy to allow Youths, Women, SMEs Access to Financial Credit
8
VIEWS

The Uganda Development Bank Ltd (UDBL), the country’s national Development Finance Institution, has announced offers exclusive to the institution aimed at holistically addressing the growth of the Youth, Women and SMEs.

Complementary to its specialized credit offering to these segments, will be the Business Accelerator program that aims to assist enterprises to formalize as well as professionalize their operations thereby ensuring sustainable businesses.

Related Stories

Pesapal, Pezesha Launch Data-Driven Credit Pilot to Support SMEs

Zimbabwean Prof Mutambara Urges Africans to Become Creators, Not Just Consumers, in AI Revolution

BoU Governor Atingi-Ego Calls for Robust, Innovative Development Banks to Finance Africa’s Future

The offerings which are representative of the heart of growth, job creation and entrepreneurship in the country include the Kazi SME Loans, Youth Step-Up Loans and the Women Prosper Loans.

The Bank’s BASE (Business Accelerator for Successful Enterprises) looks at addressing the demand side challenges of access to credit faced by the three segments.

“These offerings re-affirm our position as a Bank for the sustainable and socio-economic development of Uganda. Our aim is to offer a definitive end-to-end solution for the growth and sustainability of business in the Youth, SME and Women-led business segments, which are the new engines of development in Uganda especially during this time when the country is looking towards the much-needed economic recovery,” said Patricia Ojangole, the Managing Director of UDB.

Ojangole said that in order to address some of the critical constraints to access to credit, the Bank will implement more accommodative arrangements on cost of credit, collateral requirements, equity contributions, simplified loan processing and requirements among others.

Ojangole explained that to ensure scaling up of entrepreneurship and sustainability of the businesses, all qualifying businesses will benefit from UDB’s tailored offer that provides advisory services, now referred to as BASE.

On flexible collateral arrangements for example, land agreements can be used. The use of land agreements, the Bank explained, is to make the offer accessible to majority of Ugandans for whom land is the most available security.

“In practice for example UDB will rely on a simple agreement such as a sales agreement or even advance loans on customary title while helping an applicant process the land by surveying and titling the land,” Ojangole noted.

SMEs, Women and Youth were identified in the Bank’s strategy as cross cutting issues in the sectors served by the Bank. Those that will therefore benefit are those doing business in the sectors supported by UDB to include Hospitality, Tourism, Human Capital Development, Agriculture and Manufacturing.

The youth in Uganda form 77 per cent of Uganda’s population however 70 per cent of the segment is unemployed while 65 per cent of persons engaged in business are women. Yet, 90 per cent of the private sector is small businesses which contribute over 80 per cent of manufactured products and 75 per cent of Gross Domestic Product.

“The statistics above are an exhibition that these segments are pivotal for the country’s development, and they lie at the core of UDB’s purpose of improving the quality of life of Ugandans,” Ms Ojangole said.

UDB plans to roll out the program in all the regions of the country as part of an expansion plan of the Bank’s presence.

Tags: Patricia OjangoleSMEsUDBUganda Development Bank

Recent Stories

Rev. Canon Prof Dr Grace Lubaale Elected 4th Bishop of Busoga Diocese

Uganda, Russia Solidify Strategic Partnership After Successful Commission Meeting

Museveni Kicks Off West Nile Campaign Tour, Urges Political Unity

Museveni: Uganda Now Enjoys ‘Longest Period of Peace in 500 Years’

Police Arrest ASP Clive Nsiima Over Assault on Shell Supermarket Attendant in Kyanja

Justice Aisha Naluzze Batala Appointed New IGG

SoftPower News Logo

SoftPower News is a subsidiary of SoftPower Communications LLC, a Ugandan digital media group. Keep posted of the latest from Uganda and East Africa.
Plot 4B Malcolm X, Kololo
P.O Box 1497, Kampala - Uganda
Tel: +256-392-001-701
Email: info@softpower.ug

This news site is licenced by Uganda Communications Commission (UCC)

ADVERTISEMENT
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
  • Regional
  • Defence & Security
  • Sport
  • Entertainment
  • More

© SoftPower News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

error: Content is protected
No Result
View All Result
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
    • Fashion
  • Regional
    • Kenya
    • Rwanda
    • Tanzania
    • Burundi
    • South Sudan
    • DR Congo
  • Defence & Security
  • Sport
  • Entertainment
  • More
    • Agriculture
    • Africa
    • Columnists
    • Education
    • Health
      • COVID-19
    • International News
    • News in Pictures
    • OpEd
    • Pearl Of Africa
    • People
    • Politics
    • Special Reports
    • Women

© SoftPower News

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?