Business 10 September 2026 Nile Post
Microfinance Support Centre Loans Empower Luwero Youth and Farmers
The Microfinance Support Centre (MSC) is providing vital affordable credit to youth groups and farmers in Luwero District, enabling business growth, job creation, and improved agricultural practices. Source: https://nilepost.co.ug/news/370210/microfinance-support-centres-cheap-credit-helps-luwero-youth-farmers-turn-fortunes
Limited access to affordable financing has long been a significant hurdle for economic progress among young people and farmers in Luwero District. However, the Microfinance Support Centre (MSC) is now transforming these challenges into opportunities through accessible credit.
One notable success story is the Zebra Metal Workshop Youth Group. Founded in 2017, the group initially struggled with insufficient capital. After securing loans from MSC, they have expanded their operations in metal fabrication, glass works, and construction, significantly increasing their membership from 23 to 94. Yusuf Ssekamatte, a founder, highlighted that the latest loan of Shs50 million allowed them to purchase essential equipment and boost their working capital, enabling them to train over 500 young individuals, with many finding employment locally and abroad.
“My humble request to the Government is to increase the current maximum of Shs50 million, at least to Shs100 million, and to put more trust in us,” Ssekamatte urged, emphasizing the group’s commitment to timely repayment.
Similar positive impacts are seen among farmers in Zirobwe, benefiting from the Local Economic Growth Support (LEGS) project facilitated by SAO Zirobwe SACCO. With MSC’s support, the SACCO acquired a tractor, significantly reducing land preparation costs for farmers. Ritah Nansitu Ssebutinde, manager of SAO Zirobwe SACCO, stated that MSC’s affordable credit, extended through various loan products, has helped members establish and expand businesses, leading to increased household incomes.
The tractor, for instance, is now available to farmers at Shs120,000 per acre, a considerable decrease from the previous Shs180,000 charged by private operators. This affordability is aiding farmers in transitioning from subsistence to commercial agriculture. The MSC’s role extends to capacity building, equipping beneficiaries with financial management and enterprise development skills before loan disbursement. Interest rates as low as 8% annually are offered, fostering savings, investment, and job creation.