Business

Dfcu Bank moves to consolidate its partnership with NGOs

1 Mins read

In a move to grow the entrepreneurial outlook of Non-Governmental Organizations (NGOs), dfcu Bank hosted a breakfast meeting with over 150 current and prospective NGOs at the Imperial Royale Hotel, Kampala.

The meeting provided a platform for Non-Governmental Organisation’s to hear from subject experts and share insights on how to develop an entrepreneurial mindset if they are to remain relevant and sustainable.

According to William Sekabembe, the Chief of Business & Executive Director this calls for putting beneficiaries at the center of programme development; more structure, transparency, accountability and innovation.

“With shrinking donor funding and increasing competition, it is important that NGO’s realign their operations to transition from reliance on grants to becoming social enterprises.

“This change in mindset and ultimately operations will drive sustainability and make them more attractive to financial institutions and give them leverage in negotiating for better financial solutions,” says William Sekabembe.

dfcu Bank introduced its NGO account in 2013 and has revamped its offering to give NGO’s more so they can carry out their operations with ease.

The current customer value proposition includes among others: free account maintenance & activity fees; interest rates of up to 4% p.a on UGX accounts & 1.25% p.a on USD accounts; free internet banking; free access to a third-party & Bulk payments solution and dedicated services points at selected branches across the 66-branch nationwide network.

This is in line with dfcu’s brand promise of making more possible for the sectors it serves and attain its aspiration of becoming a Universal Bank.

Related posts
Business

Experts to Spotlight Innovative Financing at 2nd Annual Financial Symposium for Uganda’s Manufacturers

2 Mins read
Experts have identified innovative and sustainable financing as key to unlocking Uganda’s industrial potential, and it will take centre stage at the…
Business

Media Freedom is a Potential Force for Socio-Economic Transformation - Alupo

1 Mins read
Vice President Jessica Alupo has emphasized the critical role of media freedom in driving Uganda’s socio-economic transformation. Speaking at the opening of…
BusinessTech

Gov’t Rallies Youth to Lead Agricultural Innovation in Shs 222 Million AYUTE Africa Challenge 2024

1 Mins read
State Minister for Agriculture, Hon. Fred Bwino Kyakulaga, has called on Uganda’s youth to take charge of the country’s agricultural transformation by…