Membership structure.
Membership is open to staff, non-staff individuals referred by existing members, and employees from partner organisations.
──── Who can join
Three routes in. One standard of approval.
However you arrive, the same rule applies: you must be recommended, and the Executive Committee must approve you. That is what keeps every member’s money safe.
Staff members
Employees of Songa Microfinance and of the organisations we already work with, joining directly through their workplace.
Referred individuals
Non-staff individuals introduced by an existing member in good standing. Your referrer earns a UGX 5,000 commission when you register.
Partner organisations
Employees of companies that run a Songa member programme, enrolled as a group with salary-linked contributions.
──── How to join
Four steps, minimal paperwork.
We deliberately kept this short. The whole point of Songa is that joining should not be the hard part.
01
Get a recommendation
An existing member in good standing recommends you — or your employer enrols you through a partner programme.
02
Submit your application
Complete the membership form with your details and your referrer’s name. Minimal paperwork, no lengthy documentation.
03
Executive Committee approval
Each application is carefully reviewed to ensure alignment with Songa’s values, integrity standards and financial objectives before approval.
04
Register and start saving
Pay the one-time UGX 10,000 registration fee and begin your monthly contributions. You are a full member from that point.
Start your application
What it costs to join
One-time, non-refundable registration fee
Referral commission
One-time, non-refundable registration fee
UGX 5,000
Operations
Administration and member onboarding
UGX 5,000
Total registration
UGX 10,000
──── Ongoing commitment
UGX 25,000 minimum, monthly
Members must maintain a minimum monthly saving of UGX 25,000 to qualify for loans, investments and profit-sharing. There is no maximum — save more and your share grows with it.
- Qualifies you for member loans
- Qualifies you for investment opportunities
- Qualifies you for annual profit-sharing
Refer a member, earn UGX 5,000
Half of every registration fee goes straight back to the member who made the introduction. Growing the fund is a shared job — so we share the reward.
──── Benefits for members ────
What your membership
is actually worth.
Trust is at the heart of how Songa operates. These are the standards every member can expect and rely on.
Return on investment
Attractive returns on savings and investments, making your money work harder for you.
01
Affordable interest rates
Affordable financing with competitive rates, helping you move forward with confidence.
02
Easy to join
A simple membership process with minimal paperwork.
03
Employers: this costs you nothing to explore.
We build member programmes with organisations across Kampala. Your team gets accessible savings and affordable credit; you get people who are not carrying financial stress into work.
──── Questions, answered ────
Everything members
ask before they join.
Who is eligible to become a member?
Membership is open to staff members, non-staff individuals referred by existing members, and employees from partner organisations. All prospective members must be formally recommended and approved by the Executive Committee to ensure alignment with Songa Microfinance’s values, integrity and financial objectives.
What does it cost to register?
A one-time, non-refundable registration fee of UGX 10,000. Of that, UGX 5,000 is paid to the member who referred you as a referral commission, and UGX 5,000 covers operations. There are no other joining charges.
How much must I save each month?
Members maintain a minimum monthly saving of UGX 25,000 to qualify for loans, investment opportunities and profit-sharing. There is no upper limit — the more you save, the greater your share of the fund’s performance.
How do members earn from their savings?
Members earn dividends from the profits made by the microfinance. Because Songa is member-driven, the returns generated by the pool are shared with the people whose savings created it rather than paid out to external shareholders.
How quickly can a loan be disbursed?
Loan applications are assessed by the Loan Committee and then fast-tracked for disbursement. Easy, prompt disbursement is one of our core commitments — our processes are built to meet genuinely urgent needs without cutting corners on assessment.
Are there any hidden charges?
No. Total transparency is a standing commitment: clear terms, no hidden fees, and what you see is what you get. Every cost associated with a loan or a savings plan is disclosed in writing before you commit to it.
Can my company set up a programme for our staff?
Yes. We partner with employers to give their teams accessible, affordable financial services, enhancing employee well-being and productivity. Contact us and we will walk you through how a partner programme works for your organisation.
Join Songa Microfinance today.
Bring your referral, complete a short form, and start building with people who share your goals.