Services – SONGA Microfinance

Home Services

Features and services built around the member.

Money that grows while it waits. Credit that arrives when it is needed. And the knowledge to use both well. Three services, no hidden charges, one shared purpose.

Dividends

Members share annually in the profits the fund generates.

──── 01 — Savings Plans

Flexible options with attractive returns.

A Songa savings plan is not a parking space for money. Your balance earns a return while it sits, it builds the borrowing capacity you will one day want, and it entitles you to a share of the profit the fund generates.

Save from UGX 25,000 a month, with no upper limit on contributions
Attractive interest applied to member savings balances
Annual profit-sharing — dividends paid to members, not shareholders
Your savings record directly strengthens your loan eligibility
Contribute by standing order, salary deduction or at the office

Minimum monthly saving

UGX 25,000

Registration (one-time)

UGX 10,000

Profit sharing

Annual dividend

──── 02 — Loans

The funds you need, when you need them, at fair and manageable rates.

Emergencies do not schedule themselves, and opportunities rarely wait. Members in good standing can borrow against their savings record at competitive, low interest — reviewed by the Loan Committee, then disbursed without unnecessary delay.

Emergency credit

Medical bills, school fees, urgent household needs — handled quickly and discreetly.

Business opportunity

Stock, equipment or working capital for the side business that is finally ready to grow.

No Hidden Charges.

Every cost is on the table before you commit.

──── 03 — Financial Education

A loan solves a moment. A habit changes a decade.

We run practical workshops for members and partner organisations on budgeting, savings and investments — the skills that make everything else we offer work harder.

Budgeting clinics

Build a household budget that survives contact with real life — and know exactly where every shilling goes.

Savings discipline

How to make saving automatic, how much is enough, and how to keep an emergency fund intact.

Investment basics

What a sound opportunity looks like, what a scam looks like, and how to tell the difference early.

──── Plan it out

See the numbers before you commit to them.

Move the sliders to sketch a repayment schedule or project where a monthly saving could land. Indicative only — your confirmed terms come from the Loan Committee.

──── How a loan moves

From application to disbursement, without the mystery.

Fast does not mean careless. Every application follows the same four steps, and you will know which one you are on at all times.

Step 01

Apply

Submit your request with the amount, purpose and preferred repayment period. Your savings record does most of the talking.

Step 02

Assessment

The Loan Committee reviews your standing, contribution history and repayment capacity – independently of anyone you know.

Step 03

Terms confirmed

You receive the approved amount, rate and schedule in writing. Nothing is added later. No arrangement surprises.

Step 04

Disbursement

Funds are released promptly on acceptance, and your repayment schedule begins as agreed.

──── Get started

Every service here starts with one thing: membership.

A referral from an existing member, a one-time UGX 10,000 registration fee, and a commitment to save at least UGX 25,000 each month. That is the whole entry price.

Open to

All prospective members are formally recommended and approved by the Executive Committee to ensure alignment with Songa’s values, integrity and financial objectives.