Angels Compassion Savings and Credit Co-operative—SACCO (registration number: 3610/RCS) provides financial services to 10,000 households of which 40% are women, and 30% are youth in rural southwestern Uganda. Most of our beneficiaries come from poor backgrounds and have no access to start-up loans from formal banks due to lack of securities/mortgages. Our micro credit beneficiaries include:
- Women, who compared to men, are mostly hit by chronic poverty, are more illiterate and are most involved in unpaid work, experience gender-based violence, and lack are financially excluded due to lack of collateral security required to access credit from convectional banks.
- Smallholder farmers who constitute over 85% of the Ugandan farmers; majority of these smallholder farmers are women and youth who cultivates on less than 2.0 ha of customary owned land. They lack access to credit services, and spend less $2.5 a day. Using traditional farming, many of them grow cereals at a subsistence level, yielding between 0.9 and 1.8 tons per ha.
- Trainees of Angels Compassion who after training in income generating require financial assistance to help them start their own Income Generating Activities (IGAs) after training.
- Unemployed youth given that over 70% of the youth are in Uganda.
Angels compassion SACCO has a well-established women-dominated human resource structure (55% women) including Annual General Meeting (AGM), and Board of Directors for strategic decision making, and Management Team (Credit Committee, and Audit Committee). This team works with talented, self-motivated, results-oriented, vibrant, and competent professionals including Credit Officers, and Finance Administration Officers.