By James Odomel
and Esther Nandekya
The micro-finance industry will be boosted following the addition of a new member, Oikocredit-Uganda.
The Association of Micro Finance Institutions of Uganda’s (AMFIU) president, Dorothy Bbosa, said this while presiding over the launch of the institution, at Hotel Africana in Kampala recently.
“As we observe the 2005 UN International Year of Micro Credit, it is encouraging to see partners like Oikocredit coming up to support this global anti-poverty partnership,” Bbosa said.
She said Oikocredit would offer services to all formal and semi-formal institutions.
Bbosa said the mission and vision of AMFIU tally with Oikocredit’s.
AMFIU comprises over 120 members and 20 associate ones.
She said Oikocredit’s launch is timely because of the changes in the micro-finance industry.
Bbosa said Oikocredit had signed a contract recently to provide financial resources to MED-Net to facilitate its growth.
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