July 8, 2026
Financial literacy is necessary, but it is not sufficient on its own.
By: Jonathan Mugalu, Executive Director UGAFODE Microfinance For decades, financial literacy has been viewed as the answer to financial exclusion. The assumption has been simple: if people understand financial products, they will naturally use them. Yet experience in Uganda suggests otherwise. Over the last decade, access to formal financial services has improved significantly. According to […]
July 8, 2026
From Inclusion to Impact: How UGAFODE is Demonstrating the Business Case for Refugee Financial Inclusion in Uganda and Africa
By: Aden Mbaziira (Head Business Generation-UGAFODE Microfinance) Uganda has earned global recognition as Africa’s largest refugee-hosting country, providing safety and opportunity to nearly two million refugees fleeing conflict and instability across the region. Beyond offering protection, Uganda has adopted one of the world’s most progressive refugee policies such as allowing refugees to […]
July 8, 2026
Banking Uganda’s Economy: Unlocking Inclusive Growth Through Financial Inclusion and Digital Finance
Uganda is at a crucial stage in its economic development. Over the past two decades, the country has achieved steady economic growth, expanded digital connectivity, and improved access to financial services. Yet a significant portion of economic activity still operates outside the formal banking system, limiting the country’s ability to fully mobilize savings, expand credit, […]
July 8, 2026
Customer Understanding Stages in Financial Inclusion and Microfinance
Financial inclusion and microfinance represent powerful tools for economic empowerment, particularly for underserved populations. However, the success of these initiatives fundamentally depends on how well institutions understand their customers at different stages of their financial journey. Unlike traditional banking customers, individuals seeking financial inclusion often have limited financial literacy, irregular income streams, and unique cultural […]
