Annette Kiconco – dfcu’s Chief Retail Banking Officer
dfcu Bank, a cornerstone of Uganda’s financial landscape with a 60-year legacy rooted in development finance, has launched its latest business lending campaign aimed at empowering small and medium enterprises (SMEs) across the country. This initiative is a clear demonstration of dfcu Bank’s unwavering commitment to transforming lives, businesses, and communities through tailored financial solutions that cater to the unique needs of various business sectors.
Speaking about the campaign, Annette Kiconco – dfcu’s Chief Retail Banking Officer remarked, “At dfcu Bank, we recognize the pivotal role that SMEs play in driving Uganda’s economic growth and creating jobs. Our business lending campaign is a testament to our commitment to providing these enterprises with the financial tools they need to succeed. By empowering SMEs, we are not just supporting businesses—we are investing in the prosperity of the communities they serve.”
The campaign features a broad array of financing solutions under dfcu Bank’s Enterprise and Commercial Banking segments, including:
Working Capital Finance: Tailored loans such as Baraka Loans, Business Growth Loans, and Commercial Loans designed to fuel business expansion.
Trade Finance: Options like Invoice Discounting and LPO Financing to help businesses effectively manage their cash flow.
Commercial Property Finance: Solutions for businesses looking to invest in or expand their commercial real estate holdings.
Asset Finance: Favorable terms for purchasing new and used vehicles, as well as equipment, with minimal contribution requirements.
Insurance Premium Finance: Complementary financing with highly discounted rates through dfcu Bank’s Bancassurance services.
dfcu Bank is also offering its customers several incentives, including reduced arrangement fees—zero fees for buyouts, and as low as 0.5% for amounts above UGX 1 billion. The bank also promises swift turnaround times, with credit decisions made within four days for new customers and two days for repeat or top-up borrowers. Additionally, the campaign includes attractive asset finance sweeteners, such as low contribution requirements for new and used vehicles and zero arrangement fees for insurance premium financing.
The business lending campaign will support businesses by providing them with affordable business loans to finance short and long-term business needs – in line with the company’s purpose of Transforming Lives and Businesses in Uganda.
