How dfcu Bank is powering Uganda’s asset possession revolution and unlocking financial doable in Uganda
COMMENT | GLORIA SSUUNA NAMUTEBI | In this day’s financial system, owning a productive asset—a car, a bike, or part of machinery—is extra than a comfort. It’s a catalyst for monetary independence, enterprise bid, and generational wealth. At dfcu Bank, we perceive this deeply. That’s why our Automobile and Asset Financing (VAF) offering is extra than a product. It’s a reach for national development.
For over six a long time, dfcu Bank has led Uganda’s leasing and asset financing landscape, unlocking designate for entrepreneurs, SMEs, and company customers. Our legacy is rooted in creating fetch entry to to tools that plod goods, increase livelihoods, and transform businesses.
As we lisp time, we are taking that mission extra.
Inclusive by Assemble, Affect by Default
Traditionally, asset finance turned into as soon as seen as the withhold of spacious companies or high-income earners. dfcu Bank challenges this record. Our VAF proposition is constructed for all americans, from salaried mavens and SMEs to informal sector gamers address boda-boda riders, market distributors, and traders. We assess now not upright former payslips nonetheless different income streams, recognizing that financial job in Uganda is diverse, informal, and dynamic.
By opening the door to those historically excluded from mainstream financing, we are likely to be now not upright offering loans—we are unlocking different.
Whether it’s a boda rider financing a brand new bike, a farmer acquiring a 2nd-hand pickup to plod invent, or a logistics SME rising its mercurial, we are enabling Ugandans to invest in tools that possess income, carry out fairness, and power prosperity.
Tailored Alternate choices for Uganda’s Money Flows
Our monetary institution provides a stout suite of financing alternate choices designed to fulfill our customers where they are:
- Asset Finance/Loan: Narrate financing for vehicles and tools, top possible for folks and micro-businesses.
- Finance Lease: Excellent for businesses seeking to utilize income-producing belongings without spacious upfront prices.
- Insurance Top fee Financing (IPF): Enables customers to spread insurance funds over time, ensuring uninterrupted protection.
All of us know cash plod at the side of the stream isn’t repeatedly monthly, which is why we supply versatile reimbursement terms to align with our customers’ earning cycles. Whether you’re a teacher with a side hustle, a mechanic with weekend gigs, or an agribusiness that earns put up-harvest, we comprise now got a realizing that fits your world.
Immediate, Easy, Empowering
Having access to dfcu’s VAF solution is deliberately easy due to the our increase goes previous the transaction.
We reduction customers source legitimate vehicles, building sustainable repayments, and even finance their insurance, thus creating a stout ecosystem of asset empowerment.
Cause in Circulation
Our slogan, “Going Extra Together,” and cause, “Reworking Lives and Firms in Uganda,” come alive at any time when a dfcu-financed truck moves goods in some unspecified time in the future of districts or a first-time car proprietor beats the percentages and builds a brand new existence.
Automobile and Asset Financing is dfcu Bank’s strategic response to the wants of a growing, ambitious Uganda. It’s how we flip needs into power, side hustles into enterprises, and drag into momentum.
****
Gloria Ssuuna Namutebi is the Senior Supervisor, Automobile & Asset Finance, dfcu Bank
