HER Finance is the financial arm for HER WORKING WOMEN, with a primary focus on fostering financial growth, promoting inclusion, and empowering its members.

Vision

A community of women chasing their full potential and making positive contributions to their communities.

Mission

We empower African women through access to education, community, and capital.

Goals

Our goal is to empower women and also focus on sustainable development goals.

  • By fostering a culture of saving and financial discipline among women.
  • Providing accessible and affordable financial services to empower women economically.
  • Facilitating women in making informed financial decisions through education and awareness.
  • Creating investment opportunities for women to enhance their financial well-being.

Our Values

Empowernment

Integrity

Inclusivity

Collaboration

Innovation

Transparency

SACCO Products

Parameters And Guidelines

These give an overview of key guidelines for joining after initial registration and submission of the national identity card (NIN)

  • Must be part of the HER WORKING WOMEN COMMUNITY
  • Of good character and above the age of 18 years

The savings and contribution requirements are broken down as below,

  • Membership fee: A one-time membership fee of 10,000 Ugandan Shillings is applicable upon joining.
  • Weekly savings contribution: members are required to save a minimum of 10,000 Uganda shillings per week.
  • Loan amount will be based on one’s savings, personal assessment, and HER profile and scores attained.
  • Member of the SACCO for the past four (4) months.
  • Member who has saved some money in the SACCO
  • Minimum shares held: Each member must hold a minimum of 5 shares, valued at 10,000 Ugandan Shillings each making it 50,000 as share capital.
  • Average loan period is period is six (6) months.
  • Guarantors: All loans will require 2 guarantors, 1 internal from the Sacco and another external (family member, chairman, and others). Guarantors are to cover the loan amount lent out in case of default.
  • 1% loan interest on a reducing balance basis.
  • Disbursement is within 48 hours from receipt of correctly filled and required attachments included in the loan application.
  • 5% penalty on default computed per month on outstanding principal amount.
  • Member rights are well stipulated in the SACCO BYLAWS and Cooperatives Act.

Growth Opportunities.

Savings leading to wealth accumulation

Loans for investment in business, education, or property

Collective prosperity through shared success.