Overview: Kamwokya Youth Development Association (KYDEVA) SACCO Ltd. is a Ugandan, community-based SACCO that was registered in 2009 with the Ministry of Trade, Industry, and Cooperatives under registration No. 8976/RCS. The SACCO’s mission is to provide affordable and accessible financial services to its members, contributing to their economic empowerment and improved household income.
Mission: Our mission is to offer affordable and accessible financial services to our members, enabling economic empowerment and improving household incomes.
Vision: To become a growing and sustainable financial institution in Uganda.
Core Values:
Reliability
Ethics and Integrity
Accountability
Customer-Centeredness
Empowering Communities:
KYDEVA SACCO Ltd. is dedicated to empowering communities across various priority sectors, including:
Business Empowerment
Information Access
Education Empowerment
Health Empowerment
Through the provision of community-based financial services, the SACCO targets both members and non-members, focusing on building their capacities. We support community participation in self-help projects aimed at improving livelihoods, finding sustainable solutions to poverty, and enhancing the overall quality of life for Ugandans.
Guiding Principles:
KYDEVA SACCO Ltd. operates on the principles of self-responsibility, democracy, equality, equity, and solidarity. We emphasize honesty, responsibility, and care for one another. The SACCO is governed by a Board of Directors and management, ensuring sustainability and effective decision-making. Stakeholder involvement is central to achieving the SACCO’s objectives, with well-designed programs benefiting the communities we serve.
Services Offered:
KYDEVA SACCO Ltd. offers a wide range of services to its members, aimed at boosting membership growth and supporting members’ businesses. These services include both financial and non-financial offerings, all focused on improving the incomes of individuals and groups.
Membership Development:
KYDEVA SACCO Ltd. has a total membership of 4,046, which includes youth, women, and men involved in various business activities. Our membership is organized into 108 groups, consisting of individuals engaged in small and micro-business enterprises
2.1. Membership and Enterprise Development
KYDEVA SACCO Ltd. has a diverse membership engaged in various enterprises, including charcoal sellers, chapatti makers, cake bakers, caterers, hairdressers, shoemakers, Boda Boda (motorcycle taxi) groups, welders, food vendors, roadside vendors, and hawkers, among others. These groups provide the SACCO with a solid foundation for growth and serve as a basis for continuous mobilization and community engagement.
2.2. SACCO Share Capital Fund
Over the years, KYDEVA SACCO has built a total share capital of Shs. 245,460,000. This capital has been accumulated through individual and group membership recruitment and share acquisition. Each share has a nominal value of Shs. 10,000.
2.3. SACCO Loan/Credit Services
Through our revolving fund, the SACCO offers affordable credit facilities to its registered members to support their business needs at competitive interest rates. These loan services are available exclusively to fully paid-up and active members. The process involves a well-designed loan appraisal system aimed at promoting membership and business growth, as well as mitigating risks to ensure smooth repayment. Loan offerings include:
Business Loans
School Fees Loans
Asset Financing Loans
Emergency Loans
Agricultural Loans
Housing/Nyumba Loans
2.4. Savings Accounts and Products
KYDEVA SACCO Ltd. offers a variety of savings products to its members, aimed at supporting their financial growth and long-term goals. These include:
Target Savings
Normal Savings