Ultra Markets Initiative

The Uganda Markets and Allied Employees Union (UMAEU) has also set up the Uganda Markets Union Savings and Credit Cooperative (SACCO), a member-driven initiative designed to promote financial inclusion and economic empowerment for market vendors and informal workers. Recognizing the challenges of accessing affordable credit and safe savings options, this institution provides a reliable platform for members to save, borrow, and grow their businesses.

Benefits of the Uganda Markets Union SACCO

• Savings Opportunities: Members can save regularly, building a financial cushion for future needs.
• Affordable Credit: Access to low-interest loans for business expansion, emergencies, or personal development for the member SACCOs and vendors.
• Advocacy and Financial Literacy Training: Equip members with the knowledge to manage their finances effectively.
• Member Ownership: As a cooperative, members have a stake in the SACCO, ensuring transparency and accountability.

Tailored Solutions: Financial products designed to meet the unique needs of informal workers, including flexible repayment plans.