2.0 % / month
Mechanization loan
3–9 months
Tractor purchase, implement repair, fuel, operating cash for the season.
Who: Tractor owners · mechanics
Loans & savings
Save together.
Borrow against your savings.
NUTOFA is a member-owned savings and credit cooperative. Each member can borrow up to three times their savings balance, guaranteed by two fellow members.
Every loan is voted on by the elected Loan Committee. Every interest rate is published. Every default is recoverable.
The 3× rule
UGX 1.5M
Member ceiling for UGX 500K saved.
Tier 4 Licensed · No. 0435/SC
2,400+ active members
5 working-day approval
3×
Loan ceiling
your savings × 3
0
Working days
to loan approval
0
Loan products
tailored to members
0+
Active savers
across 4 sub-regions
The 3× rule
Your savings set your ceiling.
We keep loan ceilings simple: you can borrow up to three times your savings balance, guaranteed by two members.
That keeps the cooperative solvent and member-owned. Bigger loans mean bigger savings. Every member's ceiling grows with their discipline.
Example · UGX 500K savings
Your savings (1×)
UGX 500,000
Member ceiling (3×)
UGX 1,500,000
Term
Up to 9 months
Guarantors
2 members
Approval
≤ 5 days
Savings products
Four ways to save.
Compulsory savings
UGX 20,000 / month
A monthly habit. Every active member contributes the same. Compulsory savings are the cooperative's base capital.
Voluntary savings
Open
Save above the compulsory floor, anytime, by FlexiPay, Stanbic transfer or office deposit. Voluntary savings count toward your loan ceiling.
Group savings
Pooled
For farmer groups: a group-held savings line that the group can vote to deploy on a service booking, harvest input, or member welfare.
Children's account
UGX 5,000 / month
A long-horizon savings line for school-fee planning, opened in the household name. Withdrawn against the school calendar.
Loan products
Five products. One ceiling.
Hover (or tap) a card to see the rate, term and who it's for. All five obey the 3× ceiling and require two member guarantors.
1.5 % / month
Agricultural loan
5 months · 4 grace
Working capital, timed to planting and harvest. Repaid in a single end-of-cycle payment.
Who: Smallholder farmers
1.0 % flat
Emergency loan
≤ 30 days
Medical · school fees · harvest cash bridge. Quick approval at the office.
Who: All paid-up members
Dealer-financed
Asset financing
Per asset
Structured supplier financing with vetted dealers. 20 % down, harvest-linked repayment.
Who: Tractor & implement buyers
1.0 % flat
Welfare loan
1–3 months
Bereavement · sickness · family emergencies. Group-guaranteed.
Who: Members in good standing
Member voice · Lango sub-region
"Before NUTOFA, my groundnuts went for half price. Now I sell at the proper rate, and I borrow against my savings when school fees come."
Okello James
Member · Loan Committee
Requirements
Six things we check.
Loan vetting is straightforward. The Loan Committee reads every application against these six checks. No favouritism, no shortcuts.
- Three months of unbroken compulsory savings
- Paid annual subscription
- Two member guarantors in good standing
- A clear repayment plan, signed at the office
- Collateral for asset financing (the asset itself)
- No defaulting loan elsewhere in the cooperative
Application journey
Six steps, five days.
From walking in to loan disbursement. Here is how five working days unfold.
- 01Application
Walk into the office or apply via your farmer group. Pick up a one-page loan form.
- 02Vetting
The Vetting Committee reviews your savings record, your annual subs, and your guarantors.
- 03Approval
The Loan Committee approves within five working days for amounts under UGX 1.5 M.
- 04Disbursement
Funds released by Stanbic transfer or FlexiPay. Cashier issues a receipt.
- 05Repayment
Repay on schedule. Interest deducted at source for harvest-linked loans.
- 06Build ceiling
Each on-time repayment expands your future ceiling, up to 3× your savings.
Regulated lender
Savings and credit under a Tier 4 SACCO Licence.
Licence No. 0435/SC issued for 2026 by the Ministry of Finance, Planning and Economic Development. Cooperative registration C/S No. 12109/RCS, externally audited annually, governed by the Co-operative Societies Statute.
Apply