Where Cooperatives financing meets passion
We are pioneers in supporting visionary cooperatives from underserved regions. We have a firm belief in those who are dedicated to fostering enduring success in their cooperative ventures through our loan offerings.
Fanaka Finance Limited (FFL) is a registered company limited by shares. The company was registered in 2017 to provide a variety of impact-driven financial solutions to cooperative MSMEs and their members.
FFL is currently wholly owned by the Uhuru Institute for Social Development (TUI), a Ugandan-rooted social enterprise that promotes and applies the cooperative business model for inclusive social and economic transformation. TUI started FFL to actualize her goal of increasing access to affordable financial solutions for integrated cooperative businesses.
The actual spark for TUI was a civic responsibility training in which a group of 13 distraught boda-boda riders who had long worked for their masters, earning very meagre incomes with little or no hope of ever owning their own motorcycles, got an awakening that being a part of a cooperative would be a solution to their poor socio-economic situations.
Wealthy and resilient Cooperative Communities powered by a mission of providing customised financial solutions for the business competitiveness of integrated cooperatives and their members.
We are regulated by the UMRA (Uganda Microfinance Regulatory Authority) under license No. 2013 ML
We are an insurance service provider for life and general insurance packages. We are an insurance agent under UAP Insurance and regulated by the Insurance Regulatory Authority under Licence No. IA/0526/2021
Our invaluable collaborators who make our vision possible. Get to know the organizations and individuals who share our commitment to making a positive impact in our communities and beyond.