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Mateete SACCO was officially registered in 2002 under the Cooperative Societies Act. To date, Mateete has grown to include six branches spread across western Uganda. The institution’s operations are at the forefront of technology to meet its members’ needs, thanks to the integration of an intuitive mobile banking application that allows members to deposit or withdraw money from anywhere in the country.
With a population of 48 million, Uganda is the third-largest economy in East Africa, after Kenya and Tanzania. After going through a difficult period until the 1980s, the country has achieved impressive economic performance over the last few decades. Uganda managed the post-pandemic recovery well and has remained resilient in the face of global economic challenges. Agriculture remains the backbone of the Ugandan economy, employing 66% of the population, with coffee being one of the main export resources. Despite this positive trend, poverty persists, with 60% of the population living below the global threshold of $3 PPP/day.
Mateete Microfinance Cooperative Trust focuses primarily on creating sustainable financial opportunities for youth and women. The institution encourages small and medium-scale farmers to pool their resources together to provide them with credit facilities. The microfinance program aims to help startup businesses and individual members save and invest their money in special investment programs so they can improve their living conditions.
