All ACF loan applications are channelled through the PFIs. The PFIs analyse the loan requests as per their credit policy to ensure that only eligible projects are financed. The PFIs disburse their own funds to eligible projects and subsequently request for re-imbursement of the GoU contribution from BoU.
- The client forwards his/her loan application to any PFI of his/her choice.
- The PFI will then advise him/her on the terms under the ACF.
- A detailed bankable project proposal/feasibility report may be required by the PFI (depending on the loan amount applied for).
- Issues to do with the security/collateral will be negotiated with the client’s PFI/bank and not with BOU.
- If the Loan application meets the requirements of the ACF, then the PFI will forward the application to BOU on behalf of the client for approval.
- BoU reviews the application for compliance in accordance with the guidelines governing the administration of the scheme;
- On approval by BoU, the PFI will disburse the funds to the client and request BoU for a re-imbursement.
Participating Financial Institutions (PFIs)
The ACF is currently being implemented by the following Financial Institutions:
DFCU Bank, Stanbic Bank, Centenary Bank, Barclays Bank, Bank of Baroda, Orient Bank, Standard Chartered Bank, Diamond Trust Bank, Kenya Commercial Bank, Uganda Development Bank, Crane Bank, Mercantile Credit Bank, Housing Finance Bank, Opportunity Bank, Post Bank, Tropical Bank and Bank of Africa, ABC Capital Bank Limited, Citibank Uganda Limited, Commercial Bank of Africa Limited, Ecobank Uganda limited, Equity Bank Uganda Limited , Finance Trust Bank Limited, Guaranty Trust Bank (Uganda) Limited , Imperial Bank (Uganda) Limited, United Bank for Africa (Uganda) Limited, Pride microfinance, and Finca Uganda Ltd