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Steadfin

About Us

At SteadFin, we are committed to transforming lives through innovative, quality, and flexible financial solutions. Guided by our motto, “Many Lives, Many Futures,” we empower members with the financial support, knowledge, and opportunities they need to grow and thrive.Established in October 2017, SteadFin is a registered Savings and Credit Cooperative Organization (SACCO) operating under the Uganda Co-operative Societies Act of 1991, the Cooperative Societies Act, Cap 107 and our governing bylaws.
Since inception, we have grown into a leading member-driven cooperative in Africa, built on trust, integrity, and financial empowerment.

Our membership is diverse and inclusive, comprising: current and former U.S. Embassy and SteadFin staff, individuals engaged in gainful economic activities, member-owned groups and companies, as well as cooperative institutions and other approved legal entities.

At SteadFin, we strive to improve our members’ financial well-being through:
• Affordable and accessible credit solutions;
• Financial literacy and empowerment programs;
• Secure savings opportunities;
• Sustainable investment initiatives designed to create long-term value.

We remain dedicated to building stronger futures for our members and the communities we serve.

Our Vision

A thriving SACCO with financially liberated members.

Our Mission

Increase active membership by 100% in 5 years and provide quality and accessible products and services.

Our Values

  • Dynamism
  • Integrity
  • Reliability
  • Transparency
  • Family
  • Ubuntu

SteadFin Organogram

Annual General Meeting(AGM)

The General Assembly is the supreme authority of the SACCO.
Duties and Responsibilities of the AGM.

  • Elects the Board, the Supervisory Board, and the Vetting Committee.
  • Receives and considers reports from the Board and the Supervisory Committee, management, and vetting committee.
  • Approves budget estimates (income and expenditure) proposals presented by the Board at the Annual General Meeting (AGM).
  • Approves the External Auditor
  • Approves the SACCO maximum liability
  • Receives and admits new members

Board Of Directors

The Board is the principal leadership/governance organ of the SACCO and directs the affairs of the SACCO on behalf of its general membership while overseeing the management and making strategic decisions of the SACCO. It is composed of a diverse group of 9 elected members and one co-opted member who have relevant experience and expertise in various fields.

DR. Eric lugada

Chairperson

Ken Odur

KEN ODUR GABELLE

Vice-Chairperson

Akineza photo

AUGUSTINE AKINEZA

General Secretary

DeNNIS NATUMANYA

Treasurer

Were Roger

ROGER WERE

Member

Joyce WANICAN

JOYCE WANICAN

Member

Isaac Lubega

ISAAC LUBEGA

Member

Dorcas K Kaganda

Member

jamadah walusimbi

Member

Board Committees

The Board of Directors has four committees, comprised of Board members who are required to attend meetings of the respective committees on which they serve.

Credit Committee

The Credit Committee supports the Board with setting the strategic direction for the SACCO’s lending operations. This committee oversees the lending and credit functions, and loan servicing operations of the SACCO.

Assets and Liabilities Committee (ALCO)

ALCO serves as a planning unit in terms of resource allocation, and is responsible for aligning the SACCO’s entire portfolio. The Committee reviews the budget as proposed by Management and makes recommendations for the Board’s approval.

Operations, Human Resource and Member Education committee

The Operations, Human Resource and Member Education Committee provides review, guidance, and oversight for SACCO overall operations.

Audit and Risk Management Committee

The audit committee oversees the financial reporting and disclosure process of the SACCO, and is responsible for SteadFin's monitoring operations, choice of accounting policies and principled.

Management team

We have a dedicated team that is committed to serving our members. Our team is made up of experienced professionals in the corporate sector, who are passionate about helping members achieve their financial goals by upholding the cooperative philosophy of people helping people.

Mercy Tumukunde Gava

Chief Executive Officer

Yvonne Bahenda

Head of Operations

Muhammad Ndawula

Head of Finance and Investments

Norah Namwanje

Senior Financial Advisor

Daphine Acano

HR and PR Officer

Julius Opule

Accountant

Daphne Allo

Administrative Officer

Stella Nasirumbi

Financial Advisor

Ronald Muntu

Logistics Assistant