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Ugandan GraduatesSACCO

Membership

Become an owner, not a customer.

Membership is open to graduates who want to save with discipline, borrow fairly and share in the ownership of their own financial institution.
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A graduate in a gown with Uganda’s national colours, seated on the Ugandan flag looking towards the future

Eligibility

Who can join

  • Ugandan citizen aged 18 or above
  • Holder of a certificate, diploma or degree from an accredited institution in Uganda or a recognised one abroad
  • Final-year students may join as associate members
  • Willing to save regularly, buy the minimum shareholding and abide by the by-laws

Questions? See the FAQs. Fees are from the UG-SACCO proposal and subject to the registered by-laws.

What you’ll need

  • National Identification Number, verified through NIRA
  • Academic certificate or transcript (or confirmation from your institution if you are a final-year student)
  • A recent passport photograph, captured digitally
  • Next of kin details
  • A mobile money or bank account for transactions

Fees and contributions

Entrance fee (ordinary)
UGX 20,000
One-off, non-refundable
Entrance fee (associate student)
UGX 10,000
Credited toward the ordinary fee on graduation
Share value
UGX 10,000 per share
Shares are capital, transferable within the SACCO
Minimum shareholding
20 shares (UGX 200,000)
Payable in instalments within 12 months, about UGX 17,000 a month
Compulsory monthly savings
UGX 20,000
Can be higher by member choice
Annual subscription
UGX 12,000
Covers member education and services
Corporate member shares
100 shares (UGX 1,000,000)
Graduate-led entities only

Membership categories

Five ways to belong

  • Ordinary member

    Ugandan graduate aged 18 and above

    Vote, stand for office, save, borrow, receive dividends

  • Associate member

    Final-year student in an accredited institution

    Save, train and attend meetings; converts to ordinary on graduation

  • Corporate member

    Graduate-led company, partnership or cooperative

    Save, borrow for enterprise, access clusters

  • Diaspora member

    Ugandan graduate living abroad

    Save, invest and finance enterprises at home; vote electronically

  • Honorary member

    Distinguished persons who support the SACCO

    Advisory role; no vote or credit

The process

How your application is handled

  1. Step 1

    Apply online

    Complete the three-step form. You’ll receive a reference immediately.

  2. Step 2

    Initial review

    The membership team checks your details for completeness.

  3. Step 3

    Verification

    We verify your NIN through NIRA and your qualifications, within five working days.

  4. Step 4

    Fees & shares

    Pay the membership fee and initial share capital through official channels.

  5. Step 5

    Welcome

    Receive your member number and activate the member portal.