In a move to grow the entrepreneurial outlook of Non-Governmental Organizations (NGOs), dfcu Bank hosted a breakfast meeting with over 150 current and prospective NGOs at the Imperial Royale Hotel, Kampala.
The meeting provided a platform for the NGOs to share insights on how to develop an entrepreneurial mindset in a bid to remain relevant and sustainable.
According to William Sekabembe, the dfcu Bank Chief of Business and Executive Director this calls for putting beneficiaries at the center of programme development; more structure, transparency, accountability and innovation.
“With shrinking donor funding and increasing competition, it is important that NGO’s realign their operations to transition from reliance on grants to becoming social enterprises. This change in mindset and ultimately operations will drive sustainability and make them more attractive to financial institutions and give them leverage in negotiating for better financial solutions,” Sekabembe said.
dfcu Bank introduced its NGO account in 2013 and has revamped its offering to give NGO’s more so they can carry out their operations with ease. The current customer value proposition includes among others: free account maintenance & activity fees; interest rates of up to 4% p.a on UGX accounts & 1.25% p.a on USD accounts; free internet banking; free access to a third-party & Bulk payments solution and dedicated services points at selected branches across the 66-branch nationwide network.
This is in line with dfcu’s brand promise of ‘making more possible’ for the sectors it serves and attain its aspiration of becoming a Universal Bank.