The last 12 months have been challenging for everybody; individuals, businesses and even large institutions have all been impacted in varying ways. To support individuals and businesses get back on track, dfcu Bank has rolled out the ‘Bounce Back’ campaign. The campaign complements the long standing dfcupromise of ‘Making more Possible’ for Ugandans.
Robert Wanok, dfcu Head of Personal and Business Banking gives more insight into the campaign.
With the ongoing challenges posed by the knock-on effects of the pandemic, dfcu recognises and celebrates the resilience of Ugandans. The ‘Bounce Back’ campaign is about focusing on supporting businesses and individuals to ‘restart and thrive’despite the times. It is a dedicated lending campaign where both individuals and businesses, especially small businesses, will be facilitated with the funding they need to get back on their feet. And that’s not all, they stand a chance of winning back their loan amount to a maximum of UGX 20 million. The campaign will run up to the end of May 2021.
As part of the Campaign we are offering our customers and Ugandans dedicated loans to help them financially get back on track this new year. Individuals, will benefit from our unsecured personal loans to not only take care of things that can’t wait for example school fees, but to also finance and achieve their personal development plans. Our personal or individual customers can expect dedicated loans to help them financially get on track this new year. Individuals, will benefit from our unsecured loans of up to UGX 250 million to not only take care of things that can’t wait for example school fees, but to also finance and achieve their personal development plans. Once your loan application is approved, you will receive funds within 24 hours. If you currently bank elsewhere and would like to move your loan to us, you will enjoy zero arrangement fees, while customers who wish to top up existing facilities will get a 50% discount on the standard loan arrangement fees. We will also support individuals to resuscitate personal long-term projects for example acquiring a new home, improving their home and so much more.
dfcu recognises that small businesses are a major source of employment and livelihood for many Ugandans. During this period, they require support to restock their businesses and sort other urgent working capital requirements. To support them, we will offer dedicated short term small business loans (the dfcu Baraka loan) as low as UGX 2 million and up toUGX 30 million. The dfcu Baraka loan can be accessed within 48 hours upon application and comeswith flexible security requirements – borrowers do not need to have titled property to qualify for the loan.
The larger commercial enterprises have varying financial needs and we will continue to support them with trade finance facilities, working capital solutions, commercial loans and other tailored financing depending on the customer requirements.
dfcu has a strong heritage and has been at the forefront of supporting Ugandans financially with intent to transform their lives. Currently we are well represented across the country and this means that Ugandans at all levels can rely on us to access the funding they need to ‘bounce back’.
We recognise that the effects of the pandemic hit hard in 2020 and will continue to impact individuals and businesses and that’s why our loan offerings have been tailor made to make it easier for customers to access much needed funding. It is for this reason that for the campaign period, we will have monthly draws where any individual or small business that takes a dfcu loan will have a chance to win back their loan amount (up to a maximum of UGX 20 million), for purposes of repaying the loan; in effect customers have a chance to win a loan that they don’t have to pay back. This is one of the ways dfcu is making it possible for our customers to Bounce Back!