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Partnering to drive innovation & efficiency. Our Journey to Makerere University. Established direct presence by way of a branch in January 2007. We have had a good working relationship with the University since then. We have continued to register business growth since then.
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Our Journey to Makerere University • Established direct presence by way of a branch in January 2007. • We have had a good working relationship with the University since then. • We have continued to register business growth since then. • Following with keen interest developments around the administrative line up at the University.
Out reach since 2007 • University Administration, faculties/depts etc • Academic & Non academic Staff. • Students. • Families & Communities around MUK. • Service providers, hostels/businesses in the neighbourhood.
Current Offering • Basic Commercial Banking Services. • Tuition & other related fees collection • Loan facilities to staff (Auto loans, land loans, salary loans. • Campus plus accounts for students. • Day to day mgt of the relationship by branch team. Most recently • Bridge finance facility • Affordable homes proposal
Local Biz offering Target group 1-5 employees, Turnover 5-100M per month (Annual Turnover 60M-1Bn) The offering has the following subsets; • Import Tax Financing. • Invoice discounting. • Contract Financing. • Commodity Financing. • Business premises acquisition financing. • Revolving lines of credit • Women -In-Business loans (Secured & Unsecured) • Easy Access Accounts • Local Biz current Accounts • Investment Clubs • Fx Savings a/c for staff overseas • Enhanced Young Savers Accounts with Insurance.
Quest for Process & Service improvements from the University Process Improvements • Payment/Expenditure management solutions. • More convenient method of handling tuition & fees payments. • Reduction/centralisation in the number of accounts held. • E-Tax • Electronic Banking/Enhanced reporting functionalities for the bursars office.
Future for the Bank: Investment in Technology • We have commenced the process of migrating to a much more robust IT platform that opens a whole new dimension to the way we will manage and drive dfcu business going forward. • This platform will enable us introduce & launch several new electronic channels previously not possible , which gives us the opportunity to serve MUK better and will offer a whole range of convenience options on a 24 hour basis. These include….Internet banking, Mobile phone banking, VISA cards, SMS banking, Points of Sale etc. • The reporting capabilities of the new IT platform will enable us give MUK a complete view of its business with us and thus gives us opportunity to manage customer relationships better. Immediate benefits to the MUK community will include, • Alternative access/delivery channels • Convenience & savings on time & expenses related to ordinary banking. • E-Solutions: School fees & bill payments
More collaboration with the University Lets walk this journey together over next 4 months & thereafter ride on this for future growth. (Be patient with us for only this period) We would like to build on this relationship and do a lot more business with the University. • Corporate Business. • Letters of credit for imports (Text books) • Infrastructure financing :faculties/halls expansion • Payment of University Suppliers
