Uganda cooperative Alliance Ltd (UCA) is the umbrella body of cooperatives in Uganda. To date there are 540 members, comprising of primary and secondary cooperatives (unions), 380 of which are savings and credit cooperatives. SACCO’s mentored by UCA have 103.565 members with a share capital of 4.324,23 Mill. Shs , savings of 6.684,51 Mill. Shs and outstanding loans of10.158,14 Mill. Shs (1 € = 2542 Shs).

The project "setting up a micro-insurance project" aims at the introduction of a micro insurance product that will be implemented by Savings and Credit Cooperative Organisations (SACCO's).

The overall objective of the project is to mitigate the risks faced by the SACCO members through introduction of appropriate insurance covers managed by the SACCOs themselves.

Specific objectives
• To introduce micro insurance product, a new financial product to the members of the two SACCOs through sensitisation and training.
• To design an effective system that will enable SACCOs implement micro-insurance product in their areas.
• To equip the SACCO staff members with all the required knowledge and skills to manage the administration of micro insurance product.

Main Activities
The following activities will be undertaken;
• Development of a business plan
• Development and execution of a communication strategy
• Development of the insurable products
• Development of procedures and audits
• Preparation of start up/ procedural [...]

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