Dear Members and Stakeholders,
I wish to begin by thanking the Almighty God for the great favor and grace He has bestowed upon us during this year. I would like to express my heartfelt gratitude to each and every one of you for your unwavering dedication and commitment to advancing financial inclusion throughout this year. Your tireless efforts and passion have been instrumental in driving the association forward, and I am truly grateful for the unique strengths that each member institution brings to the table.
At AMFIU, we firmly believe in promoting responsible finance as a key factor in increasing consumer confidence in the sector. Our collective impact is enriched by the diversity of our members, both large and small, urban and rural, and it is this diversity that gives AMFIU its strength.
This year, we intensified our efforts towards the inclusion of Refugees & Host Communities activities. Through collaborations with UGAFODE Microfinance in financial literacy and business skills development program in Kyangwali refugee settlement, we have made significant strides in advancing financial inclusion for refugees. I would like to extend my congratulations to Rural Finance Initiative Limited (RUFI) for winning the 2024 European Microfinance Award for their outstanding work in this area.
As we navigate challenges such as the recent discussions on capping interest rates, we remain committed to engaging with government and regulators to ensure that laws enacted do not hinder the progress of the microfinance sector. Our lobby efforts have been instrumental in shaping key legislations and policies, and we will continue to dialogue with stakeholders to achieve positive outcomes.
I would also like to extend my sincere appreciation to the AMFIU board members and our development partners for their generosity and commitment to our shared vision. Your support has been instrumental to our success this year, and we are truly grateful for your partnership.
Finally, I wish you all a Merry Christmas and a prosperous New Year 2025. May the holiday season bring you joy, peace, and renewed energy as we continue our collective efforts towards financial inclusion.
Jacqueline Mbabazi
Executive Director