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    The rise and fall of Support Organisation for Micro-cent Development (SOMEDI) microfinance

    June 18, 2019 / No Comments

    My Dad’s best friend, Mr. Joseph Businge, used to own three shops and a restaurant in Masindi town. His wife, Beatrice, was an employee at Support Organisation for Micro-cent Development (SOMEDI) head offices in Masindi. They had five children in school who were very promising. Joseph was a successful man providing employment opportunities to other ten Ugandans working in his small businesses. He owed his success to SOMEDI Microfinance which gave him a small loan, through a group of five friends. In 2008, SOMEDI Microfinance once one of the top Microfinance institutions in Uganda with operations in over eight districts,…

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    M. B. Mugisa

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