The Franciscan Investment Cooperative Society Ltd (FIC) is situated in Kampala Uganda. It is a multipurpose co-operative which was established and owned by members of St. Francis Chapel Makerere University. The society was established to assist members of St. Francis Chapel – Makerere University, attain economic prosperity. The Chapel founded the Society in line with her vision of establishing a model church that is holistically transformed by bringing about spiritually founded economic transformation of her members.
INCORPORATION
FIC is incorporated in Uganda under the Co- operative Societies Act Cap 112, and domiciles in Uganda.
The Society was launched on 4th October 2010 – under the names: Franciscan Investment Group (FIG). On 4th January 2011, FIG was registered with the Registrar of Co-operatives in the Ministry of Trade, Industry and Co-operatives (MTIC) under the names: Franciscan Investment Cooperative Savings and Credit Society Limited (FIC SACCO), Registration No.9897/RCS. In order to diversify investment, on 7th April 2014, FIC SACCO amended its operations into a Multipurpose Co-operative under the names: Franciscan Investment Co- operative Society Ltd (FIC) under the same registration number.
PRINCIPLE ACTIVITY
The principal activity of FIC is to mobilize savings from members, lend to members and in- vest for members.
Through FIC, members of St. Francis Chapel Makerere, pool resources by savings and investing in shares. The society provides short term and medium-term loans to its members for self-economic development. In addition, the Executive Committee invests the pooled resources in best available investments such as real estate to maximize Return on Investment for members.
OUR VISION
A Prosperous Franciscans (2 Cor 9:10-11)
OUR MISSION
To economically transform each Franciscan sustainably by providing appropriate financial and development related services.
CORE VALUES
- Christ centered holistic development
- Integrity
- Professionalism
- Efficiency in the service of her members.
- Member Centric
OBJECTIVES
- To promote a savings culture in every member.
- To mobilize,train and sensitize every member on financial sustainability
- To create investment opportunities for every member.
- To bring about spiritual and economic transformation for a holistic life of every member.
[widgets_on_pages id=”OUR TEAM”]
BOARD MEMBERS 2021/2024
Name | Position | |
---|---|---|
1 | Mr. Okello Moses Andrew | Chairperson |
2 | Mrs. Susan K Lubaale | Vice Chairperson/Chairperson Human resource, Credit and Operations Committee |
3 | CPA. Robert Kamukama | Treasurer/Chairperson Finance and Investments committee |
4 | Mr. Jimrex Byamugisha | Member/Chairperson Mobilisation and Education Committee |
5 | Mrs. Viola Semyalo | Member |
6 | Mr. Lucky Kwesiga | Member |
7 | Rev, Dr. Cyrus Ssebugenyi | Member |
8 | Mrs. Eunice Tuhumwire | Member |
9 | CPA. Acidri David Onzima | Member |
10 | Mr. Adrapi Emmanuel Ovua | GM/Ex-Officio/Board Secretary |