About us

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.