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.
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.
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 in- vesting 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 Invest- ment for members.
Prosperous Franciscans (Duet 28:11)
To economically transform Franciscans by providing appropriate financial and development related services sustainably
- Christ centered holistic development
- Member Centric
- To promote a savings culture in Franciscan community
- To mobilize,train and sensitize members on financial sustainability
- To create investment opportunities to the Franciscan community
- To bring about spiritual and economic transformation for a holistic life
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BOARD MEMBERS 2021/2024
|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||Mrs. Mercy Agaba||BDM/ex-officio/Board Secretary|