The statistics show that the “others category” in which SMEs and individuals are classified contributed only 9.9 percent2 of investments in Uganda government securities at face value as at June 2015. This is in contrast to a share of 44.5 percent, 34.3 percent, and 11.3 percent of commercial banks, pension & provident funds, and offshore players, respectively.
The impetus for social banking can come from two approaches – one of them being through legal and regulatory requirements. This approach could, however, result in social banking being pursued only from a compliance perspective. The other alternative, which holds greater promise, requires a realisation by market players that social banking could be a viable business proposition.