Local artistes have come out to seek financial support from Savings and Credit Co-operatives Societies (SACCOs) through access to affordable credit.
While attending an induction of members of the SACCOs leaders at Bugolobi Royal Suites in Kampala on Friday, artistes through their coordinator Geoffrey Lutaaya, of Da Nu Eagles, told John Peter Mujuni, the Uganda Microfinance Support Centre(MSC) executive director that they need financial support in form of low-interest loans in order for them to boost their music.
The artistes further asserted that the banks and moneylenders are unwilling to lend them money yet most financial institutions do not consider their concerts as collateral to secure loans.
