Making a sustainable impact

The Covid-19 pandemic which caught the world by surprise, has continued to accelerate, causing fatal illness and economic hardship for individuals and organisations alike. The implications of the spread of the pandemic has resulted in widespread socioeconomic disruption, halting supply chains, global trade, the way businesses and organisations access finances and other associated "normal" business activities.

In addition, the global health, economic, and social impacts of the coronavirus pandemic are growing day by day. However, at the Fund we are strongly committed to working together with our stakeholders by supporting each other in every way possible during this critical period filled with fear and uncertainty.

This financial year, the pandemic presented great opportunities for the Fund to actively engage in various CSR initiatives during the crisis, and this will go a long way in catalyzing a new era of CSR development for sustainability.

During the second wave of the pandemic, we reached out to our members who were critically infected with Covid -19 by allowing them to access their money as an invalidity benefit to help them clear huge hospital bills. Added to that, we had a number of Fund firsts; We held the first ever virtual Financial Literacy sessions that were tailored to empower our members with financial knowledge to help them survive during these unprecedented times. We remained relevant to our members using technology to host virtual forums, all aimed to making lives better for our members. These were the Career Expo, Annual Members Meeting to declare the interest rate, Customer Connect Week, Supplier’s Forum, Hi-Innovator launch.

Unfortunately, we were unable to execute some of our annual CSR activities due to the government directive against public gatherings. As such, the famous Friends with Benefits Financial Literacy Campaign, Kampala Seven Hills Hash Run and Kampala Amateur International Volleyball Tournament (KAVC) did not take place.

Corporate Social Responsibility remains integrated into our business strategy and functions. It is core to our purpose, our culture, and how we invest our resources. We focus on issues most relevant to our business and where we believe we can have the greatest impact. These include: Education, Health, Youth and the Disadvantaged.

The Fund has a consistent approach to CSR; Building Partnerships, Good Corporate citizenship and Corporate Philanthropy.