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Rural Credit Finance and Neptune Software – Uganda

Rural Credit Finance (RUCREF), a local micro-finance firm, has sealed a sh450m deal with Neptune Software Uganda to integrate orbit banking. “This technology will enable customers to enjoy SMS and e-banking. It will also network all our branches in Bukesa, Kireka, Wobulenzi and Ngoma," Moses Kasasa, the general manager, said in an interview. With the investment, the institution expects to raise the loan portfolio to sh2b in 2010, from sh475m in 2006 and the clientele base to 20,000 by 2013, from the current 6,200.

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