Ruth Asasira Joins Dfcu Bank as Manager Women in Business & Special Programs.

Ruth Asasira

Ruth Asasira has been appointed as Manager Women in Business and Special Programs at dfcu Bank. Ruth has 12 years of experience in the financial services sector, and is a dynamic microfinance practitioner, certified financial literacy trainer, with experience in product and business development. She is passionate about Youth and Women Empowerment and has previously developed and implemented Women and Youth led financial inclusion projects.

Ruth Asasira

She joins dfcu Bank from Opportunity Bank where she served as the Segment and Product Manager- Microfinance for a period of (4) year. Prior to that, she worked at Finance Trust Bank as the Product Supervisor -Agriculture Finance and Regional Supervisor. Ruth started off her career at Pride Microfinance as a Credit Officer.

She holds a Bachelor’s Degree in Agribusiness Management from Makerere University and a Post Graduate Certificate in Projects Planning and Management from the same campus.

dfcu Bank’s Women in Business Program was set up in 2007 to help women entrepreneurs overcome the challenges they face as they set up and grow their businesses. The Program supports businesswomen with training, networking opportunities, preferential borrowing rates, and mentor programmes.

It should be remembered that Dfcu was established in 1964 as a development finance institution. Over the years dfcu has been associated with many success stories in Uganda’s economy in various sectors including agribusiness, communication, education, health, manufacturing, tourism, real estate, mining, construction, transport, trade and commerce, among others.

It has also achieved Key Milestones starting with 1999 when it bought Uganda Leasing Company and renamed it dfcu Leasing.

Other achievements include buying Global Trust Bank, which was renamed dfcu Bank, and started commercial banking.

In 2004, dfcu Limited was listed on the Uganda Securities Exchange, 2008 it merged its two businesses (Development Finance and dfcu Bank) to create a “one-stop shop “under dfcu Bank.

In 2013 it realigned shareholders bringing on board a strategic partner – Rabobank, with significant experience in agribusiness

In 2014 it consolidated business operations into Head Office – dfcu Towers and also acquired some assets and took over some liabilities of Global Trust Bank (In Liquidation)

2016 it aligned shareholding with Rabobank, Norfund and FMO combining to form Arise which is committed to strengthening and developing effective, inclusive financial systems in Africa with a long-term perspective before acquiring of certain assets and assumption of some liabilities of Crane Bank Limited (In Receivership).

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