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Another Microfinance Institution (MFI) Closes in Uganda as Chaos Continues in the Sector
The Support Organisation for Micro Enterprises Development (SOMED), a microfinance firm in the Kibaale District of Uganda was shut down in December last year while police claim they are investigating allegations of extortion, embezzlement and fraud. The company had been offering low-interest loans since 2004.

Other police claim Related Articles

Police in Uganda Investigate Front Page Micro Finance and Three Other Microfinance Firms
Ugandan Police are investigating four savings and co-operative credit organisations (SACCOs) suspected of fraud. They are alleged to be cheating their clients and making withdrawal of deposit money very difficult. The organisations are Front Page Micro Finance, Faster Micro Finance, Savings and Credit Cooperative Society Support Uganda Finance Limited and Stade Rugando Finance, all based in Kampala. According to the police up to 50 people have made complaints against the firms, accusing them of refusing to fulfill withdrawal requests completely and offering high-value loans against low-value collateral.
Prove it or lose it – strengthening your chances of media coverage
In the modern world – any one can make a statement, a claim or put forward an opinion. That’s the beauty of free speech. If you want that statement, claim or opinion to be heard in the media, however, its not always as simple as opening your mouth.

Another Microfinance Institution (MFI) Closes in Uganda as Chaos Continues in the Sector
The Support Organisation for Micro Enterprises Development (SOMED), a microfinance firm in the Kibaale District of Uganda was shut down in December last year while police claim they are investigating allegations of extortion, embezzlement and fraud. The company had been offering low-interest loans since 2004.
Sometimes Customers Lie
What should you do when the customers lie? 1. Make sure you are correct in your point of view or claim. 2. Ask the customer in a professional manner to prove his claim. 3. Make sure you never offer something you cannot deliver. 4. Sell the benefits the customer receives from your product / service

Some Tax Tips Every Employee Needs To Know About.
Not every employer reimburses employees the full tax free amount they are entitled to under our tax legislation. This article explains what an employee can rightfully claim tax free against his PAYE income, how exactly he can do it, and what evidence is needed to substantiate the claim later.
How to File an Insurance Claim for Business Losses
Do you know how to file an insurance claim if your business experiences a disaster? Unfortunately most business owners don’t think about their insurance coverage until a loss occurs and they need to file a claim. However, the time to analyze your insurance is before you need to file a claim: Preview is always nicer than review. According to Ron Reitz, President of San Diego-based Quality Claims Management Corporation, "If you do suffer an insured loss, you need to be very familiar with certain aspects of your claim. Here are the three areas that cause the biggest business insurance disputes with insurers."

SR ED Financing – Factoring Your Sr Ed for Working Capital in Canada
: Information on how Canadian business can discount or factor their Sr Ed claim for immediate working capital and cash flow use . How is a Sr Ed Claim financed?
SRED Tax Credit Financing – 3 Things you need to Know
Information on r&d tax credits and how they are financed in Canada . What do business owners need to know about proper claim filing and how can that claim be monetized for immediate cash flow and working capital . How to Get a SRED tax credit loan in Canada

Sr ed Tax Credit Financing – Your SR&ED Loan is Approved
Information for Canadian business owners who claim sr&ed research and how sr ed tax credit financing can generate positive cash flow via a sr&ed loan that is collateralized against your claim .
Should You Finance Your Sred Tax Credits Via Sred Consultants On Your SR&ED Claim?
Information on sred tax credits and if you should finance your sr&ed claim via sred consultants that prepared your claim .How SRED CRA financing Works.
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