• Women In Business – GROW Project

    Empowering Women In Business – dfcu Women in Business (WiB) is more than Banking. We partner with female entrepreneurs to unlock growth for their businesses.

    1. What is GROW?

    PSFU GROW stands for Generating Growth Opportunities for Women Enterprises. The GROW Project is a Government of Uganda Project funded by the World Bank and jointly implemented by PSFU (GROW Project Team) and the Ministry of Gender, Labour and Social Development. dfcu Bank is Implementing a component of the Project – GROW Financing Facility (GFF) alongside 4 other commercial Banks.

    2. What is dfcu’s Role in the GROW Project?

    dfcu is one of the 5 Partner Financial Institutions (PFIs). dfcu Bank is offering Loan Products at 10% to Women entrepreneurs across the country through its branches.

    3. Which Products is dfcu Bank offering under GROW Project?

    dfcu is offering the Baraka Loan Product (outside Kampala), the Business Growth Loan (BGL), the Agricultural Production Loan (APL), Contract Financing (LPO, contracts etc- working capital Loan), and Asset Financing.

    Agriculture Production Loan

    This facility is targeted at providing working capital for businesses, groups and or individuals engaged in agriculture production to facilitate the acquisition of input supplies, factor inputs, and meeting any other operational costs associated with production, and post-harvest handling.

    Requirements

      • dfcu Bank account
      • National Identification
      • Proof of cashflows (one-year bank statement)
      • Collateral (As applicable i.e. land title, land sales agreement)
      • Proof of business (trading license)
      • Credit History (CRB report)

    Features

      • Access from as low as UGX 4 million up to UGX 200m
      • In UGX currency only
      • Tenor – 6 Months, Maximum Tenor – 24 Months
      • Target – Small and Medium-sized enterprises
      • The facility is secured by bank-acceptable collateral

    Baraka Loan

    This is a short-term facility targeting small and emerging businesses with growth potential but currently have challenges accessing credit due to a lack of collateral.

    Requirements

      • dfcu Bank account
      • National Identification
      • Proof of cashflows (one-year bank statement)
      • Collateral (As applicable i.e. land title, land sales agreement)
      • Proof of business (trading license)
      • Credit History (CRB report)

    Features

      • Loan amount Up to UGX 30m
      • In UGX currency only
      • Minimum 1 month and up to 12 months tenor
      • Flexible security requirements including acceptance of kibanja as collateral

    Business Growth Loan

    This is a facility targeted at providing short-term working capital funding for businesses or funds for expansion, working capital and financing core working assets in the business.

    Requirements

      • dfcu Bank account
      • National Identification
      • Proof of cashflows (one-year bank statement)
      • Collateral (As applicable i.e. land title, land sales agreement)
      • Proof of business (trading license)
      • Credit History (CRB report)

    Features

      • Access from as low as UGX 4 million up to UGX 200m
      • In UGX currency only
      • Up to 24 Months tenor
      • Target business segment – Small and Medium-sized enterprises
      • The facility is secured by bank-acceptable collateral
      • Longer repayment period, allowing them flexibility and affordable instalments

    Asset Financing

    This is a lending offering where a client is financed to acquire an income-generating asset which doubles as collateral. The purchased asset is registered in the name of the borrower. The bank only places its interest on the asset through a chattel mortgage or registered debenture.

    Access financing for asset acquisition such as Vehicles, specialized equipment, Agro machinery and equipment, Infrastructure development facilities etc.

    Requirements

      • dfcu Bank account
      • National Identification
      • Proof of cashflows (one-year bank statement)
      • Collateral (As applicable i.e. land title, land sales agreement)
      • Proof of business (trading license)
      • Credit History (CRB report)

    Features

      • The maximum amount is based on affordability
      • Up to 24 months repayment period
      • Up to 80% financing depending on the type of asset being purchased
      • Repayment frequency based on business cashflows

    4. Who can benefit from the GROW Loan?

    Female bank Customers with registered businesses who meet the detailed eligibility criteria. However, none bank customer can open accounts and get supported qualify, including support to formalize their businesses.

    5. Can I get the Loan from Anywhere?

    Yes, the GROW Loans are available at all dfcu Bank Branches, you can reach out to the nearest to you.

    6. How do I access it?

    Yes, the GROW Loans are available at all dfcu Bank Branches, you can reach out to the nearest to you.

    7. How Long is the loan?

    The Maximum Loan tenure is 2 years.

    8. How much can be extended under the GROW Loan?

    A minimum of 4 million up to 200 Million Uganda Shillings.

    9. Do I need a collateral?

    For some Loan products, security will be required, your bank officer will further guide depending on the amount among other considerations.

    10. How can I get support to formalise?

    Get in touch with any officer at your nearest branch, any of these will share with you the GROW District Liaison to support you in registering your business. You can also reach out to the dfcu Foundation (ADC) advisor to guide you on the formalisation process.

    11. Is it for only females’ businesses? If a female has a joint business with their spouse, do they qualify?

    A joint Business can qualify as long as the woman in the business holds the majority stake/ shareholding.

    12. What if I have exhausted my debt service ratio, do I still qualify for this loan?

    Qualification for the loan is based on the ability of the customer to repay the loan. All Eligible customers need to have a sufficient cashflow/ debt service ratio.

    13. Does one have to be a dfcu customer? and for how long should they have been with us to qualify?

    To qualify for this loan, a customer needs to have banked with dfcu for a minimum of 6 months.

    14. For how long is this project or campaign going to run?

    The GROW Project is set to run for 2 years with a possibility of extension depending on the performance of the bank on on-lending the funds to Women Enterprises.

    15. What are the requirements to qualify for this loan? (Age, shares owned in the business etc.)

    The GROW Project is set to run for 2 years with a possibility of extension depending on the performance of the bank on on-lending the funds to Women Enterprises.

    16. Are buy-offs allowed and top-ups allowed?

    Buy-offs or Re-financing is not part of the scope of this Loan initiative and thus not allowed. Top-ups for clients who qualify (with ample cashflows) are permissible as long as the repayment doesn’t exceed the 2-year window of this Loan Initiative/ Project.

    17. Do start-ups qualify for this loan?

    Start-ups that meet the eligibility criteria and have the cashflows to repay the loans can qualify for this loan.

    18. What fees are associated with acquiring this loan?

    The Loan is being extended at Zero Arrangement fees.

    More Information & Details
    For more details, please visit any of our branches countrywide.
    Send an email to Womeninbusiness@dfcugroup.com
    WhatsApp 0776 760760 or call 0800 222 000 toll-free.

    Download Project Brochure
    Download the dfcu Women In Business – GROW Project brochures.
    Click here to download.

  • Visa Uganda – Qatar Airways CUG Terms and Conditions

    • Sales Period: 15 March 2024 to 30 November 2024.
    • Travel Period: 15 March 2024 to 31 March 2025.
    • Valid on Qatar Airways flights from Uganda (EBB), South Africa (JNB, CPT), Botswana (GBE), Malawi (LLW), Angola (LAD) Mozambique (MPM), Seychelles (SEZ), Zambia (LUN), Kenya (NBO, MBA), Tanzania (JRO, DAR, ZNZ), Ethiopia (ETT), Mauritius (MRU), Madagascar (TNR), Senegal (SZN), DRC (FIH), Cote d’Ivoire (ABJ), Nigeria (LOS, ABV), Ghana (ACC, EMS, TKD, TML)
    • Registration process, customers are required to visit https://africa.visa.com/ to register for the campaign, they’ll input and submit their details and receive an email with the promo code and a link to qatarairways.com/qrvisa platform to book their flight and pay with Visa. • Purchases can only be made through qatarairways.com/qrvisa by entering a promotional code at the time of booking.
    • This discount is only valid for travel originating from Uganda (EBB), South Africa (JNB, CPT), Botswana (GBE), Malawi (LLW), Angola (LAD) Mozambique (MPM), Seychelles (SEZ), Zambia (LUN), Kenya (NBO, MBA), Tanzania (JRO, DAR, ZNZ), Ethiopia (ETT), Mauritius (MRU), Madagascar (TNR), Senegal (SZN), DRC (FIH), Cote d’Ivoire (ABJ), Nigeria (LOS, ABV), Ghana (ACC, EMS, TKD, TML)
    • Valid on Qatar Airways operated Valid on Qatar Airways-operated flights for online markets and codeshare or interline partners for offline markets.
    • Payment can be made online using a valid VISA credit card or debit card at the time of booking, or for bookings made online and payment made offline at the Qatar Airways office (Locate Us section of the website).
    • The promo code is valid on flight bookings originating from South Africa (JNB, CPT), Botswana (GBE), Malawi (LLW), Angola (LAD) Mozambique (MPM), Seychelles (SEZ), Zambia (LUN), Kenya (NBO, MBA), Tanzania (JRO, DAR, ZNZ), Uganda (EBB), Ethiopia (ETT), Mauritius (MRU), Madagascar (TNR), Senegal (SZN), DRC (FIH), Cote d’Ivoire (ABJ), Nigeria (LOS, ABV), Ghana (ACC, EMS, TKD, TML) on the selected Qatar Airways operated destinations.
    • Blackouts are applicable. Visa customers can still book on regular market fares that will be available.
    • Eligibility is to Visa cardholders for all the categories.
    • Discount applies to the base airfare fare only.
    • Valid for only return fares. • Discount does not apply to taxes, surcharges and all other standard market surcharges.
    • Qatar Airways will not be responsible for any fare differences if customers fail to enter the given promo code at the time of booking.
    • Fares displayed will already include the applicable discounts.
    • Flights eligible for the discount are clearly signaled with a sales tag beside them.
    • Customers who did not receive a discount, cannot be credited retrospectively.
    • Qatar Airways will not be responsible for any fare differences if customers fail to enter the given promo code at the time of booking.
    • This offer may be used more than once during the offer period.
    • Changes and Cancellation: see detailed fare rules at the time of booking.
    • Seats are limited and might not be available on all flights; subject to availability in the respective booking class at the time of booking.
    • Qatar Airway’s terms and conditions will also apply to your booking and also please refer to the fare rules at the time of booking for changes, cancellations, and no-show conditions.
    • Exclusive savings should reflect at the time of booking if applicable.
    • Customers who did not receive a discount, cannot be credited retrospectively. Discount may not be applicable if the customer does not make their booking on the dedicated closed user group booking environment provided to VISA.
    • The name of the ticket booking should be the same as the name of the card holder on which the purchase is performed.
    • Black out dates : Inbound: (From 22 Dec To 30 Dec) // Outbound – (From 01-Jan – 15-Jan)

    Discount levels are as follows

    • Up to 10% on base fare in Economy Class will apply to booking class: N, Q, T, O (Classic).
    • Up to 10% on base fare in Economy Class will apply to booking class: S, V, L, M, K (Convenience).
    • Up to 10% on base fare in Business Class will apply to booking class: R (Classic).
    • Up to 12% on base fare in Business Class will apply to booking class: I, D (Comfort).
    • The following booking classes are excluded from this offer: J, C (Elite); Y, B, H (Comfort)

    Customer support:

    Please call dfcu Bank customer help line on 0800 222 000 toll-free or utilise this link for all queries, all queries are structured and managed here. Customer can access referral links, FAQs, Contact number, City + Airport office location, Live chats and many more – https://www.qatarairways.com/en/help.html

    Privilege Club offer terms & conditions.

    • This offer is only applicable main members who join Privilege Club using promocode: PCAFR24.
    • Enrolment Period: 1 January 2024 – 31 December 2024.
    • Travel Period: 1 January 2024 to 30 June 2025.
    • Members who did not quote any of the applicable promocodes at the time of enrolment will not receive the bonus Avios.
    • First flight bonus Avios will be credited to the membership account immediately after the first flight with Qatar Airways.
    • If the flight date is before the enrollment date then the member will not get the bonus for first flight.
    • In case of retro claims, bonus Avios will be awarded if the member’s travel is within the offer period.
    • Members need to ensure to quote their Privilege Club number at the time of booking or check-in so the Avios can be credited after the first flight travelled.
    • Offer is applicable only for flights operated and marketed by Qatar Airways.
    • Travel on Award tickets is not eligible for Bonus Avios.
    • Existing Privilege Club members are not entitled to participate in this offer and any duplicate accounts will be cancelled by Privilege Club.
    • Other terms and conditions apply. Please refer to the fare rules at the time of booking.

  • Personal Salary Loan Campaign FAQ

    1. What is a personal Unsecured loan?
    The dfcu Personal Unsecured loan is a credit facility tailored for salary earners to cater for personal needs and developments with no collateral requirements.

    2. Who is eligible for the personal Unsecured loan?
    Loan applicants must be employed and receive their salary through dfcu bank. Minimum monthly income thresholds are as below.
    i Civil servants: UGX. 200,000
    ii Non-Government: UGX. 400,000

    3. For what purpose can I use the Personal Unsecured Loan?
    Personal Unsecured loans cater to a variety of purposes, including debt consolidation, personal development, home renovations, education expenses, medical bills, and other personal financial needs.

    4. How much can I borrow with a Personal Unsecured Loan?
    You can borrow Up to Ugx 250m. Loan amounts vary depending on income level, credit history and repayment capacity.

    5. What are the interest rates and fees associated with the Personal Unsecured Loan?
    Interest rates and fees are affordable but vary depending on the the nature of customer segment. Customers on schemes enjoy preferential interest rates. Other applicable fees include loan application fees, arrangement fees etc. Loan buyouts attract zero arrangement fees.

    6. What is the repayment period for the Personal Unsecured Loan?
    With dfcu’s personal Unsecured loan, you can enjoy flexible repayment periods of up to 84 months. The applicable repayment period may vary depending on the borrower’s scheme, nature of employment and the loan amount.

    7. Can I repay the Personal Unsecured Loan early?
    Yes, the bank allows for a cooling off period as well as early repayments without incurring additional fees or penalties.

    8. What happens if I miss a payment on my Personal Unsecured Loan?
    Delayed loan instalment payments attract penal interest and negatively impact your credit rating at the credit reference bureau

    9. What are the requirements for a Personal Unsecured Loan application?
    You will need to submit an application form along with supporting documentation including national ID, proof of employment, bank statements for customers previously not banked with dfcu bank, and employment verification documents.

     

  • dfcu Bank Back to School Pay and Win campaign Term I 2024. Terms and Conditions!

    1. To be a winner in the dfcu Back to School ‘Fees & Smiles’, one is required to pay a child’s school fees using dfcu QuickBanking (Quick Code *240#, QuickApp or QuickOnline) or SchoolPay (MTN Mobile Money /Airtel Money).

    2. There is no entry fee and no purchase necessary to enter this competition.

    3. By entering this competition, an entrant is indicating his/her agreement to be bound by these terms and conditions.

    4. Closing date for this promotion/campaign will be February 16th 2024, at 5.00pm. School fees payments made after this date, will not be eligible for the promotion.

    5. To be legible to enter the draw and win, school fees payment should be Ugx 500,000 or more (school fees paid using dfcu QuickBanking  – QuickCode *240#, QuickApp or QuickOnline and SchoolPay – MTN Mobile Money or Airtel Money).

    6. The prize to be won under dfcu Back to School ‘Fees & Smiles’ term I 2024 competition is UGX. 500,000 for the selected winner and no other alternatives will be offered. The prizes are not transferable.

    7. The prize of Ugx 500,000 is only redeemable / transferred to the winner through/on their dfcu Bank account (existing account or newly opened account).

    8. All the lucky winners from the competition will be announced on our social media pages or radio during the campaign period and after the closing date, and asked to provide proper identification before claiming prizes.

    9. The winner will be notified by email and/or phone call within 28 days of the closing date. If the winner cannot be contacted or does not claim the prize within 14 days of notification, we (dfcu Bank) reserve the right to withdraw the prize from the winner and pick a replacement winner.

    10. By participating in this campaign, you release dfcu Bank and hold it harmless from any and all losses, damages, rights, claims, liabilities, and actions of any kind in connection with the Back to School ‘Fees & Smiles’ promotion including, without limitation, personal injuries, death and property damage, and claims based on publicity rights, defamation or invasion of privacy.

    11. Entry into the competition will be deemed as acceptance of these terms and conditions.

    12. dfcu Bank reserves the right to amend the General Terms at any time. You are encouraged to check the dfcu Bank website regularly for any such changes.

    dfcu Bank Uganda Limited is regulated by the Bank of Uganda. Customer deposits are protected by the Deposit Protection Fund of Uganda up to UGX 10 million. T&Cs apply!

  • Terms of use for dfcu Katale

    1. GENERAL

    1.1 By using or accessing https://mastercardfarmernetwork.com/#/auth/login (the “Platform”) or any of the services that may be provided from time to time as part of the Platform (“Services”), you acknowledge and agree to be bound by these Terms of Use, including the rules or policies governing the use of the Platform, as provided, or updated from time to time. These Terms of Use shall be effective immediately upon a User (defined below) accessing or using the Platform and the Services in any manner.

    1.2 dfcu Bank reserves the absolute right, at its sole discretion, to change, modify, add, or remove portions of these Terms of Use (including, the rules or policies governing the use of the Platform) at any time and without any prior written notice to the User. It is each User’s responsibility to review the Terms of Use (including, the rules or policies governing the use of the Platform) periodically for any updates/changes. A User’s continued use of the Platform following any changes shall be deemed to mean that such User accepts and agrees to such revisions.

    1.3 The Platform is intended to be a digital marketplace to enable farmer producer organisations, farmer producer companies and other analogous farmer producer collectives (collectively, “FPOs”) to sell produce, such as Coffee, Oilseeds, Cereals, Dairy, fruits, and vegetables, etc.…(“Produce”), to institutional buyers (each, a “Buyer”), in each case, as permitted by the applicable State legal requirements. The Platform may also enable third party service providers, including payment gateway providers, banking and financial service providers, warehouse service providers and insurers (collectively, “Service Providers”) to provide Services to FPOs and Buyers using the Platform. FPOs, Buyers, Service Providers and any other permitted visitors to the Platform are each referred to herein as a “User”, and collectively, the “Users”).

    1.4 You may choose to avail the Services provided on the Platform at your own discretion and at your sole risk.

    Mastercard Technology Private Limited (“Mastercard”) is the licensor of the Platform. Mastercard and/or its affiliates may use or disclose personal data provided by the Users for the purposes specified and, in the manner, provided in the Privacy Notice. Mastercard and/or its affiliates and/or its licensors owns all rights, title and interest in and to the Platform and all intellectual property rights therein in any part of the world, whether registered or unregistered, and all applications for and renewals or extensions of such rights, including rights comprising or relating to: (a) patents, patent disclosures and inventions (whether patentable or not); (b) trademarks, service marks, trade dress, trade names, logos, corporate names and domain names, together with all of the goodwill associated therewith; (c) works of authorship, designs, copyrights and copyrightable works (including computer programs) and rights in data and databases; (d) trade secrets, know-how and other confidential information; and (e) all similar or equivalent rights or forms of protection therein and thereto (collectively, “intellectual property rights”). No rights are granted to any User in the Platform or in any intellectual property rights therein and thereto other than that explicitly mentioned herein. Mastercard shall have no responsibility or any liability to any User.
    1.5 If a User submits any material on or for the Platform, such User is deemed to have granted dfcu Bank a non-exclusive, royalty-free, irrevocable, perpetual and fully sub-licensable, assignable and transferrable right to use, reproduce, modify, adapt, publish, translate, create derivative works from, distribute, and display such content (including the name that such Users submit in connection therewith) throughout the world in any media.

    1.6 Users agree that any content they post may be used by dfcu Bank, consistent with dfcu Bank’s privacy policy (available here https://www.dfcugroup.com/privacy/#🙂

    1.7 Definitions:

    a) “affiliate” means any entity that directly or indirectly controls, is controlled by, or is under common control with the subject entity.

    b) “You” or “you” means any individual accepting these Terms of Use on his or her own behalf; provided that, where an individual accepts these Terms of Use on behalf of a body corporate, association, partnership, or any other entity, then “You” shall refer to such body corporate, association, partnership, or other entity.

    2. ACCESS TO PLATFORM

    2.1 Access to and use of the Platform and the Services is restricted to only those persons competent to contract as per the Ugandan Contracts Act 2010 or any other applicable law. Minors, undischarged insolvents, persons subjected to or undergoing any resolution or liquidation proceedings or persons of unsound mind are not eligible to use/access the Platform or the Services.

    2.2 The Platform and the Services are intended to be accessible to and used only by Users for the purposes of facilitating interactions between (a) Buyers and FPOs in respect of the Produce; and (b) Service Providers and other Users for provision of certain ancillary value-added services.

    2.3 Only FPOs that are duly constituted and licensed by the relevant Government departments, to act as FPOs are eligible to apply for and create their accounts as FPOs on the Platform.

    2.4 Only Buyers who intend to acquire the Produce from the FPOs on a business – to – business basis, are eligible to apply for and be registered as Buyers on the Platform.

    2.5 Only those Service Providers who have executed the appropriate service agreement with dfcu Bank are eligible to apply for and be registered as Service Providers on the Platform.

    2.6 By virtue of submitting a request on the Platform for creation of an account, each User agrees that it satisfies the eligibility criteria set out in the Terms of Use.

    3. LICENCE AND LIMITATIONS FOR USE OF PLATFORM

    3.1 As long as a User complies with the Terms of Use, dfcu Bank grants such User a personal, non-exclusive, non-transferable, and limited privilege to enter and use the Platform. This limited privilege does not include, nor does it permit you: (i) to resell or otherwise commercialize the use of the Platform or its contents (including, the associated intellectual property rights); (ii) to collect or use any product listings, descriptions, or prices; or (iii) any derivative use of the Platform or its contents.

    3.2 dfcu Bank will make reasonable efforts to deal with any technical issues affecting the Platform. dfcu Bank does not promise that Users will be able to always access and use the Platform or locations, or that the Platform or the Services provided through the Platform will be always uninterrupted or error-free, or that any defects will be immediately corrected by dfcu Bank.
    3.3 Each User agrees that it will not, and will not permit or authorize any third party to:

    • Attempt to gain unauthorized access to any portion or feature of the Platform, or any systems/networks connected to the Platform.
    • Use all or any part of the Platform to support any illegal activity.
    • Use any device, program, algorithm, methodology or similar process to access, acquire, copy, or monitor any portion of the Platform or content; or in any way reproduce, modify, translate, enhance, disassemble, reverse engineer or create derivative works of, or use the Platform to develop any software or materials based upon any portion of the same; disable any technological features or measures on the Platform, including security features; or circumvent the navigational structure, presentation of the Platform, or obtain or attempt to obtain any material, documents, or information through any means not purposely made available through the Platform;
    • Frame or utilize framing techniques or meta tags or any other “hidden text” to enclose any trademark, logo or other proprietary information of the Platform or dfcu Bank.
    • Reverse look-up, trace or seek to trace information on any other User (including any account on the Platform that is not owned by such User) or exploit the Platform, any Service or information made available by or through the Platform in any way where the purpose is to reveal any information (including but not limited to personal identification or information other than such User’s own information) provided by the Platform.
    • Probe, scan or test the vulnerability of the Platform or any network connected to the Platform or otherwise breach the security and authentication measures on the Platform, or any network connected to the Platform.
    • Introduce viruses, trojans, worms or other material likely to cause harm to the Platform.
    • Use any device, software, or routine to damage, interfere or attempt to interfere with the proper working of the Platform, any transaction being facilitated on the Platform or any other person’s use of the Platform, or surreptitiously intercept, or expropriate any system, data, or communication.
    • Forge headers, impersonate any other individual or entity, or otherwise manipulate identifiers to disguise the origin of any message, transmittal sent to [Customer] or any other User on or through the Platform, or any Service offered on or through the Platform; or
    • Download or copy information, including for the benefit of another User; or use of data mining, robots, or similar data gathering and extraction tools.

    3.4 Each User agrees to indemnify, hold harmless and keep dfcu Bank and its affiliates indemnified in case any action is initiated against the Platform, dfcu Bank due to any loss, injury, expenses, or liability caused to any other User of the Platform or any third party.

    4. REPRESENTATIONS, WARRANTIES, COVENANTS AND RESPONSIBILITIES OF USERS

    4.1 General:

    4.1.1 In addition to representations and warranties otherwise covered under these Terms, each User that is a body corporate or is acting for or on behalf of a body corporate hereby represents and warrants as follows:

    (i) it is a body corporate duly organized, validly existing, and in good standing under the laws of its incorporation.

    (ii) acceptance and performance of these Terms by such User and the consummation of the transactions contemplated hereby does not and will not contravene the certificate of incorporation or by-laws or any other similar document of such User and does not and will not conflict with or result in (a) a breach of or default under any indenture, agreement, judgment, decree, order or ruling to which such User is a party that would materially adversely affect such User’s ability to perform its obligations under these Terms, or (b) a breach of any applicable law; and

    (iii) it shall comply with all applicable laws in the performance of its obligations and the exercise of its rights under these Terms.

    4.1.2 Natural persons acting for or on behalf of bodies corporate represent and warrant that they are duly authorized by such bodies corporate to accept these Terms and have the authority to bind that body corporate to these Terms.

    4.1.3 Each User shall, always, ensure full compliance with all applicable domestic and international laws, rules and regulations while using and transacting on the Platform, including but not limited to applicable provisions of the Ugandan Computer Misuse Act 2022, and Uganda Communications Act 2013 the rules thereunder as applicable and amended from time to time and the relevant agricultural produce market committee laws (including, any subordinate legislation framed thereunder), to the extent applicable. Each User shall obtain the necessary licences, concessions, grants, registrations, authorisations and permits regarding their use of the Platform, Services and/or tools ancillary thereto, and for their listing, purchase, sale, solicitation of offers to purchase or sell any Produce or Services. Mastercard and dfcu Bank shall not be responsible or liable in any manner whatsoever for ensuring or conducting any due diligence to ensure that Users have obtained the required licenses, concessions, grants, registrations, authorisations, and permits.

    4.1.4 Each User agrees to indemnify and hold harmless dfcu Bank and its affiliates against any losses, claims, liabilities, and expenses that may be incurred by dfcu Bank or its affiliates in connection with any usage or access of the Platform and Services by Users who have failed to obtain the necessary permits and licenses necessary to use or access the Platform or Services.

    4.1.5 Each User shall be responsible for all activities that are undertaken and/or occur with the use of its account.

    4.1.6 Each User shall always provide, promptly update, and maintain information in respect of its account and its activities, such that the same are true, accurate, current and complete at all times.

    4.1.7 Each User shall be responsible for maintaining the confidentiality of all information in respect of its account and shall be fully responsible for all activities that occur under or through its account. A User shall neither disclose nor part with their account credentials to anyone, including any third-party aggregators for the purpose of managing their inventory and/or orders.
    .
    4.1.8 Each User agrees to: (a) notify dfcu Bank of any unauthorized use of its account information or any other breach of security immediately upon becoming aware of the same; and (b) log out from its account at the end of each session.

    4.1.9 Each User understands that the Platform or dfcu Bank, or an authorised third party acting on dfcu Bank’s behalf, is entitled to use such User’s contact details for communications regarding the Platform and Services from time to time, and each User expressly accepts receipt of any such communication (whether by way of SMS or calls or otherwise).

    4.1.10 A User shall not host, display, upload, modify, publish, transmit, update or share any information that: (i) belongs to another person and to which they do not have any right; (ii) is grossly harmful, harassing, libellous, misleading or known to be false, invasive of another’s privacy, hateful or racially, ethnically objectionable, disparaging, relating or encouraging money laundering or gambling, or is otherwise unlawful in any manner whatsoever; (iii) harms minors in any way; (iv) infringes any patent trademark, copyright or other proprietary rights; (v) violates any law for the time being in force; (vi) deceives or misleads the addressee about the origin of such messages or communicates any information which is grossly offensive or menacing in nature; (vii) impersonates another person; (viii) threatens the unity, integrity, defence, security or sovereignty of Uganda, friendly relations with other nations, or public order or causes incitement to the commission of any cognisable offence or prevents investigation of any offence or is insulting to any other nation; (ix) involves the transmission of ‘junk mail’, ‘chain letters’, unsolicited mass mailing, or ‘spamming’; (x) solicits passwords or personal identifying information for commercial or unlawful purposes from other Users on the Platform; (xi) engages in or relates to commercial activities and/or sales such as contests, sweepstakes, barter, advertising, pyramid schemes, or the buying or selling of ‘virtual’ items related to the Platform; (xii) interferes with another’s use and enjoyment of the Platform; (xiii) creates any liability for dfcu Bank or the Platform, or causes it to lose (in whole or part) the services of dfcu Bank’s Internet Service Providers (“ISPs”) or other affiliates or third parties; (xiv) refers to any website/URL/app which, in dfcu Bank’s sole discretion, contains any material that is inappropriate for the Platform or any other website and content that is prohibited or otherwise violates the letter and spirit of these Terms; /or (xv) directly or indirectly, offers or attempts to offer trade in any item which is prohibited or restricted in any manner under the provisions of any applicable law, rule, regulation or guideline for the time being in force.

    4.1.11 Each User agrees that it shall be solely responsible for payment of any applicable governmental or statutory duties or taxes in relation to the marketing and sale of the Produce or any other transactions undertaken pursuant to their interactions on the Platform.

    4.2 FPOs:

    4.2.1 FPOs shall not use the Platform for any purpose other than the sale and purchase of the Produce and to avail itself of any Services made available by the Platform.

    4.2.2 Each FPO shall be responsible for providing such information relating to the Produce proposed to be sold by them as may be required by the Platform or dfcu Bank at any time.

    4.2.3 FPOs must be legally competent to sell the Produce they list for sale on the Platform and must possess all the necessary licences, registrations, concessions, authorisations, registrations, and permits (including, any required under the relevant agricultural produce market committee laws and any subordinate legislation framed thereunder), in addition to the legal title/authority to sell the Products required for such sale. All Produce must be listed in the appropriate categories on the Platform and must describe the actual condition of the Produce in reasonable detail. The FPOs must have sourced the Produce from the farmers in accordance with applicable laws.

    4.2.4 Each FPO acknowledges that dfcu Bank reserves the discretionary right to delete any listings of any Produce listed on the Platform in the event it is of the opinion that such listing does not meet with the criteria set out in these Terms.

    4.2.5 Each FPO agrees that all Produce it lists on the Platform shall meet all quality and such other parameters as may be specified by the relevant governmental authorities from time to time.

    4.2.6 An FPO shall be the single point of contact between dfcu Bank and their respective farmers.

    4.2.7 Each FPO represents and warrants to dfcu Bank that it is duly and validly authorized to act as an FPO.

    4.2.8 Each FPO acknowledges that it shall be its sole responsibility to provide all such assistance as may be necessary for the on – boarding (and confirmation of the same) of each of the member farmers. Each FPO shall provide such personal information of the member farmers, as may be required in connection with the sale of the Produce.

    4.2.9 Any payments received by an FPO from a Buyer in respect of the sale of Produce shall be appropriately apportioned and disbursed in accordance with the terms and conditions agreed to between the FPO and the member farmers. For the avoidance of doubt, Mastercard and dfcu Bank shall not be held responsible for the collection of any amounts from an FPO or disbursement of any amounts to the member farmers.

    4.2.10 Promptly upon the consummation of a sale transaction in respect of any particular Produce, the relevant FPO shall be responsible to immediately update such details in respect of the consummated sale, as are required to be updated on the Platform, and shall also clearly provide the details of each relevant farmer and the Produce sold by that farmer (through the FPO) in any particular transaction.

    4.3 Buyers:

    4.3.1 A Buyer shall not use the Platform for any purpose other than for the purchase of the Produce and to avail itself of any other Services made available by the Platform.

    4.3.2 Each Buyer shall be responsible for providing such information in respect of its account as may be required by the Platform or dfcu Bank from time to time.

    4.3.3 A Buyer must be legally competent to purchase Produce on the Platform and must possess all the necessary licences, concessions, grants, registrations, authorisations, and permits required for such purchase (including, any required under the relevant agricultural produce market committee laws and any subordinate legislation framed thereunder). A Buyer must ensure that the information provided by them on the Platform does not infringe upon the intellectual property, trade secret or other proprietary rights or rights of publicity or privacy rights of third parties.

    4.3.4 Promptly upon the completion of a sale in respect of any Produce, the Buyer shall immediately update such details in respect of such sale on the Platform.

    4.3.5 Each Buyer agrees that it shall be solely responsible for assessing the quality and quantity of the Produce they purchase, and they may in their sole discretion accept or reject the Produce. Once the Buyer has accepted the Produce, they shall be responsible for making payment of the agreed purchase price to the FPO.

    4.4 Service Providers:

    4.4.1 Each Service Provider understands and agrees that to access the Platform or offer Services through the Platform, they will need to first execute an appropriate service agreement with dfcu Bank containing the terms and conditions for the provision of their Services through the Platform (“Service Agreement”).

    4.4.2 A Service Provider shall not use the Platform for any purpose other than for its provision of the Services under the Service Agreement.

    4.4.3 Each Service Provider shall be responsible for providing such information relating to its Services as may be required by the Platform or dfcu Bank at any time.

    4.4.4 Each Service Provider must be legally competent to provide its Services and must possess all the necessary licences, concessions, grants, authorisations, registrations, and permits required for the same. All Services must be listed in the appropriate categories on the Platform. The listing description of the Services, including scope of the Services, pricing and other terms and conditions of the Services, must not be misleading and must describe the actual Services in reasonable detail.

    4.4.5 The Service Providers acknowledge that dfcu Bank reserves the discretionary right to delete any listings of any Services from the Platform in the event it is of the opinion that such listing does not meet with the criteria set out in these Terms.

    5. PAYMENTS AND CHARGES

    5.1 The details of the fees, charges, or commissions payable for the use of the Platform and the Services shall be provided by dfcu Bank to the Users.

    5.2 Each User agrees and acknowledges that dfcu Bank reserves the right to introduce or change any fees, charges or commissions for the use of the Platform or the Services, in any manner it deems appropriate, and in the event a User uses or continues to use the Platform or the Services on or after the date such fees, charges or commission are introduced, such User shall be deemed to have agreed to accept the imposition of such fees, charges or commission, and shall be responsible to pay to dfcu Bank such amounts for the use of the Platform or Services.

    5.3 dfcu Bank may, at its sole discretion, introduce new Service Providers or modify any or all the existing Services offered on the Platform at any time and without any prior notice. In such an event, dfcu Bank reserves the right to introduce fees for the new Service Providers or amend/introduce fees for existing Service Providers.

    5.4 Changes to any fees, charges or commissions shall be posted on the Platform and such changes shall become effective immediately after they are posted on the Platform or from such other date as may be specified in the notification of such change.

    5.5 Unless otherwise stated, all fees for use of the Platform shall be quoted in Ugandan Shillings (UGX) and be payable to dfcu Bank.

    5.6 Users shall be solely responsible for compliance with all applicable laws of Uganda relating to the payments to dfcu Bank.

    5.7 Users agree that dfcu Bank shall, always, have the right to deduct or adjust any payments due to, or from, any User in one transaction, against any payments due to, or from, the User in other or previous transactions. Further, dfcu Bank shall have the right to hold or direct any Service Provider to hold a Buyer’s payment or an FPO’s pay out for any suspicious sale/transactions done by such Buyer or FPO.

    6. NO PURCHASE/SALE CONTRACT WITH DFCU BANK

    Each User understands and agrees that any and all contracts of sale and/or purchase of the Produce or Services (including title, pricing, payment methods, terms and warranties) that are availed through the Platform are solely between the respective contracting parties. Mastercard or dfcu Bank shall not, and shall not be deemed to be, a party to, or responsible for, any such contracts. Mastercard or dfcu Bank does not determine, advise, have any control over, or in any way involve itself (other than by maintaining a record of successful transactions as submitted to the Platform by the respective Users) in the offering or acceptance of any commercial or other contractual terms between the Users in respect of the Produce. Mastercard or dfcu Bank does not monitor the listings, support, or endorse the sale or purchase of any specific Produce or Services on the Platform and accepts no liability for any errors or omissions.

    6.1 Mastercard or dfcu Bank shall not and is not required to mediate or resolve any disputes or disagreements between or among the Users. Users understand and agree they shall be solely responsible for the resolution of any disputes arising among them with respect to the sale or purchase of Produce or Services and Mastercard or dfcu Bank shall not be involved in the dispute resolution process in any manner whatsoever.

    6.2 Mastercard or dfcu Bank does not make any representations or warranties regarding the credentials (such as legal title, creditworthiness, identity, etc.) of any of its Users or guarantee that such User will complete a transaction. Users are advised to independently verify the credentials of any User they choose to deal or otherwise interact with, on or through or facilitated by the Platform and use their best judgment in that regard.

    6.3 It is expressly clarified that the Platform is only a platform that can be utilized by the Users to reach a larger supplier/customer base to elicit interest from possible counterparties in respect of the Produce and/or the Services. Specifically, the Platform is not intended for fulfilment of transactions in respect of the Produce or the Services.

    6.4 The payment gateway facility provided on the Platform is being provided by a third-party Service Provider and may be used by Users to facilitate the completion of transactions, whereby the Platform merely communicates the status of the payment to the Users. Use of the payment facility shall not render Mastercard or dfcu Bank liable or responsible in any way for any transaction, including non–delivery, non-receipt, non-payment, damage, breach of representations and warranties, non-provision of after-sales or warranty services or fraud as regards the Produce or Services listed on the Platform.

    6.5 Each User understands and agrees that they have and shall have no recourse to Mastercard or dfcu Bank or the Platform in case they have any grievances in respect of any Services, and Mastercard and dfcu Bank and their respective affiliates disclaim any liability or responsibility for any Services offered. Each User understands and agrees that when it uses any Service provided by a Service Provider on the Platform, it will access a third-party site, and the accuracy or completeness of the information, materials, services, or the reliability of any service, or other information displayed or distributed through such third-party site is not warranted by Mastercard or dfcu Bank in any manner. Users may access the Service Provider site solely at their discretion and at their own risk.
    7. KEY TERMS AND CONDITIONS OF SALE OF PRODUCE AND SERVICES AMONGST USERS

    7.1 Notwithstanding anything to the contrary contained in these Terms of Use, the Users agree and acknowledge that the contract/agreement for the purchase and sale of Produce or availing any Services shall in the least:

    (a) provide for a delivery of the Produce and the payment of the price either immediately or within a maximum of 11 (eleven) days from the date of the contract/agreement, with such period not being capable of being extended in any manner; and

    (b) provide for the actual delivery of specific qualities or types of Produce during a specified future period at a price fixed thereby or to be fixed in the manner thereby agreed and shall mention the names of both the Buyer and FPO; or

    (c) provide a clear and accurate description of the Services, the fees being charged in respect of the Services and the terms and conditions governing the provision of the Services.

    7.2 The rights and liabilities under the contract for the purchase/sale of Produce or under any delivery order, railway receipt, bill of lading, warehouse receipt or any other documents of title relating to the same shall not be transferable Delivery of Produce shall be accepted only by the Buyer, or any authorized person acting on such Buyer’s behalf.

    7.3 While Users are free to negotiate and agree to such terms and conditions as they may deem appropriate, they shall not derogate from or contradict these Terms in any manner.

    7.4 Each User irrevocably and unconditionally agrees that any contract entered into between Users, through or facilitated by the Platform, in violation of the Terms of Use, including this Clause 7, shall be void and any delivery or payment made in furtherance thereto shall be deemed to be invalid.

    8. DISCLAIMERS AND LIMITATION OF LIABILITY

    8.1 Mastercard or dfcu Bank does not warrant that the description of the Produce and/or Services or other content available on the Platform is accurate, complete, reliable, current, useful, or error-free, and it assumes no liability or responsibility in this regard.

    8.2 Mastercard or dfcu Bank has no control over and does not guarantee the existence, quality, safety, or legality of items advertised; the truth or accuracy of Users’ content or listings; or the ability of Users to perform their obligations. Each User agrees that its use of the Platform and the Services is at their own risk.

    8.3 Mastercard and dfcu Bank provide the Platform on an “as is where is” basis, and specifically disclaims any implied warranties of title, merchantability, fitness for a particular purpose and non-infringement.

    8.4 Users agree and understand that dfcu Bank or Mastercard shall not be liable for any claim based on any termination and/or suspension of information related to any Produce or Services on the Platform.

    8.5 Notwithstanding anything to the contrary contained in these Terms, and to the fullest extent allowed by applicable law, Mastercard and dfcu Bank and their respective affiliates shall not be liable (whether in contract, warranty, tort (including, but not limited to, negligence), product liability or other theory), to any User or any other person or entity for cost of cover or for any indirect, incidental, special, consequential, punitive or exemplary damages (including damages for loss of revenues, loss profit or anticipated profits, loss of goodwill, loss of business or data) arising out of or in relation to or in connection with the terms or any User’s use of the Platform or the Services, even if dfcu Bank has been informed in advance of the possibility of such damages.

    8.6 dfcu Bank’s entire liability towards any User under these Terms or under any applicable law or equity shall, unless already excluded under these Terms of Use, be limited solely to actual and proven direct damages sustained by the User as a result of the gross negligence or wilful misconduct of the dfcu Bank and its affiliates in the performance of their respective services and other obligations under these Terms of Use. In no event shall dfcu Bank be liable, and regardless of the form of action, to the Users or any third party for any losses, damages, liabilities, costs (including reasonable legal costs) and expenses (including taxation) which are in the aggregate in excess of the amounts paid by such User to dfcu Bank in the immediately preceding 6 (six) month period under these Terms of Use.

    8.7 By using the Platform, the Users agree that dfcu Bank shall have no liability for disclosure of their information due to any errors in transmission and/or any unauthorized acts of third parties.

    8.8 While dfcu Bank will endeavour to give prior notice, access to the Platform may be occasionally suspended or restricted to allow for repairs, maintenance, or the introduction of new facilities or at any time without prior notice, for which dfcu Bank and its affiliates shall not be liable to any person in any event.

    8.9 The Platform may provide links to other sites over which the Platform or dfcu Bank have no control. dfcu Bank is not responsible for the availability of such external sites or resources and does not endorse and is not responsible or liable for any content, advertising, products, or other material on or available from such sites or resources.

    9. INDEMNITY

    9.1 Each User agrees to severally indemnify, defend and hold harmless dfcu Bank and its affiliates and their respective officers, directors, managers, members, trustees, shareholders, employees and agents and any of their successors, assigns or representatives (“Indemnified Persons”) from and against any losses, damages, awards, settlements, liability, claims, costs, demand, penalty, expenses, suits or actions, including reasonable attorneys’ fees, made or imposed by any User, a third party or any other person due to or arising out of:

    9.1.1 breach or alleged breach of the Terms of Use and any other policies.

    9.1.2 violation of any applicable laws, rules, regulations, directions, circulars, notifications etc. (including any laws governing information technology, money laundering, data protection and consumer protection).

    9.1.3 violation of the rights (including infringement of intellectual property rights) of a third party.

    9.1.4 negligence, fraud, misrepresentation, wilful default or wilful misconduct.

    9.1.5 unauthorized use of such User’s account as a result of such User’s failure in keeping the account information secure, absolute, correct and confidential; and

    9.1.6 Service deficiency, inaccurate Produce availability or requirement details that are displayed on the Platform due to any negligence or default on the part of a User.

    9.2 Each User agrees to indemnify and unconditionally and irrevocably release the Indemnified Persons from any claims, costs, demands, damage, liability or other consequence of every kind and nature, known or unknown, relating to, arising out of or in connection with any of the actions of the Users on the Platform, and specifically waives any claims that such User may have in this regard under any applicable law.

    9.3 Notwithstanding its reasonable efforts dfcu Bank cannot control the information provided by other Users which is made available on the Platform. Users may find other Users’ information to be offensive, harmful, inaccurate, or deceptive. Users understand that there may be risks in dealing with underage persons or people acting under false pretence on the Platform. In entering into this release, the Users expressly waive any protections (whether statutory or otherwise) that would otherwise limit the coverage of this release in any manner.

    9.4 dfcu Bank shall have all the rights to take necessary action and claim damages that may occur due to a User’s involvement in any way on their own or through group(s) of people, intentionally or unintentionally, in DoS (denial of service) or DDoS (Distributed Denial of Services).

    9.5 For the avoidance of doubt, it is clarified that the right to indemnification in connection with any of the aforesaid causes of action is independent and in addition to other rights and remedies of the Indemnified Persons that may be available at law or in equity.

    9.6 It is further clarified that the rights and obligations under this clause shall survive a User’s cessation of the use of the Platform or the Services.

    10. SUCCESSORS

    10.1 These Terms shall apply to and bind any successors of a User.

    11. GOVERNING LAW AND DISPUTE RESOLUTION

    11.1 These Terms shall be governed by and construed in accordance with the laws of Uganda.

    11.2 The Courts at Uganda shall have exclusive jurisdiction over any proceedings arising in respect of these Terms.

    12. TERMINATION OF SERVICES/ACCESS

    12.1 dfcu Bank may cease to offer, operate, or provide access to the Platform or the Services at any time, in its sole discretion, without any liability and without any notice.

    12.2 dfcu Bank may, in its sole discretion, refuse, restrict or revoke access to the Platform or the Services of any person, terminate accounts or remove or edit their content if (i) it is discovered or brought to dfcu Bank’s notice or dfcu Bank has reason to believe that a person (i) does not conform or is likely to not conform to the eligibility criteria for access to the Platform or the Services, as determined by dfcu Bank in its sole discretion (ii) has breached or is likely to breach the Terms, or (iii) for any other reason that dfcu Bank, in its sole discretion, deems fit.

    13. MISCELLANEOUS

    13.1 The invalidity or unenforceability of any provision herein shall not affect any other part of these Terms of Use.

    13.2 No failure or delay by dfcu Bank in exercising any right, power or remedy under these Terms of Use shall operate as a waiver thereof, nor shall any single or partial exercise of the same preclude any further exercise thereof or the exercise of any other right, power, or remedy. Without limiting the foregoing, no waiver by dfcu Bank of any breach by any User of any provision of these Terms of Use shall be deemed to be a waiver of any preceding or subsequent breach of that or any other provision hereof.

    13.3 Each of the rights of dfcu Bank under these Terms of Use are independent, cumulative and without prejudice to all other rights available to it.

    13.4 The relationship between dfcu Bank and each User is on a principal-to-principal basis. Nothing in these Terms shall be deemed to constitute any person a partner, joint venture agent or legal representative of any other, or to create any fiduciary, employer-employee relationship between any such persons.

    13.5 dfcu Bank shall have the right to inspect and audit any Service Provider’s, FPO’s or Buyer’s records and place of business through itself or through its approved third-party testing agencies. Cost of such audit shall solely be borne by dfcu Bank unless such audit reflects a discrepancy in accounts or non-compliance with these Terms of Use, in which case the cost of such audit shall be borne by the respective User.

    13.6 In accordance with the Bank of Uganda Financial Consumer Protection Guidelines, 2011, and the rules issued thereunder, for any support, you can reach dfcu Bank through any of the following channels.

    a. Agribusiness Development Centre (ADC) Tel: +256 (0) 757 714768
    b. Agribusiness Development Centre (ADC) Email: info@adc.ug
    c. Visit our offices at Agribusiness Development Centre: Plot 1 Mackinnon Road, Nakasero, Kampala City Uganda (East Africa).
    d. Twitter: https://twitter.com/dfcugroup
    e. WhatsApp: +256 (0) 776 760760
    f. Toll Free Help Line: Call us on 0800 222000 / 0800 203206.
    g. SMS: Send an SMS to 8889
    h. Email: customercare@dfcugroup.com
    i. Visit any dfcu Bank branch in person or call 0200 504200.

     

  • Mobi Loan Terms and Conditions

    1. INTRODUCTION AND APPLICATION THE TERMS

    1.1 These Terms and Conditions (“Terms”) become effective when you apply for, access or use the dfcu Mobiloan (hereinafter referred to as “Mobiloan” or “Facility”).You may only use the Facility in accordance with these Terms.

    1.2 You must know, understand and comply with these Terms, as they form a binding agreement between you and dfcu bank (“the Bank”).

    1.3 It is important to read and understand the Terms and Conditions each time before you apply for the Mobiloan.

    1.4 Note that the Bank may update these Terms from time to time, the most up to date version of the Terms and Conditions will be available to you each time you apply for the Mobiloan.

     

    2. APPLICATION FOR A FACILITY AND ACCEPTANCE OF A MOBILOAN FACILITY

    2.1 Any Mobiloan applied for using your account credentials shall be deemed to have been initiated and authorised by you.

    2.2 When you authorise a Facility or when deemed to have authorized a Facility, you will be assumed to have given authorization to the Bank to book the Facility and credit your account with the amount of the Facility for which you qualify.

    2.3 You agree to electronically accept the Facility and applicable Terms and Conditions. The Borrower will be bound by their acceptance of the Facility.

     

    3. CONDITIONS PRECEDENT TO FACILITY UTILISATION

    Without prejudice to the discretion of the Bank to grant the Mobiloan, the availability of the Facility will be subject to the following conditions:

    a) due diligence and vetting of the Borrower by the Bank;

    b) the Borrower qualifying for the Mobiloan under the criteria set by the Bank and the Bank approving the Mobiloan;

    c) whenever applicable, the Borrower obtaining and availing a Financial Card to the Bank;

    d) all fees and interest, other than default interest, being paid upfront by the Borrower from the Facility amount;

    e) no event of default has occurred and is continuing and/or would result from the advance, drawdown or availment of the Facility;

    f) each of the representations and warranties being true and correct as of the date of drawdown before and after the drawdown;

    g) the absence of any Material Adverse Change which would affect the ability of the Borrower to perform its obligations under this agreement.

     

    4. REPRESENTATIONS AND WARRANTIES

    The Borrower represents and warrants to the Bank that the execution of the Terms and Conditions or any other document that the Borrower may be required to execute in relation to the Facility and the performance of the terms arising thereunder are within the Borrower’s powers and or have been duly authorised by all necessary actions and do not and will not contravene any law or any contractual or other restriction binding upon you.

     

    5. THE BORROWER COVENANTS WITH THE BANK THAT:

    5.1 If the Borrower shall default in payment of the Facility the whole sum outstanding together with default interest thereon shall become immediately due and payable.

    5.2. Any amount not repaid by its due date shall after the due date thereof attract the default interest as stated in clause 6.2.

     

    6. PRICING

    6.1 Interest

    Interest shall be charged at the rate of 10.8% per month; interest will be paid upfront at disbursement from the Facility amount.

    6.2 Interest on Overdue amounts

    Any amount not repaid by its due date shall after the due date thereof attract a default interest at a rate of 1% per day for the first fifteen (15) days following default.

    6.3 Changes in Interest Rate

    The Bank reserves the right to change the interest rate and the method of calculating interest at any time, in line with market conditions and or the risk rating of the Facility. The changes in interest rate may be notified to you via our website or may be published by the Bank in any national newspaper.

    6.4 Tariff Guide
    The services offered by the Bank are subject to the fees stated in the Bank’s Tariff guide that may be accessed at any of the Bank’s premises or the Bank’s website. The fees and rates applicable to the Facility may similarly be varied and notified to you via our website, published in the Bank’s Tariff Guide that may be accessed at any of the Bank’s branches or a notice published in a newspaper of wide circulation.

     

    7. APPLICATION OF MONEY RECEIVED TO REPAY THE FACILITY

    If any sum paid or recovered in respect of the Borrower’s liability is less than the amount then owing, the Bank may apply that sum to interest, fees, principal or any amount due in such proportions and order or in such manner as the Bank thinks fit.

     

    8. COST, EXPENSES AND FEES

    8.1 The Borrower agrees that all costs and expenses whatsoever including legal and auctioneers costs connected with the recovery or attempted recovery of money owing under the Facility as well as the contesting of any involvement in any legal proceedings of whatsoever nature by the Bank in connection with any account(s) of the Borrower shall be payable by the Borrower on demand, on a full indemnity basis, together with interest from the date the costs and expenses are incurred to the date of full payment at such rate as the Bank may prescribe (both before and after judgement).

    8.2 The Bank shall have the right at any time to debit the Borrower’s account with interest, commission, charges, fees, and all monies arising from the Facility as well as all amounts and sums of money mentioned in the preceding subparagraph as being payable by the Borrower. No such debiting shall be deemed to be a payment of the amount due (except to the extent of any amount in credit in the Borrower’s account(s) or a waiver of any event of default under any agreement relating to the facilities. If such debiting causes the Borrower account to be over drawn or overdrawn beyond the permitted limit, interest and any other applicable charges shall be payable accordingly.

    8.3 The Bank reserves the right to debit the Borrower’s account with any Insurance Premium for purposes of obtaining a valid Insurance for the Facility, as applicable.

    8.4 The Bank reserves the right to review, amend, alter fees and commission at its sole discretion as appropriate and advise the Borrower accordingly.

     

    9. PAYMENTS

    All payments by the Borrower in respect of the Facility shall be made in full without set-off deductions of counterclaims and free of and without deduction for or on account of tax unless the Borrower is required by law in any jurisdiction to make any such payments subject to such withholdings or deductions, in which case the Borrower shall pay such additional amount to the Bank as may be necessary in order that the actual amount received after such withholding or deduction shall be equal to the amount that would have been received if such withholding or deduction were not required. The Borrower shall fully indemnify the Bank from any liability with respect to the delay or failure by the Borrower to pay any taxes or charges. Without prejudice to the foregoing, the Borrower shall complete such forms and documentation as may be required from time to time by the Bank for the purpose of conferring upon the Bank the benefit of any applicable tax treaties or provision under applicable law for any other purposes in connection therein.

     

    10. WAIVER NOT TO PREJUDICE BANK’S RIGHTS

    The Bank may as it deems fit refrain from or forbear to enforce any of the terms in this Agreement or waive such conditions of any breach of the Borrower or the same without prejudice to its right at any time afterwards to act strictly in accordance with the originally agreed terms in respect of the existing or subsequent breach.

     

    11. AVAILABILITY

    The availability of these Facility is at all times subject to the compliance in such manner as the Bank thinks fit with any and all restrictions of the Central Bank of Uganda or any other applicable regulatory authority from time to time in force and all terms and conditions thereof remain subject to any directions of the Central Bank of Uganda as advised to the Bank from time to time.

     

    12. PAYMENT ON DEMAND

    In terms of normal Banking practice, the Facility or part thereof may be recalled by the Bank by written notice to that effect, payable either upon demand or within a period stated in the notice in which event the Facilities in question are cancelled and any liability to the Bank becomes payable either forthwith or on the date stated in the demand, as the case may be.

     

    13. CURRENCY CONVERSION

    The Bank reserves the right to convert any amount held and due to the Borrower for purposes of obtaining an amount equivalent to the Borrower’s obligation under the Facility. The Bank’s applicable exchange rate for the day shall apply to the conversion. The shortfall and exchange risk associated with the conversion shall be borne by the Borrower.

     

    14. BANK’S RIGHT TO WITHDRAW MOBILOAN PRODUCT

    14.1 The Bank reserves the right to withdraw the Mobiloan offering without prior notice to the Borrower.

    14.2 The Facility will expire and terminate and will be payable upon expiry of the tenure. Typically, the tenure for the Mobiloan is not more than thirty (30) days. Notwithstanding the expiry of the Facility, these Terms and Conditions once accepted shall remain in full force and effect, until the Facility and applicable interest is repaid.

     

    15. DISBURSEMENT

    Notwithstanding any provision or any Agreement between the Bank and the Borrower, the Bank shall not be obliged to make any disbursement in the following circumstances;

    a) during the existence of a default or an event of default;

    b) Unless and until the conditions precedent to every disbursement have been fulfilled by the Borrower;

    c) If the disbursement would cause the limit of the Facility to be exceeded.

     

    16. DISCLAIMERS AND WARRANTIES

    16.1 The Bank is neither responsible for, nor liable to You, for any loss due to:

    • interruption in the processing of the Facility or delay resulting from circumstances beyond its reasonable control. This includes power failure and network/technical faults, interruptions or delays in, communication with any telecommunication network, internet, Bank system or other system;
    • any of your instructions not being sufficiently clear;
    • any failure by you to provide correct information;
    • any failure by you to keep your account details, mobile phone or any other credentials used to access your account with the Bank or a Mobiloan, in safe custody;
    • any failure by you to report to the Bank immediately upon loss of your account credentials that may be used to fraudulently access your account with the Bank;
    • any indirect, special or consequential losses;

    16.2 The Bank shall rightly assume that all applications for, acceptance and utilisation of the Mobiloan using your mobile phone number or credentials are done and are authorized by you. The Bank shall not be held liable for transactions carried out on the contrary.

     

    17. PERMISSION TO PROCESS PERSONAL INFORMATION

    17.1 By applying for, accepting or using the Mobiloan, the Borrower consents to the Bank collecting his/her/its personal information submitted to the Bank and where lawful and reasonable, collected from public sources, for credit related purposes, detection or investigation of fraud or other illegal activity, compliance with regulatory requirements, as well as the purposes set out in the subsequent sub-clauses.

    17.2 You further consent to the Bank’s processing your personal information within the Bank and through third parties in and outside Uganda, to the extent necessary for us to provide you with our products and services, and to ask all parties that receive your personal Information to agree to our privacy policies.

    17.3 If you give us personal information about or on behalf of another person, you undertake and hereby confirm that you would have obtained authorisation of the data subject for the Bank to collect and process their personal information in and outside the country where the products or services are provided.

    17.4 As part of our services we would like to give you information about products and services offered by the Bank. As your personal information is confidential, we need your consent to share it for the purposes below, you consent will be deemed to have been given when you accept the Mobiloan terms and conditions. In event you are not agreeable to us sharing your personal information, please contact any of our branches and lodge your written objection for our further action. Consent given includes:

    • sharing your personal information within the Bank for marketing purposes, the Bank may market its products, services and special offers to you;
    • communicating third-party products, services and special offers to you. If you respond positively to the communication, the Bank may contact you;
    • contacting you for research purposes. (The research companies will follow strict codes of conduct and treat customer information confidentially.

     

    18. SANCTION SCREENING

    18.1 It is understood that the Bank will undertake sanction screening of the Borrower and its related parties. By submitting information pertaining to the Borrower and its related parties, the Borrower authorizes the Bank to undertake sanction screening, and where applicable confirms having procured necessary consent for the Bank to undertake sanction screening on the related parties.

    18.2 The Borrower undertakes to immediately notify the Bank upon becoming the subject of sanctions investigations; the Bank maintains the right to terminate the relationship should the Borrower become the subject of Sanctions under a regulatory body duly authorised to issue such sanctions including; the government of Uganda, Her Majesty’s Treasury of the United Kingdom (HMT), the Office of the Foreign Assets Control of the Department of Treasury of the United States of America (“OFAC”), the United Nations Security Council (“UNSC”), the European Union’s Common Foreign and Security Policy (EU) and the French Ministry of Economy, Finance and Industry.
    9.2.3 You hereby indemnify the bank against any actions, proceedings, claims and/or demands that may be brought against the Bank, as well as against losses, damages, costs and expenses which you may incur in connection with the seizure, blocking, withholding of any funds by any competent authority and any activity which directly or indirectly benefits any party against who sanctions have been established by any competent authority.

    18.3 You undertake that; You will not use (or otherwise make available) the funds/facilities on this account (s) for the purposes of financing, directly or indirectly, the activities of any person which is Sanctioned or in a country which is subject to any Sanctions; You will not contribute or otherwise make available, directly or indirectly, the funds/ facilities on this account (s) to any other person or entity if such party uses or intends to use such funds/ facilities for the purpose of financing the activities of any person or entity which is subject to any Sanctions; You are not involved in any illegal or terrorist activities currently or in the foreseeable future the subject of any sanctions investigation and shall notify the Bank if You become the subject of a sanctions investigation

     

    19. CREDIT INFORMATION SHARING

    The Borrower expressly permits and authorises the Bank at its sole discretion to carry out credit checks on the Borrower, or disclose the Borrower’s credit information to any authorised Credit Reference Bureau or member Financial Institutions, the Bank’s holding company and or associate/ subsidiaries, Government Agencies, External Auditors, Bank Lawyers, Bank Auctioneers, Bank Insurers and any other legal authorities. Such information may be used by other Banks or institutions for among others, assessing credit applications, debt tracing and fraud prevention as may be required by law or regulations. In this respect, the Borrower shall hold the Bank, all its officers, employees and agents indemnified from any action, proceedings or liability whatsoever relating to such disclosure.

     

    20. ASSIGNMENT

    The Bank may assign or transfer all or any part of its rights and benefits and obligations under this Agreement to any other person. Any such assignee or transferee shall have the same rights against the Borrower as if it had been a party to this Agreement as the Lender (to the extent of the rights assigned or transferred). It will not be necessary for the Borrower to take any action and or execute any documents to give effect to any such assignment or transfer other than is herein provided for.

     

    21. NOTICES

    Any notice, consent or communication permitted to be given or made under this Agreement shall be in writing and shall be deemed to have been duly given or made to You when delivered telephonically, via short message service (SMS) to your mobile phone number previously advised to the Bank, to Your last known place of business or sent by post/mail/email to Your last known address. This clause shall not apply to the service of the notice prescribed following a variation of the interest rate or fees applicable to this Facility.

     

    22. ANTI BRIBERY AND CORRUPTION

    The Parties to this Agreement shall comply with all applicable laws, statutes, regulations, policies and procedures relating to and governing antibribery and anti-corruption including but not limited to the Anti-Corruption Act 2009, and the Bank’s related policies and procedures. The Parties shall not engage in any activity, practice or conduct which would constitute an offence under the Act or policies. The Parties shall not, and shall procure that their employees, agents and sub- contractors do not offer, solicit or accept an inducement/advantage in connection with the service under this Agreement. Breach of this clause shall be deemed a material breach of this Agreement entitling the Bank to terminate the Agreement immediately.

     

    23. LAW APPLICABLE

    This Agreement and all document governing the Mobiloan shall be construed and have effect in all respects and in accordance with the laws of the Republic of Uganda and subject to the jurisdiction of the courts of the Republic of Uganda. The Borrower, by accepting the Mobiloan irrevocably submits to the exclusive jurisdiction of the Courts of Uganda.

     

  • Enjoy Real time Liquidation of all payments received for MoMopay Merchants into your dfcu Account

    Together with MTN MoMo, we have rolled out a solution which empowers MTN merchants to get real time liquidation of their MoMo accounts in a bank. The new solution enables Pay with MoMo payments to be  automatically transferred directly to the merchant’s dfcu Bank account.

    What is Real-Time Auto Liquidation for Merchant Payments?

    Real-Time Auto Liquidation is a new feature introduced by MTN Mobile Money to streamline and automate the process of settling MoMo payments for merchants. Instead of manual instructions, payments made through MoMopay will now be automatically and instantly settled to the merchant’s dfcu bank account.

    When will this feature be effective?

    The Real-Time Auto Liquidation for Merchant Payments banked in dfcu Bank is live (from 5th December 2023).

    How does this benefit merchants?

    • Instant access to funds: Say goodbye to the hassle of manual transfers. Your payments will be available in your dfcu Bank account in real-time, allowing you to access your funds immediately at Bank as is with other merchant solutions like Card payments.
    • Enhanced efficiency: Our new system eliminates the need for you to initiate the transfer, saving you time and effort. You can focus on what matters most – growing your business.
    • Reliability & security: Rest assured that your payments are securely and seamlessly transferred to your bank account without any delays or manual intervention.
    • Smoother transactions: This innovation ensures that merchants receive funds from Pay with MoMo transactions in real-time, eliminating delays caused by manual processing. This leads to smoother and more efficient financial transactions for merchants.

    Will merchants still need to provide manual instructions for liquidation?

    No, with the introduction of Real-Time Auto Liquidation, there will be no need for manual instructions or interventions. The feature will work like wallet to bank feature but for business accounts(merchants). The entire process is automated.

    What information is required during onboarding for MoMopay Payments acceptance?

    During onboarding, merchants need to provide the necessary bank account details where they wish to receive the automatic settlements. This information is crucial for the seamless operation of Real-Time Auto Liquidation. The onboarding process/forms for the merchant service therefore is the basis of the liquidating accounts provided by the merchants.

    How can merchants track their settlements and transactions?

    Merchants can continue to use the existing reporting tools provided by MTN Mobile Money (web portal) to track their settlements and transactions. The real-time nature of this feature allows for immediate visibility into payment activities.

    What happens if there are issues with the automatic settlement?

    In the rare event of any issues with automatic settlement, merchants can reach out to dedicated MTN & dfcu customer support team for assistance. We are committed to resolving any concerns promptly.

    Will there be any additional charges for using Real-Time Auto Liquidation?

    Currently, there are no additional charges associated with Real-Time Auto Liquidation. Merchants will continue to follow the existing fee structure for MoMopay transactions.

    How can merchants provide feedback or report issues with the new feature?

    Merchants are encouraged to provide feedback or report any issues through the MTN Mobile Money customer support channels. This input is valuable in enhancing and optimizing the system for everyone.

    How can I access dfcu:

    Merchants can visit the nearest dfcu Bank Branch or contact their relationship manager. They can also reach us on 0800 222 000 toll-free or WhatsApp 0776 760760 for more information about Real-Time Auto Liquidation for Merchant Payments with MTN Momo on momopayregistartion.uganda@mtn.com.

    Click here to download the FAQs

  • Pesapal POS Frequently Asked Questions

    How Do I Withdraw Money from My Pesapal Business Account?

    Withdrawing money from Pesapal is an easy 3 step process:

    1. Log into your merchant account.

    2. Click on the red ‘Withdraw Funds’ button.

    3. Select the currency and amount you would like to withdraw and click ‘Withdraw Funds’.

    Once completed, your money will be settled to the bank account provided when you opened your merchant account. Settlement to your bank account takes 48 business hours.

    My Client’s Payment Failed
    There are two main reason’s transactions fail:

    1. The transaction was flagged for mismatched client details.

    2. Denial by issuing bank – Some card transactions are cancelled by their issuing banks due to insufficient balance or other.

    If your clients are having problems making payments, please get in touch with your Account Manager immediately or contact support/account management. Account Management: Email: accountmanagement@pesapal.com Uganda: Phone: +256 (0)782 821 111

    What Cards Can I Use On Pesapal?
    You can use both debit and credit cards on Pesapal. At the moment, we support Visa, MasterCard and American Express cards.

    Is It Safe To Use My Card On Pesapal? Yes, it is. Pesapal uses bank level security and fraud detection software to keep your transactions safe. We are also PCI DSS and PCI PIN certified meaning we employ international security standards on all our transactions.

    Why Was My Card Transaction Declined? There are many reasons you card transaction could fail. Here are the most likely ones:

    1. Rejection by issuing bank – Your bank may decline to approve the use of your one reason or another.

    2. Your card may not be authorized for online purchases.

    3. Fraud detection – Sometimes your card may be flagged for potential fraudulent activity.

    4. Mismatched details – Details such as your billing address are different from what you input during the transaction.

    Can I Use More Than One Card On Pesapal? Yes you can. As long as you key in the correct card details while transacting. This includes the billing address and phone number.

    What Is The Maximum Amount Of Money I Can Transaction Using Mobile Money?
    There is a limit of UGX 5,000,000 placed on all mobile money transactions.

    What Is A Confirmation Code?
    A confirmation code is the 10 letter and digit code that appears on your confirmation message while using mobile money.
    This is code we use to track your transactions.

    Why Am I Experiencing Delays After Using Mobile Money On Pesapal?
    There are a couple of reasons you could be experiencing delay on your transactions.
    These include:

    1. Wrong Paybill or reference number – If you use the wrong paybill number or use an incorrect reference number during the transaction, Pesapal automatically reverses the transaction.

    2. System downtime – When systems experience a brief downtime, your transaction may take longer than usual to process.
    These is however rare, and your transactions will be completed so soon as systems are back up.

    I Have Forgotten My Password

    You will be required to: –
    • Log onto www.pesapal.com
    • Click on Login
    • Click on forgot password at the bottom of the page
    • Key in the email address associated with the buyer account
    • A link will be sent to that email, with the steps to reset the password

    Click here to download Pesapal POS Frequently Asked Questions

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