About Us

OUR STORY

Empowering Community Banking in Uganda, Rwanda and South Sudan to expand financial inclusion

Teleka is a tech platform born from both necessity and innovation due to the effects of the Covid-19 lockdown which represented a widespread financial exclusion affecting countless individuals in Uganda and South Sudan, preventing many from accessing essential financial services like savings and loans.

Deriving its name from the Luganda word “Save”. Teleka is a tech-driven platform designed to empower Village Savings and Loan Associations (VSLAs) and Savings and Credit Cooperative Organizations (SACCOs), enabling them to manage their finances more efficiently and effectively.

TELEKA SOFTWARE

Using Teleka, groups of low-income entrepreneurs come together to share and guarantee one another’s loans becoming engines of development.

The cornerstone of Teleka is its innovative use of artificial intelligence. Our AI technology assists saving groups and cooperatives in accurately measuring their capital requirements. This crucial feature enables these groups to attract financing from larger institutions like the Uganda Development Bank and secure substantial loans from commercial banks. With such resources, they can offer more to their members, including loans and investment opportunities, thus fostering financial inclusion and stability.

Since launching in 2022, we have developed a fully functional web and Android mobile application. Currently, over 20 VSLAs and SACCOs with more than 10,000 members use Teleka to streamline their operations.

Mission

To democratize financial services by empowering community-based financial organizations with advanced technological tools. We aim to enhance the financial capabilities of VSLAs and SACCOs, enabling them to serve their members more effectively and drive community development through increased financial inclusion.

Vision

To create a financially inclusive environment where every individual and community group has the tools and opportunities to achieve financial stability and growth.

Our Core Values

  • Community Empowerment: We believe in strengthening communities by providing them with the tools to foster self-sufficiency and economic empowerment.
  • Transparency: We uphold the highest standards of integrity and openness in all our interactions and transactions.
  • Innovation: Continuous innovation is at the heart of what we do; we strive to apply cutting-edge technologies to solve real-world problems.
  • Inclusivity: We are committed to creating solutions that are accessible to all, regardless of their economic background or geographic location.
  • Sustainability: We pursue strategies that promote long-term economic health and prosperity for the communities we serve.