The SES in the Army was implemented in the last Quarter of the Calendar Year 2005.  It was part of Welfare Scheme which was implemented together with Wazalendo SACCO.  The intention of the Army Leadership was to organize easy and affordable credit to UPDF Personnel through Commercial Banks as a short term strategy in order to let Wazalendo SACCO grow and take over that function.

THE MoD/UPDF signed a Memorandum of understanding with some Commercial Banks on the following dates:- 

Stanbic Bank              10 Oct 2005

Post Bank                   20 Nov 2005

Centenary Bank          09 Dec 2005

Barclays Bank                        2009

All the Memorandum were to run for two years.  However, the banks have continued to offer SES loans to UPDF personnel up to Nov 11 when it was suspended because of high interest rates on loans. It should be noted that there are other banks which did not sign agreement with MoD/UPDF but the Army Leadership left the personnel free to access loans from those banks.