About

SOLUTI started its operations in 1994 under Strømme Foundation Regional office. In a bid to specialise in Microfinance service delivery, Strømme Micro Finance East Africa Limited was incorporated as a company limited by guarantee in 1998 and later in April 2004 as a company limited by shares. This company was owned by Strømme Microfinance AS in Norway, Strømme Foundation Regional Office in East Africa, Solidarité Internationale pour le Développement et I’Investissement (SIDI) in France and Catholic Organisation for Relief and Development Aid (Cordaid) in Netherland.

In 2019, Stromme foundation and Cordaid sold their holding to SIDI and hence, SOLUTI is currently owned 99.98% by Solidarité Internationale pour le Développement et I’Investissement (SIDI) in France, and 0.02% by Mrs. Priscilla Mirembe Serukka a renowned Development worker In Uganda. She is also the current Board Chairperson.

SIDI is a social investor that was created in 1983 by CCFD-Terre Solidaire, the French major private donor to improve the living conditions of vulnerable and marginalized people in developing countries, through the creation and strengthening of individual and community-level income-generating activities. SIDI is active in 35 countries with a high commitment in Sub-Saharan Africa. With this acquisition, SOLUTI shall remain one of the leading wholesale lenders in East Africa.

The company as a local funder has supported over 50 partner institutions in its 25 years’ journey through its debt and capacity building interventions. Some of the institutions that have been supported and matured into regulated financial institutions and are now attractive to several local and international funders include: Pride Microfinance (MDI) Ltd, UGAFODE Microfinance (MDI) Ltd, Finance Trust Bank Ltd, Brac Bank Uganda Ltd , Opportunity Bank Ltd( all in Uganda)  and Yetu  Plc in Tanzania.