Uganda’s economy, like many others around the world, is experiencing changes in the cost of living. Prices of goods and services are shifting, and many families, boda boda riders, market vendors, and small business owners are adjusting their daily budgets to keep moving forward. While these shifts can feel challenging, they are also an opportunity for all of us to rethink how we manage money and build stronger financial habits.
At Fido, we believe that inflation does not have to mean financial hardship. With the right strategies—borrowing responsibly, budgeting wisely, and making the most of available financial tools—you can not only keep your household or business stable, but also position yourself to thrive in the future.
When prices rise, the value of money changes. A basket of groceries that once cost less may now require a few extra notes, or a litre of fuel may stretch your budget more than before. These small adjustments are part of economic life everywhere, not just in Uganda. For a parent paying school fees, a boda boda rider buying fuel, or a shop owner restocking shelves, every shift matters.
Recent figures from the Uganda Bureau of Statistics show that Uganda’s annual inflation in August 2025 was around 3.8%, with food, transport, and household goods being the most affected. While this may seem like a challenge, it’s also a reminder of the importance of financial discipline and planning.
Borrowing money often gets a bad reputation, but when done responsibly, it can be a powerful tool for financial stability and growth. Instead of thinking of a loan as a burden, it helps to see it as a bridge—something that allows you to meet important needs today while you prepare for tomorrow.
Here’s how smart borrowing can help you during times of rising costs:
At the Boda Boda Expo earlier this month, riders shared how even a small loan helped them fuel their bikes or carry out quick repairs, allowing them to continue earning a daily income. That’s the power of smart borrowing—it helps you keep moving forward.
While loans can help you through tight spots, good budgeting is the shield that protects you against financial stress. A strong budget puts you in control of your money, no matter what prices look like in the market.
Here are some simple but effective practices:
By combining these budgeting habits with responsible borrowing, you create resilience. You don’t just survive price changes—you adapt and keep your family or business steady.
One of the challenges many Ugandans face is that traditional loans often require collateral, guarantors, or complicated paperwork. This can leave out hardworking people who don’t own land titles or cars but still need quick financial support.
That’s where Fido loans stand out:
Fido’s mission is financial inclusion—making sure every Ugandan, whether a farmer in the village, a market vendor in Kampala, or a boda boda rider in Mbale, can access funds that make a real difference in their lives.
Inflation is part of every economy, and Uganda is no exception. But it doesn’t have to hold you back. By borrowing smartly, budgeting wisely, and working with the right financial partner, you can stay ahead of challenges and build a stronger tomorrow.
At Fido, we are here to walk with you on this journey. Whether it’s keeping your children in school, fueling your boda boda, or keeping your shop stocked, our loans are designed to give you the support you need—fairly, quickly, and responsibly.
Survive today. Thrive tomorrow. With Fido by your side, you’re not just managing inflation—you’re building your financial future.