Financial institutions approved loans to a tune of UGX1.930Trn in October 2025, with personal loans taking the biggest share.This is according to the Ministry of Finance, Planning and Economic Development’s the Performance of the Economy Monthly Report for November 2025 that was released last week.“The value of credit approved for disbursement in October 2025 totaled UGX1.930Trn slightly less than UGX2.121Trn in September 2025. Despite this, the approval rate (loan applications against credit approvals) was 76.7% slightly higher than 75.5% in September 2025. In particular, Personal and Household loans continued to receive the largest share of credit approved, accounting for 24.7% (UGX477.5Bn) of the total in October 2025. This was followed by Trade at UGX312.8Bn, Building, Construction & Real Estate at UGX247.9Bn) and Business, Community, Social and Other Services at UGX229.7Bn. Other major recipients of credit included Agriculture UGX227Bn, and Manufacturing UGX217Bn,” the report says, adding that the stock of outstanding private sector loans rose slightly to UGX24.353Trn in October 2025, up from UGX24.287Trn in September 2025, representing a modest growth rate of 0.3%.The report also indicates that in October 2025, Government spent UGX4.614Trn which was higher than the programmed UGX3.811Trn by UGX802.74Bn, a performance that was mainly attributed to higher than planned spending on the purchase of goods & services as well as grants, particularly to local governments during the month. The report also reveals that in October 2025, Uganda Revenue Authority collected UGX758.58Bn in direct domestic taxes, representing a 89.4% performance rate against the UGX848.32Bn target for the month, with the Ministry of Finance attributing the shortfall on lower collections from PAYE, Corporate tax and Withholding tax during the month.Similarly, indirect domestic taxes posted a shortfall of UGX25.64Bn amounting to UGX659.83Bn against the UGX685.47Bn target, a decline that was attributed to lower collections from both Excise duty and VAT on goods such as sugar, spirits, soft drinks, electricity and phone talk time among others during the month.The Ministry of Finance also revealed that cumulatively this financial year (up to November 2025), domestic revenue collections have amounted to UGX12.774Trn, a 95% performance rate against the UGX13.448Trn cumulative target. The post Personal & Household Loans Take The Lion’s Share As Banks Approve Loans Worth UGX1.93 Trillion In October appeared first on Business Focus.