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A ray of hope for demoralized members of Kigarama People’s SACCO as Pre-AGMs commence

BUHWEJU – Kigarama People’s SACCO are holding pre-Annual General Meeting (AGM) in preparation for the 2021/2021 AGM due in December,2021.

According to Grace Rukumbagaza, the SACCO Chairman said, the exercise covers 6 SACCO branches and will elect 200 delegates to participate in the 2020/2021 AGM as per the SACCO bylaws.

During their first meeting in Karungu branch in Buhweju district, Rukumbagaza confirmed that 30 delegates were democratically elected instead of handpicked as some members had earlier alleged.

“It’s good that we have all witnessed how members have successfully elected their representatives not handpicked as some members had earlier alleged because you can’t hand pick all these able-bodied gentlemen and women,” said Rukumbagaza.

During his speech, Rukumbagaza also disclosed that Kigarama People’s SACCO is doing well as the board committee managed to buy a double cabin vehicle and also installed mobile banking systems to ease the banking services.

“During this Covid-19 pandemic, we spent a lot on hiring means of transport but now we have bought a car at Shs 140million, bought a house for Butare branch at  Shs  60million and also used Shs 60million to complete our mobile money banking system which I want to launch today,” said Rukumbagaza.

He further added that members’ savings are secure and the SACCO is running on a share capital of Shs3.4 billion.

He also pledged that he SACCO will start giving out new loans to members effective January 2022, a time when the President promised to lift Covid19 lockdown.

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