Cooperative slashes fees to attract new members
To shore up its numbers, Lira Diocese Multipurpose Cooperative Society Limited has slashed its membership fee from Shs 50,000 to Shs 30,000 to encourage registration of new members with minimal fees.
In a speech at the recent annual general meeting (AGM) held at the Apostolic Social Centre in Lira City, Cyprian Okello, the cooperative’s vice-chairperson, said many people had failed to register because they couldn’t afford the registration fee of Shs 50,000.
“We are forming the central mobilization committee. We shall ensure that each and every parish forms a mobilization committee that will include the catechist, parish priest, and the key people to strengthen mobilization, we want people everybody to understand the benefit of joining a cooperative,” he said.
So far the cooperative has 150 members. It was formed by Sanctus Lino Wanok, the Bishop of Lira Diocese in 2019, to improve the livelihoods of Christians in the nine districts of the Lango sub-region.
Patrick Vincent Muge, a member of the cooperative, said to succeed, the cooperative should engage only able and willing people to carry out Sacco activities.
Muge also urged the leadership to carry out more mobilization of Sacco members.
Father John Bosco Oryema, a member of Alito Catholic parish was excited by the reduction of the membership fees, saying it will encourage women to participate in the cooperative.
“The reduction will give avenues for women to join the cooperative, most women spend their money on running the day-to-day family affairs but now the fee reduction is an open chance for them to join the cooperate and save money to grow,” he noted.
Rt. Rev. Sanctus Lino Wanok, the founder of the cooperative, rallied the public to join the cooperative to alleviate poverty.
“Due to the coronavirus pandemic that negatively affected businesses, the time is now for people to head towards a direction that will make them easily assist one another, cooperate in business enterprises and alleviate poverty,” he said.
The man of God nudged the clergy to mobilize the community to join the cooperative to increase household income and improve their livelihoods.
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