Loans
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Cooperatives & Communities
Don’t Expand Too Fast, SACCOs Warned
MBARARA – Rubindi Parish Priest Rev Fr. Felix Bikwasizehi, patron of Rubindi Farmers’ SACCO has warned cooperative societies not to expand their footprint too quickly. Forming new branches too quickly, he said,…
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Microfinance Institutions In Trouble In Kwania
KWANIA –In Kwania and Apac Northern districts Savings and Credit Co-operative Societies (SACCOs) have become the preferred go-to lenders threatening to lock out microfinance institutions. The SACCOs are drawing in huge numbers…
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Cooperatives & Communities
SACCO Leaders Shun Management Training
HOIMA – Last week Hoima City and the district leadership scheduled two weeks of training sessions in financial literacy for all SACCO leaders that lack basic money management knowledge but surprisingly they…
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Cooperatives & Communities
Members Get SACCO Managerial Training
GULU – At least 80 members of Savings and Credit co-operatives from 17 rural groups, with little or no managerial skills of their own, have received training in managing SACCOs formed under…
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Cooperatives & Communities
Rwampara SACCOs Get Nod To Borrow Emyooga Funds
RWAMPARA – April 14 was a day of celebration and a moment of renewed hope for members of saving groups in the Western district of Rwampara after they got the official nod…
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Cooperatives & Communities
Odongo was poor but Loro-Oyam Sacco lifted him out of poverty
In 2016 Pasquelli Odongo, 42, dreamt of building a residential house in his village, Ayom-Apwono, in Aber Sub County, and five years later he is a proud owner of a modest three-room…
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Seventeen SACCOs pass fitness test, get registration certificates
SOROTI – Seventeen out of 18 Saccos in Soroti City East Division passed the fit-and-proper test and finally got their certificates of registration and bylaws from the registrar of cooperatives. The certificates,…
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Cooperatives & Communities
New Sacco to give out Cheap loans in Hoima
The newly launched KASSOBA SACCO is on course to open with offers of cheap loans to members of Kabalega Secondary School Old Boys Association (KASSOBA). The official launch was on April 3…
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Cooperatives & Communities
Long-dormant sacco in Masindi bounces back
A long-dormant savings and cooperative credit society has been revived. The Masindi Savings and Cooperative Credit Society Limited has been revived by members after a two-year lull. The SACCO membership comprises mainly…
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Cooperatives & Communities
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…
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