Loans
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Cooperatives & Communities
Boda boda operators urged to form SACCOs
Boda Boda operators in Aduku Town Council, Kwania district have been urged to form Savings and Credit Cooperative Societies (SACCOs) as one way to promote economic growth and social cohesion among them.…
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Cooperatives & Communities
Kwania: Emyooga cash delay worries SACCOS
Members of Credit Co-operative Societies (SACCOs) in Kwania district under the Emyooga program have expressed frustration after they were informed that they have to carry on with saving for some time before…
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News
SACCOs grappling with fraud, poor governance
A significant number of Savings and Credit Cooperative Organizations (SACCOs) in Uganda have suffered fraud and poor governance, a new report indicates. The report was released by the Project for Financial Inclusion…
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Cooperatives & Communities
Savings groups warned against sharing savings for Christmas
Rogers Byamukama, the Federation of Uganda Football Association’s (FUFA) delegate for the Albertine region, has condemned the practice, widespread among savings groups in Masindi district, of sharing their savings among members to…
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Cooperatives & Communities
54 SACCOs to benefit from Emyooga in Masindi
54 SACCOs have been formed out of over 1000 groups which were registered to benefit from the Presidential Wealth, Job Creation Initiative, commonly known as Emyooga, in Masindi district. Before they can…
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Cooperatives & Communities
Munaku Kaama SACCO tipped on mechanisms to mobilize savings, recover loans
As many cooperatives across the country continue to grapple with the COVID-19 pandemic’s disruption of mobilization of members’ savings and recovery of loans, cooperators have been tipped on member-centered strategies they can…
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Kabarole SACCO management alarmed as loan recovery drops to 20 percent
The management of Kihondo Savings and credit cooperative society (SACCO) in Kabarole district has expressed concern about the declining loan recovery rate within just four months of lockdown. Kihondo SACCO, one of…
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Cooperatives & Communities
Sebei Elgon Cooperative Union stuck with Shs 500m debt.
The new management of Sebei Elgon Cooperative Union, one of the oldest cooperatives in Eastern Uganda, is currently stuck with a Shs 500m debt accumulated during previous board’s tenure. According to Elisha…
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Cooperatives & Communities
This is why SACCO loans are more preferable than bank loans
If you’re keen enough you must have noticed that today more and more banks are pledging to lend cheaply to borrowers. This has seen Kenyans turn to SACCOs, with the proportion of…
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