Loans
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Cooperatives & Communities
Aduku ‘Road Gang’ forms SACCO
Laborers employed to carry out road maintenance within Aduku town council, Kwania district, have formed a Savings and Credit Cooperative Society (SACCO). The SACCO, dubbed “Aduku Town Council Road Gangs’ SACCO Limited,”…
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Cooperatives & Communities
Co-operatives turn to external loans as COVID-19 continues to bite
As the aftereffects of the COVID-19 global pandemic continue to rattle businesses even at the local level, a number of cooperatives have resorted to external loans in order to boost their liquidity.…
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Cooperatives & Communities
MADFA SACCO registers 75% increased member savings in two years
The Masindi District Farmers Association (MADFA)’s SACCO has registered an increase in members’ savings from Shs. 1.2 bn to 2.1 bn over the past two years, representing a 75% growth. According…
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Cooperatives & Communities
Kwania district launches Teachers’ SACCO
Kwania district officials have launched a teachers’ savings and credit cooperative organization (SACCO). The SACCO, which will accommodate all 1,074 teachers of primary and secondary public schools in the district, was launched…
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Cooperatives & Communities
Incoming Mwizi SACCO leadership cautioned on integrity
Bob Bariyo Barigye, the Commissioner for Cooperative Development and acting Registrar of Cooperative Societies has called for good governance if cooperatives are to thrive. Barigye made the remarks Friday while officiating at…
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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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