SACCOs
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Cooperatives & Communities
Bugamba People’s SACCO Gets New Leaders
RWAMPARA – After a few stumbles, the long-shelved election of leaders of Bugamba People’s Savings and Credit Cooperative (SACCO) was held on May 20 in Rweibogo village, Bugamba Sub County in Rwampara…
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Cooperative Goes Into Money Lending
GULU – A savings and loans services association formed in 2019 by West Acholi Cooperative Union has soared to new heights of growth – through money lending of about Shs 10,000 to…
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Cooperatives & Communities
Youth told: Greed For Money Is Killing You
KWANIA – In a training meeting with youth leaders from Kwania District, Dr Joseph Odongkara Abraham, a former principal commercial judge in the UK, offered some honest advice: “You have remained poor…
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Cooperatives & Communities
SACCO Demands Leadership Audit
SHEEMA – Members of Kitagata Savings and Credit Co-Operative Society have signed a petition urging the Chief Executive Officer of Uganda Microfinance Regulatory Authority, UMRA, to audit the SSACCO leadership. In their…
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Cooperatives & Communities
Struggling SACCO Appeals For Bailout
HOIMA – A struggling Teachers’ Saving and Credit Co-operative Society (SACCO) in Hoima Oil City is appealing for a government financial bailout – with good reason. The 175 member Hoima Municipality Teachers…
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Cooperatives & Communities
Masindi Demands New Modern Market
MASINDI – A heave of frustration and anger is boiling over in Masindi Municipality as vendors lash out at the delayed construction of a new modern market under the Markets and Agriculture…
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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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Cooperatives & Communities
Gulu District SACCOs Run On Shoe-string Budget
GULU – About 30 cooperatives in the northern district of Gulu will be kneecapped financially in the 2021/2022 financial year. They have been offered only Shs 7.9 million to run their activities…
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Cooperatives & Communities
Kwania District Releases Emyooga Cash
KWANIA –After passing the multi-layered fit-and-proper test, at least four out of 36 Savings and Credit Cooperatives (SACCOs) in Kwania district have finally received Shs 30 million each under the Presidential Initiative…
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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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