MBARARA, October 12, 2023 – Wazalendo Savings and Credit Cooperative Society [ WSACCO ] has embarked on the sensitisation drive aimed at helping members boost loan productivity.
According to Charity Namanya, the WSACCO publicist, sensitisation campaigns on loan productivity have been carried out in the North, West Nile, Eastern, Western and Central parts of the country, where some members showcased their projects.
Brig. Gen. Peter Candia, the Commandant Armoured Warfare Training School, Karama commended WSACCO leadership for the new initiative of sensitising and discussing with members on how best they can use the loans.
“This campaign is inspiring, informative, and challenging. I am sure it is going to be a game changer in the Force’s welfare. Our role now is to go and start projects according to individual capacities,” Candia advised, further urging WSACCO members to always pay back the loans in time.
The vice chairman WSACCO board of directors, Lt. Col., Allan Kitanda appealed to WSACCO management and board to support the sensitisation campaign, saying it will help members to learn how to invest.
Kitanda added that the new interactive approach will create a spirit of collective learning and help in building synergies among members.
Kitanda appreciated Micheal Kabindi, a teacher at Bombo Army Secondary School who owns a poultry project in Matugga Wakiso district and all the other presenters that showcased their projects for other members to learn.
The Chief Executive Officer WSACCO, Col. Joseph Freddy Onata emphasised that the sensitisation campaign is meant to link WSACCO’s credit function to members’ welfare.
He further explained that the approach is meant to trace the impact created by Shs 2.3 trillion that was disbursed to members over the last 16 years. “This approach is intended to help the board of directors and management to assess the general performance of WSACCO in improving the welfare and household incomes of its members,” Onata noted.
Capt. David Baryamwijuka who spoke on behalf of the members who demonstrated the projects expressed his gratitude to WSACCO leadership for coming up with the initiative which he said ensure wealth creation at household level, adding that it is a basis for national development and social economic transformation.
“Many people are already doing something but they don’t know where to get information but this interaction will enable members to have successful projects,” Baryamwijuka said.
Some of the WSACCO members have embraced beekeeping, fish farming, piggery, dairy farming, agroforestry, goat rearing ,poultry keeping, banana growing among many other projects financed by WSACCO. WSACCO is mainly made of soldiers of Uganda People’s Defence Forces [UPDF].
https://thecooperator.news/wsacco-trains-mbarara-saccos-in-financial-literacy/
Buy your copy of thecooperator magazine from one of our country-wide vending points or an e-copy on emag.thecooperator.news
Views: 6
-
-
-
-
