Entries by techcherio

Hoima Sacco, Government clash over Shs 50m loan

HOIMA – In a speech at the annual general meeting of the Hoima District Referees Saving and Credit Co-Operative Society (Sacco), Board Chairman Patrick Kunihira, publicly voiced his concern about a deliberate lack of financial and technical support from the Microfinance Support Center (MSC). Kunihira told members gathered at Kitara Secondary School on April 4 […]

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 at Kolping hotel in the western Hoima town. According to Samuel Mugisa, the interim chairperson of KASSOBA SACCO, the old boys resolved to […]

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 active and retired civil servants of the Masindi district local government. On April 1, Moses Kalyegira, the Masindi district commercial officer, convened a […]

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 a speech at the recent annual general meeting (AGM) held at the Apostolic Social Centre in Lira City, Cyprian Okello, the cooperative’s vice-chairperson, […]

North Kyoga Police warns against new SACCO scam

Police in North Kyoga Region has cautioned the public about a recent scam that specifically targets SACCOs and warned people against giving their money to individuals they do not know personally if they are to avoid falling prey to such fraudsters. “Across our region, a number of vulnerable individuals and some SACCO members have sadly […]

SACCOs urged to embrace tech, digital lending

Savings and Credit Cooperative Societies (SACCOs) have been urged to embrace the latest technological innovations in order to catch up with market trends and safeguard their market share. Speaking during a one-week training of Ikwera SACCO Members, held in Aduku town council, Kwania district, the former Land Minister Daniel Omara Atubu rallied the SACCO Members […]

Microfinance minister to promote Emyooga products

The Minister of State for Micro-Finance & Small Enterprises, Hon. Haruna Kasolo Kyeyune has pledged to create a department within the Microfinance Support Centre to expand the market base for products produced under the Emyooga scheme. Kasolo made the pledge last Friday while visiting Emyooga SACCOs in Mbarara after Immaculate Tumuhimbise, the Chairperson of Mbarara […]

Kabarole: Kitojo Care SACCO holds first AGM after COVID-19 setback

Kitojo Care SACCO in Kabarole district has held its Annual General Meeting (AGM) this week, after missing out on holding one in 2020. While cooperatives are required by law to hold an AGM every year, Kitojo Care SACCO, like many others countrywide, was unable to fulfill this obligation last year due to the COVID-19 pandemic […]

Kabarole: Kitojo Care SACCO holds first AGM after COVID-19 setback

Kitojo Care SACCO in Kabarole district has held its Annual General Meeting (AGM) this week, after missing out on holding one in 2020. While cooperatives are required by law to hold an AGM every year, Kitojo Care SACCO, like many others countrywide, was unable to fulfill this obligation last year due to the COVID-19 pandemic […]

Nine SACCOs cleared to receive Emyooga funds in Masindi

Nine out of 54 SACCOs in Masindi district have been cleared to receive the long-awaited Emyooga cash, Moses Kalyegira, Masindi district’s Commercial Officer has revealed. Kalyegira says the nine, which hail from the three constituencies of Masindi municipality, Bujenje county, and Buruli had met all the requirements for receiving the money and had already received […]