Kebisoni Credit and Savings Cooperative Society Ltd based in Kebisoni Town Council has celebrated 25 years of her existence at their Headquarters where they elected a new Board of Directors who will steer the Financial Institution for the next 4 years.
Kebisoni Sacco was established in 2001 by the community around Kebisoni and registered to provide financial services to its members and its fully affiliated to Uganda Cooperative Alliance, Uganda Cooperative Savings Credit Union and Uganda Central Cooperative Financial Services.
Kebisoni Sacco is premised on a mission of prosperous membership being served by a reliable and sustainable services and a mission statement of serving the needs of members at an affordable and quality credit facilities.
Those elected to steer Kebisoni Sacco for the next 4 years include Rev Fr Emmanuel Safari as Chairperson, Alex Nathan Mugabe as Vice Chairperson, Evarist Mubangizi as Secretary General, Dick Oworinawe Yegabe as Treasurer, while Ms Phaebe Byabakama, Emmanuel Rugagwana, Patrick Muhangi, Kamusiime and Milton Gabotsya were elected as committee members.
According to the General Manager, Ainembabazi Advin, Kebisoni Sacco has a total of 11, 487 members with a total share capital of Ugx 3.4 billion, while the savings stand at Ugx 6.3 billion and a loan portfolios of Ugx 17.3 billion with branches in Kebisoni Town Council, Mabanga and Nyamunuka Trading Centre and Rukungiri Municipality.
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It’s now on record that Kebisoni Sacco has in the previous year focused on improving financial services to members and the management and Board have worked hard to improve loan portfolios, enhance saving mobilization and improved operational efficiency and remained to prudent financial management and responsible lending practices which has made the Sacco one of the best performing Sacco in Western Uganda.
In the year 2025, there was rigorous mobilization and a total of 1,840 new members were recruited in Kebisoni Sacco due to introduction of new products coupled with good governance and leadership.
Kebisoni Sacco gives Credit and Loan services, Savings Accounts, Mobile Money Services Community Financial Literacy trainings, School fees collection accounts, Stanbic and Centenary Banks Agency Services and Mobile Banking Services.
Products offered at Kebisoni Sacco include Ordinary Voluntary Savings, fixed deposits savings, Junior Savings, school fees loans, home improvement loans, Boda Boda loans, Agricultural Loans, Business Loans, Salary Loans and Bakazi Batungukye Loan.
Kebisoni Sacco is currently operating a Delegates Representation System where 193 delegates were elected at a ratio of 1:40 meaning 1 delegate represent 40 its four zones of Kebisoni, Mabanga, Nyamunuka and Rukungiri.
Despite all these achievements, the Sacco is experiencing several challenges that include dormant accounts, Loan defaulting, failure by members to procure more than 5 shares and failure by members to make substantial savings.
However, the Board of Directors recommended to increase the individual loan size to a maximum of Ugx 200 and also increase Social Insurance from Ugx 5,000 to Ugx 10,000 where a deceasedd member will get Ugx 2 million upon death and also buy a vehicle worth Ugx 200 million.
In a speech read for him, the Guest of Honour, the Minister of State for Finance in Charge of General Duties Hon Henry Musasizi Aliganyira reaffirmed the government commitment to strengthen Saccos across the country in order to meet the increasing demands of its members.
Minister Musasizi also called for strict observation of banking practices and urged the Management to clear payment for Licence from Bank of Uganda to allow it become a legal binding tool of operation as prescribed by law.
The Chief Guest retired banker and Director of Rukungiri Agriculture Training College, Emmanuel Turyamuhika Kikoni asked the Sacco members to invest in what benefits the community which is land and education.
Earlier, Robert Asiimwe who represented Uganda Cooperative Alliance (UCA) General Secretary Ivan Asiimwe asked the Delegates to play their roles mandated by the Sacco rules and regulations and also represent the image of the Sacco by ensuring that the people who elected them are well repressed.
Asiimwe said that the strength of the Sacco depend on strong mobilization for members to buy shares which are backbone for the financial institutions, make savings on their accounts and utilise and pay back loans as agreed without fail in order to make the Sacco strong.
During the meeting, the Sacco made a recognition of 30 members who had become members when the Sacco was registered in 2001 and also gave gifts to long serving staff, the best performers in Savings and Loan disbursement in the financial year 2025.
