NEWS- The Greater Kabale Community Cooperative Society (Sacco) leaders have been urged to sensitize and intensify member training to foster the development of the Sacco.
The call was made by the Kabale District Resident District Commissioner, Mr. Godfrey Nyakahuma, who was the chief guest at the 3rd Annual General Meeting of the Greater Kabale Community Cooperative Society Limited, held at Little Litz Gardens in the Central Division of Kabale Municipality.
Nyakahuma reminded the Sacco leaders that through training and media publicity, the Sacco will be visible to the community, thus urging them to sensitize the masses on its use and benefits. The commissioner stated that Saccos have decreased the poverty ratio of Ugandans because of the low-interest rates they incur in their loans.
Nyakahuma discouraged vendors from opting to take loans from money lenders but to rather resort to Saccos given their different advantages highlighting that the government is injecting money into parish Saccos under the Parish Development Model such that all Ugandans will benefit, and the poverty level will decrease.
Cue in…………Nyakahuma on Sacco
Counsel Naturinda Eliab Mporera, who is the chairman of the Sacco Board of directors asked the SACCO leaders to remain focused, especially in smoothly running its activities, warning them against involving politics in Sacco operations.
Mporera further asked the members to continue learning the saving culture to develop and improve household income. He challenged the leaders to mobilize the members of the community to join the Sacco for development.
Cue in……………Mporera on members
While speaking in the same meeting, Lydia Namara, who works with the Microfinance Support Centre in the department of finance, encouraged Sacco leaders to always analyze clients before they are given loans, as it will decrease the Sacco’s deficit to the members.
Namara revealed that most of the clients nowadays use Saccos as a hiding place from other loans from banks and sister commercial facilities; therefore, she urged Sacco leaders to take up the initiative of analyzing their clients.
Cue in………….Namara on clients
