The members of Kyabukuju Twimukye Sacco Limited have been asked to use their Sacco to improve on their livelihoods and income generating rather than engaging in activities that may lead to collapse of the Sacco.
The revelation was made by the guest of honor Mr Benon Musinguzi during Kyabukuju Twimukye Sacco Limited annual general meeting held at All Saints Church Rubaare, Rubaare town council, Rushenyi county Ntungamo district on Friday 27th, February 2026 that was characterized of electing board members, chairperson supervisory committee and supervisory committee member.
Mr Musinguzi said Members should proactively engage in productive, disciplined financial behaviors that strengthen the Sacco, rather than adopting a passive, spectator, or fatalistic attitude that accelerates its failure.
He added that effective use of a Sacco implies viewing it as a tool for economic empowerment rather than merely a source of free or easy money.
He also highlighted some of key meanings of using a Sacco effectively they include; regular saving culture, borrowing for production not consumption, timely loan repayment, active ownership and governance among others.
The Sacco chairperson board Mr Julius Nampurira acknowledged that though there are some challenges like loan defaulting, members sell off collateral securities pledged to the Sacco, limited share capital and savings, high dormancy rate and loss of some good members, the Sacco is improving having more members joining, increase in savings and share capital.
He added that currently Sacco increased loan portfolio from 10.44bn by 2024 to 12.84bn in last year 2025 and savings increased from 7.85bn by 2024 to 8.40bn in 2025. He called upon members to heed to the main purpose of joining the Sacco.
The Ntungamo district commercial officer Mr Ezra Aryanyijuka who presided over the election echoed the sentiment of guest honor that having more shares, borrowing loans and timely repayment can quickly improve the growth of their Sacco and hailed the Sacco board for running the Sacco activities in good faith with no intrigues.
The Sacco general manager Ms Edith Nanyondo commended the support of members to the Sacco and it’s substantive services compared to others Saccos like giving loans to their members at considerable rate of 2% and 1.8% both at a reducing balance. She rallied other members to join the Sacco.
She underscored some of the future plans to improve services to their customers like construction of its building for headquarters, opening of more branches to bring nearer services to their members, use of school pay to pay schools fees both in secondaries and primaries.
The 20th annual general meeting was attend by delegates from Sacco branches.
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