TWINOMUHWEZI O
Members of the North Kigezi Diocese SACCO have been encouraged to uphold moral values, elect competent leaders, and adopt a strong saving culture to ensure the cooperative’s growth and sustainability. This call was made by Rt. Rev. Bishop Onesimus Asiimwe, the SACCO’s patron, during the 11th Annual General Meeting (AGM) held at All Saints Church in Rukungiri Municipality.
Bishop Asiimwe emphasized the importance of financial discipline, urging members to save more, borrow wisely, and avoid loan defaulting. He also advised SACCO leaders to uphold transparency, strengthen financial controls, maintain a professional management team, and introduce innovative solutions such as ATM services through partnerships with other financial institutions.
Speaking at the event, Ven. Dickens Baguma, the board chairman, announced plans to expand SACCO services to communities in Bwambara and Nyakishenyi. This outreach initiative aims to increase membership and improve service delivery.
Ronald Kansiime, the SACCO’s general manager, urged members to cooperate with technical staff to facilitate growth and ensure efficient service delivery. He revealed that plans are underway to extend services to hard-to-reach areas, making financial support more accessible.
Guest of honor Denis Barigye Mishambi echoed the call for moral values in SACCO leadership, emphasizing the need for competent and ethical leaders to steer the cooperative forward.
Currently, the North Kigezi Diocese SACCO has 2,200 members, with projections to increase this number through mobilization efforts. Established 10 years ago, the SACCO has consistently provided loans across various categories to support its members.
According to an external audit report, the SACCO’s net interest income stands at UGX 161 million, with a balance disposable income of UGX 76 million.
