NELSON K
Kashanda Tukore SACCO members have been warned to repay their loans on time, prioritize regular savings, and buy more shares after the board and loans committee threatened to intensify recovery efforts, including naming defaulters during AGM meetings.
The resolution was made today during the closure of the 2025 Financial Year 17th AGM. The meeting brought together the Board Committee and newly elected delegates, meeting for the first time since their selection.
Kashanda SACCO board Chairperson, Mr. Amanya Ivan Rwanyakibare, welcomed delegates to their first AGM for FY 2025. He said the meeting reviewed the SACCO’s performance in terms of income and expenses.
He noted that the SACCO’s performance is currently hindered by low income due to delayed loan repayments, failure to buy more shares, and poor savings.
He urged members to buy more shares, encourage friends to join, and improve their savings for the SACCO’s growth. He also warned defaulters to repay loans on time to aid budgeting and increase profits, threatening legal action against those who fail to return SACCO funds.
Rwanyakibare assured members of fair and efficient service delivery, pledging that all members will benefit equally from the SACCO through partnership with the board, staff, and members.
SACCO Manager, Mr. Tumwebaze Grand, thanked members and delegates for supporting the SACCO’s improvement. He echoed the call for debtors to pay on time and warned of action against those refusing to pay.
He asked members to be SACCO ambassadors and recruit others, pledging to commit his efforts and knowledge to the SACCO’s development. He called for cooperation from delegates and the loans committee in handling debtors.
Guest of Honor, Mr. Sez Niwagaba, Ntungamo District Commercial Officer, urged the board and loans committee to triple efforts in demanding repayment for clear accountability. He expressed frustration with members who deliberately default and advised the board to display their names on meeting report lists.
He also warned against sharing profits as dividends, advising that profits be retained in the internal account for stability and accountability. He called for cooperation and solidarity among members to generate more income, saying this benefits everyone.
