By Chris Mugasha Bushenyi district authorities have launched investigations into the operations of about eight Savings and Credit Cooperative Societies (SACCOs.) According to the Bushenyi Resident District Commissioner (RDC) Robert Atuhaire, there are lots of reports of fraud and mismanagement in these SACCOs. He said they have already sent reports to the ministry of trade…
By Chris Mugasha Five top officials of a SACCO in Bushenyi district have been arrested for allegedly causing the collapse of the SACCO. The arrested officials have been leaders of Bumbeire SACCO in Bumbeire Sub County which has since closed its operations. They are being accused of mismanaging the SACCO where over 2000 members/shareholders have…
SACCOs are crying foul over the increasing number of loan defaulters. People borrow but at the time of paying back, it becomes a problem. In this article the Bishop of West Ankole Diocese Rt.Rev Johnson Twinomujuni gives tips of managing a loan.
By our reporter Kyamuhunga Peoples Credit Savings and Credit Society Ltd (KYAPS) yesterday held its 25th annual general meeting (AGM.) KYAPS is one of the giant SACCOs in the Country taking the 4th position. KYAPS has a membership of over 45000 spread in 10 branches. It now operates in 7 Districts of Bushenyi, Mitooma, Rubirizi,…