Members of the Buyanja Savings and Credit Cooperative Organization (SACCO) gathered on 7th Feb,2026, for a pivotal meeting aimed at enhancing their understanding of financial opportunities and development strategies within the cooperative. The zonal meeting, attended by numerous members, provided a platform to discuss new loan products and financial literacy.
Innocent Trust, the Credit Manager of Buyanja SACCO, led the discussions, emphasizing the significance of member education in fostering development. Trust explained that the meeting aimed to share vital information concerning the SACCO’s new offerings, encouraging members to leverage these resources for personal growth. “Understanding and utilizing our loan products is key to improving your financial situation,” he stated.
Among the newly introduced loan products are salary loans, a youth loan, and an overdraft facility, each specifically designed to meet the diverse needs of the SACCO’s members. Trust urged participants to take advantage of these offerings, noting that they were structured to support members’ ambitions and improve their overall well-being.
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Monica Bwankwindi, a board member on the Loans Committee, shed light on the importance of financial literacy in loan acquisition. She urged members to thoroughly read loan forms before making requests, advising them to tailor their loan amounts to their savings, income, and expenditure levels. “This knowledge will help loan officers assist you better and ensure your repayment plans are realistic,” she said.
Furthermore, Bwankwindi addressed the responsibilities of guarantors, stressing the need for them to verify that sufficient collateral is available to secure loans. She emphasized the critical role of cooperation with chairperson leaders, warning that any missteps could result in financial strain for both the borrower and the guarantor.
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Abel Matiita, the treasurer for Buyanja SACCO, expressed gratitude for the large participation at the meeting, viewing it as a sign of loyalty and commitment toward the SACCO. “This turnout demonstrates our members’ desire for growth and development,” he remarked. Matiita highlighted the essential role of saving as the cornerstone for success and called for a collaborative spirit among members and management to propel the SACCO toward sustainable growth.
As the meeting concluded, members left feeling empowered and informed, eager to utilize the resources available to them. The Buyanja SACCO continues to pave the way for financial literacy and development in the country, embodying the cooperative spirit of progress and community advancement.
