RUKUNGIRI- Leaders of Nyarwanya Sacco in Bugangari Sub County were asked to respect people’s money as the only way that will make the Sacco develop.
The call was made the Minister of security who’s also the Rujumbura County legislator who was represented by his Political Assistant Isaac Kaharauza at the 24th annual general meeting of the Sacco that took place at Bugangari sub county headquarters yesterday.
Minister Muhwezi said that mishandling of people’s money is among the top contributors of Saccos’ downfall in the district and asked the leaders to desist from the vice and focus on development.
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He encouraged everyone in Rukungiri district and the entire country to engage in commercial enterprises in order to make money and advance their own lives rather than relying solely on sustenance.
Minister Muhwezi contributed Ugx.10 million to support Nyarwanya sacco and assured the members of his continued commitment to support the Sacco.
Atuheire Carolyn the commercial officer urged board to always employ competent workers that will help sacco to develop instead of employing greedy people who puts bad image to the sacco. She also called parish development model beneficiaries to start preparing for repayments as period is coming to the end for the first beneficiaries
Wycliffe Twinomujuni Makky, the chairperson of Nyarwanya SACCO thanked Minister Jim Muhwezi for the support adding that the money received will be put to use such that the SACCO can make profits.
However Can Makky showed the dissatisfaction of defaulters and unmet expectations have also contributed to an increase in the number of dormant accounts where some customers open accounts with the hope of getting a particular products such as a loan but may not qualify and abandon the account.
Speaking at the same function SSP Apollo Kyangungu the Rukungiri district police commander asked members to always make timely repayment if they are to avoid being arrested.
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