Rukungiri Farmers SACCO Members Urged to Support Growth 

Rukungiri: Members of Rukungiri Farmers SACCO have been encouraged to support the institution by borrowing loans, saving regularly, and buying more shares to strengthen its development. 

Rukungiri District Commercial Officer, Keith Ainebyoona, made this appeal on March14, while addressing delegates during the SACCO’s 7th Annual General Meeting at Hotel Riverside in Eastern Division, Rukungiri Municipality. 

Ainebyoona emphasized that recruiting new members is the responsibility of all members, not just the chairperson and management. He urged them to spread awareness about the benefits of the SACCO to attract more people. 

CUE IN…… AINEBYOONA  //RR.

Rukungiri Farmers SACCO Vice Chairperson, Denis Kamwehanga, revealed that the SACCO currently has 1,200 members, a loan portfolio worth UGX 1.3 billion, share capital of UGX 236.7million, cash at hand of UGX 4.9million, and savings totaling UGX 1.2 billion. He noted that last year’s performance was slightly better compared to 2023. 

Kamwehanga also highlighted key challenges facing the SACCO, including loan defaulters, low savings, inadequate share capital, and liquidity issues.

SACCO General Manager, Patience Atuheire, outlined their key targets, which include increasing membership by 25%, growing savings by 20%, expanding the loan portfolio by 25%, and maintaining a cost-income ratio below 60%.

CUE IN….. ATUHAIRE //RR