By Wilber Muhwezi Kasibante
Bushenyi Bubilee SACCO will very soon be turned into a commercial bank in a bid to streamline it’s services.
Bushenyi Jubilee SACCO operates under West Ankole diocese in greater Bushenyi sub-region.
The chairman board of directors Bushenyi Jubilee SACCO ;Rev.Dancan Mugumya made the revelation today while speaking at the 12th Annual General meeting held at Katungu Mothers Union centre in Bushenyi town.
Rev.Mugumya further disclosed that the bishop of West Ankole Diocese; Rt.Rev.Johnson Twinomujuni has given them a helping hand in mobilizing Ug.Sh.300,000,000 to support the SACCO.
He says 23 billion shillings is needed before the SACCO becomes a commercial bank.
The SACCO members hailed the diocesan synod for allocating a piece of land to them where Jubilee SACCO headquarters will be built.
According to Rev.Mugumya, the SACCO has so far saved Ug.sh39,000,000 in addition to the members dividends.
The Bushenyi district Commercial officer; David Byamukama who was the chief guest appealed to the SACCO members to save for their future if they are to live a better life.
During the AGM,Rev.Dancan Mugumya was re-elected the chairman board of directors deputized by Jonath Tumwine.
Source: www.mknewslink.com; a western Uganda news website.