RDC KATEERA PLEDGES TO CLOSELY SUPERVISE MWIZI SACCO AFTER OFFICIALS EMBEZZLE FUNDS

By Aggrey Twesigye

www.mknewslink.com

In Rwampara—

The Rwampara RDC Emmy Katera Turyabagyenyi has tasked the new board members of Mwizi Sacco in Rwampara district to work with integrity and focus much on leaving a legacy at the end of their   tenure.

Katera noted that he will ensure close supervision of the Sacco as previously the SACCO officials engaged themselves in corruption.

Mwizi Sacco which started in 2001 has over 1195 members with current savings amounting to 1.5 billion Uganda shillings, yesterday held its annual general meeting where delegates from different branches converged at the Sacco headquarters to take part in the exercise.

The newly elected chairman Mutabazi Wilson pledged to restore the lost glory of the Sacco by lobbing from the microfinance support center and ensuring that the Sacco is in the right hands of its clients. 

The Mwizi Sacco General manager Aaron Ntegyerize noted that though the Sacco experienced setbacks in 2020 when the then chairman Evarist Mujuni was implicated in swindling Sacco funds mounting to 411 million shillings, it is now steadily regaining its lost glory in the Region.

He said that now the Sacco has the savings of 1.5 billion shillings and that they hope to increase their savings to 2.5 million shillings in this new financial year.