BUTUURO SACCO MAKES A BILLION PROFIT FROM 3.5 M IN 2007
By Wilber Muhwezi Kasibante
www.mknewslink.com
In Bushenyi—–
Butuuro financial services located in Nyakabirizi division yesterday made record of making a profit of one billion from 3.5 million made in 2007 when it had just started.
This was revealed yesterday by the founder of the SACCO Mr. Pison Mugizi who was full of happiness after the SACCO made a profit of one billion with branches in Nyakabirizi, Kyabugimbi, Kashenshero and Bikurungu in Rukungiri district.
The founder Mr. Pison Mugizi revealed that the SACCO began with one million and now it has asset and cash portfolio of 20 billion.
The chairman board of directors Mr. Benson Barigye Mbugane assured members that the SACCO is moving on the right path and is now as a Certified Public Accountant, therefore no money can be stolen or misused in his presence.
He added that this year, they will open a branch in Mbarara city which will serve the city and surrounding areas.
The chief guest who is also the vice chancellor Kyambogo university Prof. Elly Katunguka Rwakishaya urged members of Butuuro and other people around to take their children to schools in order for them to have a fruitful future.
He added that parents should utilize Kyambogo Bushenyi learning center because when you study from Katungu learning centre, there is no difference with a person who studies from main campus Kampala.
Dignitaries who attended the AGM include, Assistant commissioner in charge of trade industry and cooperative Hope Christine Komujuni, board members who included; Henry Bamwine the treasurer who has done a technical great job in making sure Butuuro Sacco grows.