JUBILEE SACCO WEST ANKOLE DIOCESE MAKES PROFITS WORTH 481M
By Wilber Muhwezi Kasibante
Jubilee Sacco West Ankole diocese has made 481,310,402M profits in the year 2022.
This was revealed by the board chairman Mr. Jonas Tumwiine during the sacco’s annual general meeting held today 24th 03 2023 at Tuzza hotel Bushenyi town.
The sacco started 17 years ago as West Ankole clergy pensions scheme by Emeritus Bishop William Magamba.
Bishop Magamba hailed the current Bishop of west Ankole diocese Rt.Rev. Bishop Twiinomujuni for strongly mobilizing for the sacco hence its current growth.
The general manager of the sacco Mr. Kenneth Matisko called upon members and those who are not yet members to join (new members), buy shares, save, take loans and pay back on time.
Members who performed well during the course of the year were given gifts by the sacco. These included parish priest of Rukondo church of Uganda Kitagata archdeaconry Mr Laban Batungyire.
According to the chairman Mr. Jonas Tumwiine the sacco has increased membership from 2,015 in 2021 to 2,867 members in 2022 making it a total of 11,003 general members.
He added that the sacco has 6 branches, 2 sub branches and one outreach.