MWIZI SACCO AWARDS 38 MEMBERS WITH GOATS AT 20TH ANNUAL GENERAL MEETING

By Aggrey Twesigye

www.mknewslink.com

In Rwampara—-

Mwizi Sacco in Rwampara district yesterday held its annual general meeting in Mwizi Kabura Town council and 38 best members were awarded with Goats.

According to Aaron Ntegyereize the general manager Mwizi Sacco, members who received goats are those who; saved well, have many shares in the Sacco and managed to pay back their loans in time.

He said that they were able to survive COVID 19 by reducing the number of; staff and meetings then invested the money into Sacco.

He revealed that so far their loan portfolio stands at 7.1 Billion shillings and their savings have increased to over 2 billion shillings.

Julius Karuhanga the area Member of Parliament Rwampara East who officiated at the function called for standardization in the process of awarding loans to Sacco members.

Karuhanga emphasized that the Sacco should always award loans in disregard of one’s Status.

The legislator further noted that bank Managers and loans officers should always organize harmonization meetings with loan defaulters instead of rushing to take them to Court.

Moses Magumba the Deputy Registrar in the ministry of Tourism, Trade and Industry who was the guest of honor thanked the Sacco management for driving the Sacco through the struggling times of COVID 19 pandemic as witnessed by the growth the Sacco.

Mwizi Sacco located in Mwizi Kabura Town council in Rwampara District started in 2001. It currently has 12,408 members and it’s ranked as the best Sacco in Rwampara District and the fourth in Greater Mbarara.

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