NTUNGAMO, UGANDA – Members of the Kyabukuju Twimukye Sacco Limited have been called upon to leverage their financial cooperative as a catalyst for economic empowerment, steering clear of practices that could jeopardize its stability and future.
Thank you for reading this post, don't forget to subscribe!The charge was issued on Friday, February 27, 2026, at All Saints Church Rubaare, in Rubaare Town Council, Ntungamo district, during the SACCO’s 20th Annual General Meeting.
Presiding as the Guest of Honour, Benon Musinguzi urged the members to adopt a proactive approach toward their SACCO by engaging in productive and disciplined financial behaviors.
“Members should proactively engage in productive, disciplined financial behaviors that strengthen the SACCO, rather than adopting a passive, spectator, or fatalistic attitude that accelerates its failure,” Mr. Musinguzi stated.
He emphasized that genuine member benefits hinge on viewing the SACCO as a tool for economic empowerment rather than a source of free or easy money.
Outlining the tenets of effective utilization, Mr. Musinguzi highlighted a regular saving culture, borrowing for productive investment, timely loan repayment, and active ownership and governance as essential principles.
The meeting, which also served as an electoral assembly for new leadership, heard from SACCO Chairman Julius Nampurira. He acknowledged existing hurdles while painting a picture of an institution on a positive trajectory.
Despite noting challenges such as loan defaulting, members selling off collateral securities, limited share capital and savings, and a high dormancy rate, Mr. Nampurira reported that the SACCO has experienced significant growth.
He reported that the loan portfolio had grown impressively from 10.44 billion UGX in 2024 to 12.84 billion UGX by the end of 2025, while members’ savings similarly increased from 7.85 billion UGX to 8.40 billion UGX over the same period.
The Ntungamo District Commercial Officer, Mr. Ezra Aryanyijuka, asserted that acquiring more shares, borrowing loans, and ensuring timely repayment were surefire ways to accelerate the SACCO’s growth.
Mr. Aryanyijuka, who presided over the elections, also commended the outgoing board for managing the SACCO’s activities with integrity and without internal conflict.
The SACCO’s General Manager, Edith Nanyondo, thanked the members for their unwavering support while highlighting the institution’s competitive edge, including its favorable loan interest rates of 2% and 1.8%, both calculated on a reducing balance.
She used the platform to rally more community members to join the cooperative and outlined ambitious plans to enhance service delivery, including the construction of a dedicated headquarters building.
Ms. Nanyondo added that there are plans to open new branches to bring services closer to members, and to introduce a school fees payment system to facilitate transactions for both secondary and primary schools.
The 20th Annual General Meeting was well-attended by delegates representing the SACCO’s various branches, underscoring the membership’s vested interest in the institution’s continued success.
