{"id":10361,"date":"2026-03-01T09:29:40","date_gmt":"2026-03-01T09:29:40","guid":{"rendered":"https:\/\/westernpearlreports.com\/?p=10361"},"modified":"2026-03-01T09:29:41","modified_gmt":"2026-03-01T09:29:41","slug":"kyabukuju-saccos-loan-book-swells-to-12-84-billion-ugx-amidst-expansion-plans","status":"publish","type":"post","link":"https:\/\/westernpearlreports.com\/index.php\/2026\/03\/01\/kyabukuju-saccos-loan-book-swells-to-12-84-billion-ugx-amidst-expansion-plans\/","title":{"rendered":"Kyabukuju SACCO&#8217;s Loan Book Swells to 12.84 Billion UGX Amidst Expansion Plans"},"content":{"rendered":"\n<p><strong>NTUNGAMO, UGANDA<\/strong> &#8211; 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.<\/p>\n\n\n\n<p>The charge was issued on Friday, February 27, 2026, at All Saints Church Rubaare, in Rubaare Town Council, Ntungamo district, during the SACCO\u2019s 20th Annual General Meeting.<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>\u201cMembers 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,\u201d Mr. Musinguzi stated.<\/p>\n\n\n\n<p>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.&nbsp;<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>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&#8217; savings similarly increased from 7.85 billion UGX to 8.40 billion UGX over the same period.<\/p>\n\n\n\n<p>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&#8217;s growth.<\/p>\n\n\n\n<p>Mr. Aryanyijuka, who presided over the elections, also commended the outgoing board for managing the SACCO&#8217;s activities with integrity and without internal conflict.<\/p>\n\n\n\n<p>The SACCO&#8217;s General Manager, Edith Nanyondo, thanked the members for their unwavering support while highlighting the institution&#8217;s competitive edge, including its favorable loan interest rates of 2% and 1.8%, both calculated on a reducing balance.<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>The 20th Annual General Meeting was well-attended by delegates representing the SACCO\u2019s various branches, underscoring the membership&#8217;s vested interest in the institution&#8217;s continued success.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NTUNGAMO, UGANDA &#8211; Members of the Kyabukuju Twimukye Sacco Limited have been called upon to leverage their financial<\/p>\n","protected":false},"author":11,"featured_media":10362,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,23],"tags":[],"class_list":["post-10361","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Kyabukuju SACCO&#039;s Loan Book Swells to 12.84 Billion UGX Amidst Expansion Plans -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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