Management of Saccos asked to build people’s trust
Sacco administrators have been challenged to create an environment which attracts people to save their money with trust. The call was sounded Elly Katunguka, the vice chancellor Kyambogo university at the fundraising in Kampala for Buturo Sacco in Bushenyi district.
Katunguka noted that people get frustrated with the corruption and entrenched embezzlement of members funds by the management of SACCOs. He hailed Buturo Sacco for being a role model with trust of people’s money ,transforming people’s mindset on saving and encouraging them to work to fight against poverty.
Pison Mugizi, the Sacco patron said Buturo Sacco is now controlled by bank of Uganda and will soon be recognized as a microfinance deposit institution (MDI).
On his own, Benson Barigye, the chairman board attributed this achievement to good monitoring the board has on people’s money and good management designed with good teamwork.