Kazo: Joy as Mbaba Sacco is launched
Residents of the Mbaba, Kazo sub-county, Kazo district are overjoyed after officially getting their Savings and credit cooperative (Sacco) which they started as a group.
During their first 1ST General meeting and launch of the Sacco held in Mbaba trading center on Wednesday, these members told our reporter that this group helped them so much, adding that becoming Sacco will help them to achieve more in the future.
Mwesigye Stanly, the chairman of the Sacco, revealed that this Sacco started in the year 2020 as a group of members with the aim of acquiring the capital for starting their businesses and getting money to develop their families.
Baguma Peter, the Kazo district commercial officer who served as the guest of honour launched them as Sacco and asked them to follow the laws governing the Saccos in Uganda in order to make their Sacco sustainable.