Saccos urged to employ competent staff to improve performance
The Bishop of West Ankole Diocese, Bishop Johnson Twinomujuni has challenged Sacco management to employ technical and competent staff for the safety of the member’s savings.
Speaking at the 17th annual general meeting held at Tuzza hotel in Bushenyi town, Bishop Twinomujuni who doubles as patron for Jubilee Sacco West Ankole noted that several people are willing to join Saccos, but don’t want to risk because they think their funds may not be safe.
The Bishop hailed board members of Jubilee Sacco and their staff for good work which has led them to improve on performance regardless of post-COVID-19 challenges.
Jonas Tumwine, the chairman board Jubilee Sacco revealed that in the year 2022, the Sacco has made over UGX 480million in profits and increased membership from 2,015 in 2021 to 2,867 members in 2022 making it a total of 11,003 general members.
Tumwine urged the management to strengthen mobilization to increase membership which will in turn increase share capital in the Sacco and meet the targets.
Kenneth Matsiko, the general manager Jubilee Sacco attributed the achievements to cooperation among members, staff and the board saying this year, the Sacco has progressively improved compared to last year.