STUDIO LINES: 0779-780-978/ 0752-780-978 |
Financial literacy training workshop for Emyooga and PDM leaders at Ibanda University organized by ICON and Stanbic bank

SACCOs urged to embrace technology to ease operations, safeguard data

Emyooga and Parish Development Model (PDM) savings and credit cooperative societies (SACCOs) in Ibanda Municipality have been encouraged to embrace technology to support their operations.

The call came after it emerged that only two of the 18 Emyooga SACCOS in the Municipality have at least one computer each, with the others still relying on paper records.

According to Stanbic Business Incubator’s business manager, Sheila Agaba, the SACCOs were operating ‘dangerously’ by relying on books and the analog systems of record keeping.

She said in case of fire outbreaks, or if the managers disappeared with the record books, all the SACCO’s information would be lost.

Agaba advised the SACCOs to deploy quality management information systems that provide accurate data and timely reports, among others.

She noted that proper and reliable documentation was also a key aspect of governance.  

Grace Ngonzi, the chairperson of market vendors SACCOs in Ibanda town, supported the idea, saying that since last month when the group got a computer from the Microfinance Support Centre, it has eased operations like tracking members’ savings and compiling lists of borrowers.

Deo Tugume, the principal commercial officer Ibanda Municipality, encouraged the SACCOs to put in place necessary structures and facilities that will safeguard and support their operations.


This was on Wednesday afternoon during a financial literacy training workshop for Ibanda Municipality organized by Ibanda Community Organisation Network (ICON) with support from Stanbic Bank for Emyooga and PDM leaders at Ibanda University.

Please follow and like us:


97.8 Kazo FM Omushomesa is the biggest power house, source of information, education and entertainment in Western Uganda. We are second to none in playing hit music, educational programs and entertainment. We are found in Kazo district, Kazo town. Our lanagauge of broadcast is Runyankole. Broadcasting on 97.8 FM, the station reaches 120kms out of Kazo District. Follow us on Facebook: 97.8 Kazo FM Twitter: @978KazoFM Instagram:97.8 Kazo FM


97.8 Kazo FM is a Modern radio Station operating from the heart of Kazo district.


Kazo Fm - 97.8 Omushomesa | All Rights Reserved | Design: Javanet Systems

Follow by Email