Bushenyi, Uganda –The Kyamuhunga Jubilee Sacco, celebrating its 12th Annual General Meeting in Butare C.O.U, Kyamuhunga T/C, highlighted impressive financial growth and emphasized the importance of member participation in fostering local prosperity.
Assistant RDC Bushenyi, Mr. Kasigazi William Donanto, addressed the gathering, urging members to prioritize investments in the Sacco’s share capital over external loans.
“Avoid the expense of external loans,” Mr. Donanto stated. “Investing in your Sacco is a more sustainable and cost-effective path to financial empowerment.” He stressed the importance of monitoring key financial indicators like share capital, savings, and loan portfolios. He commended the Kyamuhunga Jubilee Sacco for its strong performance.
General Manager, Ms. Pamela Ntwirenabo, echoed this message. “Our primary goal is to provide secure, reliable, and sustainable financial services to the economically active low-income members of our community,” she stated. “We envision a strong, self-sufficient institution, empowering our members to build prosperous futures.” Ms. Ntwirenabo urged members to increase savings and recruit new members to raise share capital further.
District Commercial Officer, Mr. Twebaze Cresencio, added a critical note, cautioning members against loan defaults and the impact on their community standing. He encouraged members to build their economic independence through hard work, responsible saving, and prudent borrowing practices.
Mr. Twebaze emphasized the importance of ethical leadership and transparency from the board of directors (BOD) and management, advocating for ongoing best practice benchmarking to achieve even greater success. He highlighted the role of the BOD in being exemplary leaders within the Sacco.
Long-time member and esteemed shareholder, Ms. Grace Muhwezi, who received a special recognition for being a top share holder and having benefited greatly from the Sacco, commended the management and stakeholders for their dedication to improving performance.
She encouraged collective efforts, accountability, and acting as ambassadors for the Sacco in all interactions.
The Kyamuhunga Jubilee Sacco’s 2024 performance figures are truly remarkable:
* **Membership:** 12,450
* **Share Capital:** UGX 1,449,000,000
* **Savings:** UGX 4,206,000,000
* **Loan Portfolio:** UGX 7,668,000,000
* **Surplus:** UGX 871,000,000
These impressive numbers underscore the Sacco’s commitment to its members and its potential to play a key role in the economic development of the Kyamuhunga community.
End.
