Mitooma, Uganda – Bitereko People’s SACCO held its 22nd Annual General Meeting at its headquarters in Ruhinda North, Mitooma district. The meeting brought together delegates, leadership, and stakeholders to review the society’s progress in 2025.
Chairperson of the Board of Directors, Mr. Ngabirano Augustino, emphasized the significance of the meeting, stating that it provided an opportunity to share reports on performance and operations, and chart a way forward for 2026. He highlighted Bitereko People’s SACCO’s strategic alliances with partners, including schools, churches, government, and NGOs.
Ngabirano reported that the SACCO experienced both growth and challenges in 2025, losing 13 members who passed away, but welcoming 570 new members. The SACCO disbursed 13 million shillings to the families of deceased members. It recorded a profit of 104,536,761 shillings.
Treasurer Mr. Mpora Victor reported that the SACCO paid off a Stanbic Bank loan in 2025 and paid 29,269,597 shillings interest on external loans. He projected a project income of 1,332,200,000 shillings in 2026.
Guest of honor Mr. Muhwezi Paul, Manager of Pearl Bank Ishaka branch, praised Bitereko People’s SACCO as the best in Mitooma district, calling for a single, well-informed regulator for SACCOs to spur growth and avoid over-regulation.
Bitereko People’s SACCO aims to empower rural communities through business development, savings mobilization, training, credit services, and poverty reduction.
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Story By : Nkagashaka Aventino
