By Enos Masereka,
Members of KGR-Rola Sacco have resolved to invest their share capital in the purchase of plots of land, as a strategy to boost their income.
The resolution was made today during the first Annual General Meeting (AGM)held atKasese Guide Radio Gardens in Kasese Town.
Mr. Kule Planner, General Secretary, who described land as a valuable asset, commended KGR-Rola members for supporting the proposal to invest the Sacco’s funds in land rather than issuing loans.
During the AGM, an ultimatum was issued: members with outstanding debts were tasked to clear them by December 27th, and new members may only join if they pay any required arrears and the registration fee.
Mr. Planner also expressed his appreciation to the management of Kasese Guide Radio–Omusondolya for allowing the formation of the Sacco, which could in future transform into a fully-fledged Bank. According to Ikongo Geoffrey, KGR-Rola treasurer, the Sacco has over 40 Million shillings in shares. END