By Emmanuel Bwambale
Rev. Deacon, Gabriel Fataki, the Principal Officer in charge of Grants in the office of South Rwenzori Diocesan Bishop has asked loan seekers to borrow for profit making businesses or else they will turn into bad debtors.
In an interview shortly after addressing members of Bukonzo United Teachers’ Corporative Saving & Credit Society during their 11th annual general meeting held at Kisinga vocation secondary school in Kisinga town council in Kasese district yesterday, Rev. Eng. Fataki asked members to borrow money with a refund plan to minimize frictions related to loan recovery.
He argued members of the Sacco against borrowing and investing in luxuries and ventures that do not bring timely profits if they were to be consistent in their refund plans. Rev. Eng. Fataki speaking…….
Rev. Eng. Fataki who was the Chief Guest, called for faithfulness among the Sacco leadership he asked to use her expertize to make profits as expected by the members. Rev. Eng. Fataki speaking……2
The Kasese District Principal Commercial officer, Mr. Simon Kasereka attributed the exemplary strength of Bukonzo united teachers’ corporative saving & credit society to strategic plans on loan recoveries, internal financial control and application of legal systems, active and transparency by the leadership. Mr. Kasereka speaking……..
The Sacco Manager, Ms Winfred Masika while presenting the Sacco work plan said their 2023 -2025 capital projection stands currently at 5.5 billion shillings. END