By Enos Masereka,
Teachers in Kasese district are being urged to embrace the saving culture in Sacco’s so as to reap profits from loans through initiating profitable projects.
Mr. Godfery Bwambale, the Principal commercial officer for Kasese Municipality, said some teachers have not embraced the saving culture and called on them to start saving and investing in projects that will help them in the future.
Addressing members of United Professional teachers Sacco during their 3rd Annual general meeting held today at Shiloh hotel in Kasese town, Godfrey, advised teachers to buy more shares and use the Sacco for social cohesion.
He challenged teachers to against the habit of acquiring loans in financial institutions charged at high interest but use the Cooperative to get loans at low rates. Mr. Godfrey speaking…
Kasese District Education officer, Mr. Ernest Thabugha advised teachers to have alternative source of income but also warned them against multiple loans. Mr. Thabugha speaking….
The Municipal Education Officer, Seith Ahebwa, said money is governed by three principals, including consumption and savings.
Mr. Seith speaking….
Mr. Julius Baluku Banzwekwera, the Sacco chairperson said the establishment of the teachers Sacco is to relieve teachers from acquiring loans from Money lenders. Mr. Julius speaking….
The Sacco has accumulated savings of 25 million shillings. END.
