Museveni donates Shs500m to Wekembe SACCO

Museveni donates Shs500m to Wekembe SACCO

By UCSCU Media | April 23, 2018

Kampala. President Museveni has donated Shs500m to Wekembe, a savings and credit cooperative organisation (Sacco), founded by Kampala Archbishop Cyprian Kizito Lwanga.
“Together with the Archbishop Lwanga, we are going to sit and see how to help the members but today after witnessing the good work, in July, I am going to put Shs500m in your Sacco,” Mr Museveni said, adding that the money will be available in the Financial Year 2018/2019.

The President, who was the chief guest at the Sacco’s annual general assembly at Hotel Africana in Kampala, asked Archbishop Lwanga together with other leaders under the Inter Religious Council of Uganda to return and visit his farming projects that they missed during their last week’s visit to Rwakitura, Kiruhura District.

Archbishop Lwanga appreciated the President’s donation to the Sacco and promised to provide accountability after using the money to lend to members for development projects. The Sacco managing director, Ms Victoria Lukwago, said it has benefitted more than 2,000 households, with six of every 10 members being women in eight districts of Butambala, Kampala, Luweero, Mpigi, Mukono, Nakaseke, Buikwe and Wakiso.