By Frederick Anyine
To succeed in the business loans from financial institutions like banks and saccos with a well planned investment without the fear of risking and failure is paramount..
Julius Kasibante the Regional Coordinator Netherlands Development
Organization SNV in charge biogas project in south western gave the
advice while sensitizing members of Nyarubanga Twimukye Sacco on
mindset change about economic empowerment, resource mobilization
and utilization at Sacco headquarters in Nyarubanga Kakiika division
Mbarara municipality on Sunday October 13, 2019.
Kasibante said currently the biogas project is being implemented in
the districts of Lyantonde, Kiruhura, Mbarara, Isingiro, Ntungamo,
Sheem and Bushenyi.
He warned wise people to avoid spending and wasting a lot of time in
prayers rather than investing the time in production reminding the
participants that even religious leaders also need and recognize
people who have financial capacity.
The Chairperson Nyarubanga Twimukye Sacco Godfrey Baryomunsi said the
purpose of meeting was a regular monthly meeting where members are
invited to access financial accountability about the operations of
their Sacco to build financial trust.
Baryomunsi who is also the Mbarara district Vice Chairperson
presented to members accountability for the month of September 2019 of
Shs 227 million as income registered, where savings recorded over Shs
29 million, of which only Shs 14 million was withdrawn from individual
Since Saccos entirely depend on shares , Baryomunsi
urged the members to increase their shares to build a stronger capital
investment on top of making interest of Shs 10 million from loans and
other sources of incom