Saccos in Uganda get new regulation
04 Aug 2016

Government is set to introduce a new regulation to protect finances of members in Savings and credit cooperative organisations (Saccos).

This was revealed on Monday by the regional manager of the Uganda Cooperative Savings and Credit Union, Mr Pascal Bwambale, while speaking in Malongo Sub-county, Mayuge District, during the commissioning of an office block for Bugadde Sacco. Mr Bwambale said swindling of savings and share capital, and failure to recover loans has led to crumbling and collapse of many Saccos.

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