Staff Of Wazalendo SACCO Undergo Training In SACCO Business Model

The delegates and staff of Wazalendo SACCO alongside Exodus SACCO, Uganda Revenue Authority SACCO, Steadfin SACCO and the Franciscan Investment Cooperative have undergone training in the Development Educators (DE) programme.

 

The training, which took place from 29 April to 2 May 2024 at the Imperial Golf View Hotel, Entebbe, focused on the SACCO business model and philosophy.

 

The four-day training was organised by the Africa Confederation of Cooperative Savings and Credit Associations (ACCOSCA) in collaboration with the Uganda Cooperatives Savings Credit Union (UCSCU).

The Executive Officer of ACCOSCA, Mr. George Ombado, said the training enabled participants to gain a deeper understanding of the SACCO business model and philosophy, deepen their comprehension of the SACCO structure, and improve their ability to identify members’ needs and map them out effectively. “Our presence here reflects our efforts to continuously professionalise the SACCO movement in Uganda and the continent as a whole,” said Mr. Ombado.

 

The CEO of UCSCU, Mr. Sylvester Ndiroramukama, expressed his gratitude to the ACCOSCA leadership for prioritising the empowerment of SACCOs in Uganda. He emphasised that the training session focused on the cooperative identity, the SACCO philosophy, and the significance of members as the primary foundation on which SACCOs build their sustainability.

The Chief Executive Officer of Wazalendo SACCO, Colonel Joseph Freddy Onata, encouraged staff to impart the knowledge they acquired from the training to the members of their respective SACCOs.

 

ACCOSCA is a Pan-African confederation of national associations of savings and credit cooperatives societies and opened its doors in 1968. The General Assembly, the organisation’s highest body, currently consists of twenty-nine countries. It convenes annually in different member states within the region to ensure that the activities of ACCOSCA remain relevant in addressing the challenges faced by Africa.