Wazalendo SACCO Launches Enterprise Selection and Mindset Change Training for Members

Wazalendo Savings and Credit Cooperative Society (WSACCO) has rolled out a nationwide training initiative aimed at enhancing loan productivity and improving members’ welfare.

The training, conducted in Northern, West Nile, Eastern, Western and Central Uganda, provided members with opportunities to exhibit their enterprises, exchange experiences and participate in practical learning sessions.

Speaking at the Defence Intelligence and Security Headquarters in Mbuya, Wazalendo SACCO Board Chairman, Lieutenant General Sam Kavuma, emphasised that the initiative goes beyond routine mobilisation and sensitisation. “Our assessment of loan impact shows that while the SACCO is growing rapidly, the benefits are not always reflected in members’ individual incomes. This training is meant to address that gap,” he said.

Lt Gen Kavuma encouraged members to embrace the programme, underlining the role of mindset change in achieving financial success. He cautioned against diverting loans to non-income-generating activities and urged members to save, borrow responsibly and invest wisely.

The Acting Chief Executive Officer of Wazalendo SACCO, Colonel Yusuf Magero Buha, highlighted key achievements this year, including the launch of the Arua Complex, the opening of a liaison office in Pajim, the relocation of the Kakiri branch to Nansana town and the Society’s expansion into South Sudan. Ongoing projects include the construction of branches in Nakasongola and Kihihi, and the introduction of the Waza Mobile Loan service.

Col Buha also announced plans to pilot Waza Market, a platform where members will showcase and sell products while networking and exchanging knowledge.
As of 31 August 2025, Wazalendo SACCO reported:
• Membership of over 116,000
• Share capital of UGX 341.2 billion
• Savings of UGX 621.8 billion
• Loan portfolio exceeding UGX 1 trillion
• Total assets of UGX 1.26 trillion and a surplus of UGX 66.8 billion

The training combined presentations by successful members with field visits to their enterprises, fostering a collaborative learning environment. Projects visited included fish farming, piggery, dairy farming, goat rearing, poultry and banana cultivation, all financed through Wazalendo SACCO.

By promoting peer learning and enterprise exposure, the initiative seeks to improve loan utilisation, stimulate entrepreneurship and strengthen members’ welfare across the country.

The exercise attracted unit and formation commanders, delegates and selected members with thriving projects, and was fully organised by Wazalendo SACCO.