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February 11, 2016

The Microfinance Support Centre Donates a Safe to Nyakashashara Kanyonzi Cooperatives Savings and Society Limited.

Nyakashashara Kanyonzi Cooperative Savings and Credit Society Limited is a young Co-operative Society that was registered in May 2015 with a provisional registration certificate. The SACCO is located in Rushere trading Centre, Kiruhura District, with a mission of supporting the rural community to overcome poverty by pooling resources together for the purpose of saving and borrowing to invest in income generation activities. During this period, the interim Board and management has been able to mobilize over 180 members from the greater Kiruhura District and collected over 140 million in share capital. Although the SACCO has registered tremendous growth in share capital, the savings are few. This is attributed to lack of a Safe to safeguard member savings. Without a secure way to keep members savings, the SACCO has not been able to mobilize savings from its members.

On 11th February 2016, the Microfinance Support Centre donated a Safe to the SACCOs to enable it mobilize savings from members and secure the money. This took place at Texas Hotel in Rushere Kiruhura District. The Safe was handed over by Mr. Alfred Ejanu MSC Zonal Manager Mbarara.