SACCOs ARE DESTINED TO SUCCEED ON PRESSING THE RIGHT BUTTONS!
For many years now, Savings and Credit Cooperative Organisations (SACCOs) have existed to be the launch pads of welfare to their membership. SACCOs since the start of the cooperative movement been pivotal in improving that desired welfare by extending financial services to their membership and as well addressed a couple of needs from their membership right from inculcating the spirit of savings and extending credit facilities and the overall ownership benefits (WOCCU 2011). SACCOs basically exist for the dual mission that is the social and sustainability, and are the easiest way that different members of the communities can meet, share and unite for the common good. In the eyes of the constantly changing environment coupled with the shifts in the tastes and preferences over time, SACCOs risk losing the coop status in many communities despite the growth in financial aspects of the populations (Finscope Uganda 2023 findings). SACCOs on the reflection of Member owned financi...