List Of SACCOS In Uganda

List Of SACCOS In Uganda

Saving and Credit Cooperative Organisations(SACCOS) Meaning of a Saving and Credit Cooperative Organisations. A SACCO is an abbreviation of Savings and Credit Cooperative Organisation or Society. SACCOs are voluntary associations where by members regularly pool their savings, and subsequently obtain loans which they use for different purposes.

Below are the List Of SACCOS In Uganda

UCCFS Makes Mobile Banking in SACCOs a Reality.

UCCFS has connected over 152 Saccos across the country

Minister Warns SACCOS Leaders on Stealing Funds

Kasaija explains why SACCOs have been exempt from taxes

Strengthen SACCOs, farmers told

Eight years later, farmers still waiting for revival of Cooperative Bank

Uganda to Invest USH 96 Billion in Co-operative Development

International Day of Co-operatives 2016

SACCOs to start paying tax on their profits

USAID Infuses Shs 520B Towards Farmer Cooperatives

Where are SACCOs registered in Uganda?

Kampala

SACCOs according the Cooperative Act cap 112 are registered by the Registrar of Cooperatives in the Ministry of Trade Industry and Cooperatives at Farmers House, Parliamentary Avenue in Kampala.

How much does it cost to start a SACCO Uganda?

15000/= for savings & Credit byelaws. Shs.10000/=for multi-purpose bye laws.

Who registers SACCOs in Uganda?

the Registrar of Cooperatives

SACCOs according the Cooperative Act cap 112 are registered by the Registrar of Cooperatives in the Ministry of Trade Industry and Cooperatives at Farmers House, Parliamentary Avenue in Kampala.

What are the requirements to start a SACCO?

Minimum capital requirements for operating a SACCO

  • The core capital should not be less than ten million shillings.
  • The core capital should not be less than 10% of the total assets.
  • The institutional capital should not be less than 8% of the total assets.

When did SACCOs start in Uganda?

History. The Sacco was formed in Kampala, in 2007, to be operated by members of the Uganda National Police, for the benefit of members of the UNP and their families. The concept was introduced to police units in other areas of the country, with mixed success.

Which law governs SACCOs in Uganda?

The Micro Finance Deposit Taking Institutions Act, 2003 Regulates the licensing of large SACCOs. Large SACCOs must be registered under the Cooperative Societies Act and licensed under this law.