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UPDF’s WAZALENDO SACCO Extends Financial Literacy Training to Masaka Locals

Uganda People Defence Forces’ SACCO (Wazalendo) has offered free financial literacy training and other tangible gifts to SACCOs in Lukaya, Kalungu  and Masaka districts as a gesture of giving back to the civilians.

According to Colonel Jack Mugyerwa, the Director Finance and Administration who is heading the team from Wazalendo, the  exercise will cover 18 SACCOs in 6 districts of greater Masaka which include, Masaka, Bukomansimbi, Lyantonde, Kalungu, Lwengo and Sembabule as part of the UPDF’s civil military cooperation activities being carried out ahead of the 40th Tarehe Sita anniversary celebrations.

Mugyerwa called upon the SACCO members to be united, seek knowledge from excellent SACCOs, be self reliant through encouraging savings and also be trustworthy if they are to excel.

He noted that the Wazalendo SACCO has not only reached out to other SACCOs as part of tarehe sita activities but is also implementing the Cooperative principle Number 7 (Cooperation among Cooperators).

“As WSACCO, we believe in working together and developing together, we have always visited fellow SACCOs in the country to share experiences, train them  and even give some saccos material support such  computers to those that cannot afford to enable them operate professionally,” said Mugyerwa.

The start off of WSACCO exercise  was  at Lukaya road Toll Market Vendors Association (LUTOMA)  SACCO whose chairman Lwasa Dissan commended  the support rendered by WSACCO in sharing it’s successful story and financial literacy to its Board of Directors, management and SUPCO  which he said will  make a positive impact towards their SACCO.

He called upon other saccos in the area to establish strong relationships with the WSACCO and embrace such opportunities whenever they are available if they are to excel.

Waswa John, the Chairperson BOD of Blessed Sacrament Bwesa Catholic Parish in Lwabenge sub county Kalungu District also applauded the UPDF SACCO upon the efforts manifested in transforming other growing SACCOs through financial literacy and other material support.

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“I, in general, appreciate the Ugandan Army for the better civil military relations, if it was those past armies we would not be seated together peacefully, your discipline and commitment has made you strong , successful and unique,” stressed Waswa of Bwesa parish SACCO.

The meetings were attended by Senior District leaders, UPDF Officers and the locals.

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