A SACCO meeting

The state minister for  micro finance Haruna  Kyeyune Kasolo has warned the staff under  the Project for Financial Inclusion in Rural Areas ( PROFIRA) in the ministry of finance  not to divert  funds meant for the building  the capacity of SACCOS  in rural areas  for their own use  because the long arm of  the law  will catch them. The minister was on the formalization tour of this project to ascertain whether, the staff is doing the real work of improving the
welfare of the people through SACCOS and community saccos and credit groups.

Government borrowed a loan of over 36 million dollars from the international fund for agriculture development to build the capacity of SACCOS’s and village groups  so that they manage the funds they borrow from the micro finance support center.

However Minister Kyeyune says that with such a big amount of money, the project  should not only provide information  to the SACCOS but ensure that they leave an impact through changing  the lives of the rural people.