Finaid offers SACCOs grants

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Members of Uganda Change Association during a meeting in Karamoja recently

By Uganda Vanguard

NAMUGONGO – Uganda Change Agent Association (UCCA), a local nongovernmental organization is in advanced talks with Finaid, a donor agency from Finland to offer grants to indigenous savings groups commonly known as SACCOs. According to Ms Rose Obigah, the chairperson, UCCA, the deal could be sealed in a few weeks.

“The donor is willing to fund each of our savings group up to Shs40 million as grants for seed capital to boost their businesses. I urge you members who have savings to organize your books of accounts and those who have not in groups for form clusters,” she said.

Do not join groups which is not affiliated to us because their business ideology do not match ours of self-reliance and participatory development, Ms Obigah told UCCA  delegates at the NGOs annual general assembly over the weekend at Namugongo Kyoto.

Asked how much money is expected from the donor and number of beneficiaries, Ms Obigah said, “I will be able to answer that after our negotiations are concluded soon.”

She also told Uganda Vanguard, of their plan to source for an investor to build a multipurpose building at the NGOs headquarters in Old Kampala.

“We are looking at an investment of about Shs2.5 billion in the building that will accommodate our office and partly be rented out,” she added.

Ms Driwaru Zaitun, Yumbe district woman Member of Parliament hailed the NGO for training its members with business skills commonly known as Change Agent Training (CAT) that has improved their economic status.

Ms Lucy Akello Ayena, the executive director, UCCA said the NGO has so far trained 4000 members since the NGO was stated over last twenty years by Stan Barkey.

She also revealed that they have written to Office of the Prime Minister seeking permission to train South Sudan refugees in camps and host communities in West Nile.

“We want to skill these people to be independent in future so that they move away from depending on handouts,” Ms Akello said.

 

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