According to Alex Opira, the Kitgum District Principal Commercial Officer, the 16 SACCOs have met the required standards and have been given the green light to access the additional funding.
Sixteen Savings and Credit Cooperative
Organizations (SACCOs) in Kitgum District have been cleared by auditors to
receive an additional 20 million each in seed capital under the Emyooga
program.
According to Alex Opira, the Kitgum
District Principal Commercial Officer, the SACCOs that have met the required
standards include Chua
East Tailors' SACCO, Chua West Persons With Disabilities SACCO, Chua West
Journalists SACCO, Chua West Veterans SACCO, Chua West Woman Entrepreneur
SACCO, Chua West Market Vendors SACCO, Chua West Youths' Leaders SACCO, Chua
West Fisheries SACCO and Chua West Welders SACCO.
The others are Chua East Taxi Operators SACCO, Chua
West Mechanic SACCO, Chua East Journalist SACCO, Chua West Carpenters SACCO, Kitgum
Municipal Tailors' SACCO, Chua Elected Leaders SACCO, and Chua West Boda Boda
SACCO.
Opira said that the cleared SACCO groups are required to submit
documents such as certificates of registration, bank statements, and other
relevant papers for permanent registration of their groups.
//Cue in “There are requirements...
Cue out……starting this January”//
According to Opria, once the documentation process is
complete, each of the 16 SACCOs will receive an additional 20 million in
seed capital, bringing the total amount disbursed to 320 million Shillings in addition
to 30 Million Shillings disbursed to them in 2021.
Opira noted that three SACCO groups
have already received the additional seed capital, amounting to 60 million Shillings.
The three SACCOs that have benefited from the additional funding include Kitgum
Municipality Veterans SACCO, Chua West Youths Leaders SACCO, and Kitgum
Municipal Performing Artists SACCO.
He added that Kitgum District has
registered a total of 54 SACCO groups under the Emyooga program, with a total
of 1.68 billion Shillings disbursed to the groups as revolving funds.
The Emyooga program is a government
initiative aimed at promoting economic development and job creation through the
provision of seed capital to SACCOs.
The program is designed to support small
and medium-sized enterprises (SMEs) and cooperatives in various sectors,
including agriculture, trade, and services.