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Arua Struggling to Recover UGX 12.4b Emooyga Funds

According to records at the Micro Finance Support Center, over 14 billion shillings was disbursed to Emyooga SACCOs in the sub-region as seed capital, but, only shillings 1. 54 billion shillings has so far been recovered by the SACCOS as of July this year.
Members of one of the best performing Emyooga SACCOs reciving certiticate of recognition during a regional meeting in Arua city

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Several Emyooga SACCOs in the West Nile region are struggling to recover the funds they disbursed. From 2019 to date, the government-funded 455 Emyooga SACCOs in West Nile through the Microfinance Support Center.

Eighteen enterprises per constituency namely, taxi operators, fishermen, journalists, veterans, Boda Bodas, women entrepreneurs, welders, performing artists, and elected leaders were funded among others.

According to records at the Micro Finance Support Center, over 14 billion shillings was disbursed to Emyooga SACCOs in the sub-region as seed capital, but, only shillings 1. 54 billion shillings have so far been recovered by the SACCOS as of July this year.

While presenting the performance of the Programme, during a regional meeting held in Arua city on Tuesday, Ronald Waiswa, the zonal manager of the Microfinance support center in Arua says although the performance is relatively poor, they have launched campaign to encourage the SACCOs to grow their savings.

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Lily Canuwok, the District Commercial Officer Zombo however has blamed the poor performance of the SACCOs on political interference. He said that the program was highly politicized at its inception.

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Luke Asea, the Assistant Chief Administrative Officer for Terego District notes the negative attitude of people against government programs. He says there is a need to urgently focus on mindset change if people are to benefit from government programs.

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Leonard Azindi, the Chairperson of Ayivu West Women entrepreneurship Emyooga SACCO, attributes the success to good governance and the positive attitude of his members towards the program.

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Launched in August 2019, the program seeks to transform 68-per cent of homesteads from subsistence to market-oriented production with the overall aim of promoting job creation and improving household income.

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