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.
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.
//Cue in: “The rate at which……
Cue out:…drug abuse”//
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.
//Cue in: “And when emyooga……
Cue out:…for voting”//
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.
//Cue in:
“Our biggest challenge……
Cue out:… of mindset”//
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.
//Cue in: “When they said……
Cue out:…we went”//
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.
