Alfred Eboku Ejanu, the head of credit and operations at the Microfinance Support Centre, says that during their years of operations in Wakiso district, they have established that the population in Wakiso has unique challenges which need special focus and treatment.
The Microfinance Support Centre is courting the government
to establish a special development fund to support financial institutions,
community saving groups and cooperatives in Wakiso District.
Alfred Eboku Ejanu, the head of credit and operations at the
Microfinance Support Centre, says that during their years of operations in
Wakiso district, they have established that the population in Wakiso has unique
challenges which need special focus and treatment.
Ejanu explains that a number of people in Wakiso greatly
contribute to the country’s economy but do not have affordable financial
support to keep their businesses running.
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He adds that although statistics indicates that Wakiso
contributes about 20.4 percent of the country’s Gross Domestic Product, yet the
Micro Finance Support Centre has have only injected 10.5 billion Shillings in
the district, which allocation has had no impact so far.
To him, Wakiso
district cannot be treated like other districts, if it is to make a great
According to records, Wakiso has a total of 1,020 cooperative
societies, 56 per cent of which are Savings and Credit Cooperative
Societies-SACCOs. Ejanu notes that if their proposal is accepted they would
like to pump a minimum of 50 million Shillings in each group for the
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Moses Mabala, the Wakiso District Commercial Officer, says
they highly welcome the idea given the fact that several groups at different
levels have been in dire need of financial support to keep them running. he
however adds that if there is any support, it should be directed to only
legally registered and active groups.
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However, Matia Lwanga Bwanika, the District LCV Chairperson
warns that although there is a need to support people in Wakiso, many of the
groups need to be reminded that their formation is not aimed at soliciting financial
handouts but however a move to support members to grow.
In the same development, Leonard Okello, the CEO of Uhuru
Institute for Social Development, equally said that many SACCOs and lower level
self-support groups are looking for quick benefits than thinking of investments
that can spur individual development.
Okello says there is a need to re-orient members of the
different saving groups and cooperatives before the said development fund is
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The Microfinance Support Centre was set up in 2001 to manage
micro-credit funds on behalf of the government to make it possible for the
active poor to increase their household incomes through extension of affordable
financing to SACCOs and other groups. The is already running a special fund for
teachers’ SACCOs and self-help groups.