In a bid to eradicate household poverty, Elgon Fmradio staffs and listeners agreed to start a community savings and credit cooperative association. Speaking during the SACCO’s first special meeting last Thursday held at Elgon fm premise in Mbale town, the interim chairman Paul Kapewo said the idea of forming a SACCO is aimed at bridging the gap between the station staff and listeners.
He explains that the SACCO will among other providing quick loan services and instill a saving culture among members. Kapewo revealed that association has over 200 members from all the six districts of Bugisu. He adds that registration of new members is ongoing at a fee of 10,000 with a weekly savings of 2000 and shares are sold at 20,000 per share.
The Area General Manager of Elgon FM Madam Jessica Muduwa who was also the chief guest urged members to embrace the idea adding that unity is the engine of development. She said leaders should welcome and support the SACCO and further asked members to be honest, accountable and transparent.
Other executive Members unveiled included Weduku Dan as the Vice Chairman, Head of radio agents Aggry Wakameli was elected as treasurer, Abed Mwima was elected as the mouthpiece, Elgon Fm accountant Sandra Namukhula was elected as general secretary and deputized by Nasina Wilson.
Other members to the executive included, Wakhooli Yunus from Bududa, who will be in charge of defense, and the coordinators to the SACCO are: Jessica Muduwa for Mbale city, Wetaka Robert for Bulambuli district,
Francis Mwambu for Sironko lower and Gizamba Morris for Sironko u pper, Mutwalibi Kigere commonly known as Nafada for Mbale district, Hashim Busikwa for Bududa, and Namalenya Brian for Namisindwa/Manafwa.