UMA injects 100M in its SACCO

Posted: 2021-09-23T19:54:57Z
UMA injects 100M in its SACCO

Uganda Musicians' Association(UMA) under the leadership of Cinderella Sanyu recently started a SACCO with the aim of helping its registered members.

The Sacco which is headed by musician Isaac Rucci was unveiled at National Theatre in the presence of other musicians like Halima Namakula, Sarah Zawedde, and Hanson Baliruno among others.

At the event, Halima Namakula appreciated the efforts of the members that have enabled the committee to start what she described as a dream. 

“Shs100 million is not much but the Sacco is for investing, getting loans, and then paying back. The money will increase slowly and those who borrow must bring interest,” she said.

Members will be allowed to borrow only Shs 1M m payable within six months.