A government project began training rural chiefs to give them the skills to start and manage savings and credit cooperatives (SACCOs). The cost to the Ugandan Microfinance Ministry is estimated to be $1.8 million. In addition, the government budgeted $42 million for making loans to newly-formed SACCOs emerging from the project. SACCOs are non-profit, member-owned microfinance institutions.
Continue reading “Ugandan Village Leaders Receive Training to Form Savings and Credit Cooperatives”
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