WSACCO WAZALENDO SAVINGS AND CREDIT COOPERATIVE SOCIETY LIMITED
Today 23rd July 2021
Wazalendo SACCO has commissioned a cash branch at Mubende Rehabilitation Centre; bringing the total number of cash operating branches to three. The other two being Bombo and Jinja branches. WSACCO has a total of 19 branches spread across the country.
WSACCO was established in 2005 and has been in operation for 16 years.
The extension of cash branch network is intended to bring service closer to the members and relieving them a burden of struggling to access financial services from commercial banks and money lenders.
While officiating at the ceremony Col Stephen Kalasanyi the Director Personnel and Administration Mubende Rehabilitation Center who represent Brig Moses Kwikiriza, the Chief of Mubende Rehabilitation Center appreciated the leadership of WSACCO for coming up with an idea of having a cash center at MRC without looking at the size of the membership or capabilities.
He added that MRC is a special unit with mainly soldiers with various levels of disabilities who sacrificed for the country. He noted that this category of people need special attention both mentally and financially.
“Upgrade of Mubende branch into cash center has been long overdue and it will make a great difference in the lives our people by supporting the projects that they have been engaged in ” said the DPA
He pledged that the CMRC leadership shall continue working hand in hand with WSACCO leadership to improve the welfare of the soldiers at CMRC.
The vice chairman Board of Directors WSACCO Col Chris Ogumelaki who represented the Board Chairman; Gen Sam Kavuma applauded the leadership of CMRC for availing WSACCO a building to remodel in order to have a branch inside the barracks pus BOD and management for planning and implementation.
“We are not here to just open a cash branch for withdrawal of money but to enable and encourage members to save, learn the discipline needed to properly use money and to offer platform for the members to make inquiries.
The CEO wazalendo SACCO; Col Joseph Freddy Onata in his remarks appreciated the UPDF leadership and the BOD of WSACCO for prioritizing the upgrade of Mubende branch in a cash operating branch as a strategy of enabling members easily access financial service in order to manage their welfare.
Col Onata said that upgrade of Mubende Rehabilitation Center into a cash operating branch is one of the strategies of building liquidity by tapping into savings from cash obtained by the personnel at the centre from their projects..
In the same spirit the CEO was thankful for the support CMRC leadership has always given to the the branch in terms of operating space, security, and other shared facilities which he said have enabled the staff effectively execute their work and serve the members with ease.
” For us as management, we are committed on delivering quality services near to you but it is also your personal responsibility to use the services well and in a manner that ensures that you improve your welfare. We have the zeal to Mobilize funds in order to provide you with affordable credit in line with our mission and in furtherance of our vision of being a strong and self sustaining SACCO that drives the development of its members ” said the CEO WSACCO.
In attendance also were senior officers from MRC, BOD and Management members WSACCO and other invited guests.