Tag Archives: SACCOs

Museveni Commits UGX 10.2 Billion to Boda Boda SACCOs, Cautions Against Moneylenders

Museveni Commits UGX 102 Billion to Boda Boda SACCOs Cautions

By Kabuye RonaldPresident Yoweri Museveni has pledged UGX 10.2 billion to Boda Boda Savings and Credit Cooperative Organisations (SACCOs) across the Kampala Metropolitan Area, with a strict condition that all loans disbursed under the scheme must not exceed a 6% annual interest rate. During a meeting held at Kololo on Sunday, September 21, with leaders of 102 boda boda SACCOs, …

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