Kabarole teachers Sacco gets Shs35m

Kabarole. Two teachers’ savings and credit cooperatives (Saccos) in Kabarole District have received Shs35 million as low-interest loans from Microfinance Support Centre (MSC). Fort Portal Teachers’ Sacco and Mubuka Teachers’ Sacco have received Shs30 million and Shs5 million respectively.
The money was handed to them on Monday at Kabarole Microfinance Support Centre Zonal offices at Kalya Courts.
Mr Peter Kibirango, the regional credit manager, MSC, said the money is given at a low interest rate compared to the banks and will be a relief to teachers.
Mr Hannington Mwesige, the chairman Fort Portal Teachers Sacco, said the support will relieve teachers of banks that charge high interest rates.

editorial@ug.nationmedia.com

Releated

Uganda Deploys Army to Battle East Africa’s Locust Invasion

OTUKE, UGANDA – As desert locusts spread across East Africa, Uganda has deployed its army to battle the all-consuming horde. The pests are laying countless eggs that are expected to hatch within weeks, raising concerns among farmers that the worst is …

UN-Backed Government in Libya Suspends Talks After Attack

GENEVA – The U.N.-supported government in Libya said Tuesday it would suspend its participation in talks in Geneva aimed at salvaging a fragile cease-fire in the North African country following an attack on Tripoli’s strategic port.It appeared to be th…