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In the beginning, each constituency received shs560m. Each Sacco then received 30m while elected leaders received 50m worth of seed and capital.
The issue has been that while some SACCOs have manageable numbers, some have very many members. This has been making it so difficult to give out this money because of its inadequacy.
The State Minister for Microfinance, Haruna Kasolo however, revealed that government will inject an additional shs360 million per constituency. This is to ensure each well-performing SACCO receives another shs20 million.
He said they will distribute the additional seed capital to Emyooga SACCOs upon satisfying the set criteria of convening Annual General Meetings.
This includes voluntary and consistent savings, loan recoveries, and observing the 30% savings requirement before a member can access a loan.
“Recommendation of successful SACCOs shall be done by Resident District Commissioners or Resident City Commissioners assisted by District Commercial Officers and Community Development Officers,” Kasolo said.
Justine Nameere, Senior Presidential Advisor on Greater Masaka affairs advised Emyooga beneficiaries to be loyal ambassadors of the program everywhere they go.
Check Also;
- Emyooga Program Now Moving To Buganda- Government
- Kikuube RDC Suspend Kikuube Sacco Over Theft Of Emyooga
- Bunyoro Youth Eat Government Money Meant To Uplift Them From Poverty
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![[dropcap]A[/dropcap] section of women in Bugongo parish and Nawangaiza parish in Nawandala Sub County, Iganga District have decried the near-impossible terms set for them to access GROW funds. They have now petitioned their woman member of parliament for Iganga Hon. Kauma Sauda Alibaawo to ask the government for revised terms and conditions. This is to enable them to benefit from the program. The disgruntled women accuse the implementers of the program of charging the money. They are also asking for their land titles and land agreements. They said that such properties are governed by their husbands. These, therefore want the government through their woman MP to intervene and revise the requirements for one to benefit. The women were on Wednesday at Namabwere primary school in Nawandala Sub County. They had gathered in their respective groups to receive over 300 chickens from Hon Alibaawo in her campaign to improve the livelihood of women in Iganga district. Each group was given 50 chicken as start-up capital in their journey to prosperity. Read what some leaders said; Ms Naigambi Lydia from Nawandala Trading Centre says, “They solicited money from us through opening bank accounts and depositing Shs80,000. They also asked for land titles and land agreements from us yet we don’t have such things. I was informed that I needed to have a business with a capital of Shs4m yet my capital was very small.” The chairperson Kisoboka Saving Group in Nawandala Ms. Nakagolo Faith said they were not able to join the program. This is given the many conditions attached. She also asked their woman MP to raise their concerns to the relevant offices. The MP condemned the mode of implementation of the program. She cited that it has turned to benefit the well-off class of women other than the intended group. She further asked the government to intervene saying the current strings attached to the programme are very tight to accommodate a common woman. GROW project is a Government of Uganda initiative that arose out of the need to respond to the needs of women entrepreneurs. This is especially those who want to grow their businesses, sustain their self-employment and create more jobs. Check Also; Iganga District NRM Leaders Urge Museveni To Fulfill Election Promises Of 2021 International Women's Day: Celebrating Progress Towards Equality](https://i0.wp.com/newslexpoint.com/wp-content/uploads/2024/11/Iganga-women-decry-tough-terms-to-access-GROW-funds-e1731738339732.jpg?resize=300%2C160&ssl=1)
