Invest In WSACCO’s Well-Planned And Affordable Real Estate Plots, Officers Urged

Wazalendo Savings and Credit Cooperative Society (WSACCO) hosted a delegation from the College of Logistics and Engineering (COLE), Magamaga who were on a study tour at the Headquarters in Kiwatule. The delegation that was led by Major Noah Wakowera comprised 31 students who are undergoing a Basic Finance Officers Course and 13 Directing Staff.

The Director of Finance and Administration Lt Col Yusuf Buha Magero who delivered a lecture on behalf of the Chief Executive Officer, Col Joseph Freddy Onata informed the students that the strategic mission of WSACCO is to improve the members’ welfare and stressed that through encouraging members to save, borrow and invest wisely, members are enabled to improve their welfare and grow with the SACCO.

The Director of Finance and Administration further said that the establishment of Wazalendo Investment SMC Limited will promote the proper utilization of loans by enabling members to invest in real estate businesses and acquire affordable and well-planned plots.

He encouraged the officers to invest in those organized and affordable plots to promote better standards of living and informed them that two estates have so far been acquired; 73 acres and at Matuga Mabanga, and 100 acres at Bulamu along Mityana road with price ranges of UGX 9-30M.

Lt Col Buha noted that WSACCO was established as an internal solution to soldiers’ financial challenges and to save them from being exploited by other financial intermediaries. He said that since its existence, the SACCO has been able to expand its network to 19 branches, 6 liaison offices and opened a Business Arm, Wazalendo Investment SMC Limited.

Lt Jimmy Sserwada who spoke on behalf of the students commended WSACCO for the knowledge and understanding rendered to them adding that the team was honoured to know WSACCO in-depth.

Different departments presented their roles and how they operate towards achieving WSACCO’s vision and mission.