Omoro youth boda-boda SACCO needs government funding

Some of the SACCO members go about their daily business at boda boda riders. Photo by Daniel Ojara.

By Daniel Ojara

The administrators of Omoro Youth Boda Boda group badly want financial support for their struggling SACCO.

They are now requesting government through their area MP, Rt. Hon. Deputy Speaker Jacob Oulanyah to link them to relevant ministries.

The SACCO members are comprised of boda-boda raiders and other small scale businessmen and women.
It [SACCO] offers saving and credit services to its members.

Registered in April 2008 with only 8 members, it now has over 100 registered members.

According to its official, members are allowed to borrow money to boost up their business with 10% interest rate.

Francis Oling, the vice chairperson of Omoro Youth Boda Boda SACCO says they are requesting their area Member of Parliament for Omoro constituency, Hon. Jacob Oulanyah to facilitate their SACCO with funds.

To Oling, he says this will help them to invest in assets like motorcycles to further boost their industry.

Oling also says their area Member of Parliament has pledged to deliver their request to finance minister soon.

Previous HRNJ-Uganda continues to challenge defamation law in the East African Court of Justice
Next “Yes he can do it” – Lira RDC threatens to close Lango media houses