Wazalendo Savings and Credit Cooperative Society (WSACCO) has launched a nationwide enterprise and mindset change training program aimed at improving loan utilisation and raising members’ incomes.
The training, conducted in Northern, West Nile, Eastern, Western and Central Uganda, brought together members to showcase enterprises, share experiences and learn practical skills. Wazalendo SACCO Board Chairman, Lieutenant General Sam Kavuma, said the initiative is designed to ensure loans translate into tangible financial growth.
“Our assessment of loan impact shows that while the SACCO is growing rapidly, the benefits are not always reflected in members’ individual incomes. This training is meant to address that gap,” Lt Gen Kavuma explained. He urged members to borrow responsibly, invest wisely and avoid diverting loans to non-productive activities.
Acting Chief Executive Officer Colonel Yusuf Magero Buha outlined key milestones achieved this year, including the launch of the Arua Complex, opening of a liaison office in Pajim, relocation of the Kakiri branch to Nansana and expansion into South Sudan. He added that new branches are under construction in Nakasongola and Kihihi, while the recently introduced Waza Mobile Loan service is improving access to credit.
Col Buha also revealed plans to pilot Waza Market, a platform that will allow members to showcase and sell products while networking and exchanging knowledge.
As of August 31, 2025, Wazalendo SACCO had:
- Membership exceeding 116,000
- Share capital of UGX 341.2 billion
- Savings of UGX 621.8 billion
- Loan portfolio of over UGX 1 trillion
- Total assets worth UGX 1.26 trillion and a surplus of UGX 66.8 billion
The training incorporated field visits to enterprises financed by the SACCO, including fish farming, piggery, dairy, goat rearing, poultry and banana farming. Successful members shared experiences with peers, creating a collaborative learning model to improve loan productivity and stimulate entrepreneurship.
The program, fully organised by Wazalendo SACCO, attracted unit and formation commanders, delegates and members with thriving projects. It is expected to strengthen entrepreneurship, enhance financial discipline and improve the welfare of SACCO members nationwide.
