This is a list of the best SACCOs to join in Uganda as of 2023. Saccos in Uganda mainly strive to bring together people with similar financial backgrounds/ characteristics for a common purpose of saving and investment. There are several Saccos in Uganda that offer such opportunities. However, not all have managed to safeguard the interests of their members to an efficient level.
Meaning of a savings and Credit cooperative society (SACCOs)
A Savings and Credit Co-operative Society(SACCOs) is a type of
co-operative whose objective is to pool savings for the members
and in turn provide them with credit facilities. Other objectives of
SACCOs are to encourage thrift amongst the members and also
to encourage them on the proper management of money and
proper investments practices.
- SACCOs are legal bodies registered under the Cooperative
Statute of 1991 & Coop Regulations of 1992. - SACCOs are owned by their members through paid up share
capital, entrance fees and opening of a savings account. - Basically, they are economic institutions and must succeed in
doing business in order to grow, survive and become
sustainable.
SACCOs according the Cooperative Act cap 112 are registered by the Registrar of Cooperatives in the Ministry of Trade Industry and Cooperatives at Farmers House, Parliamentary Avenue in Kampala.
Here is a detailed list of the best-managed and performing SACCOs in Uganda that you can join.
List Of Best Saccos To Join In Uganda 2023
CPA SACCO LTD
Address: Plot 46 Bukoto St, Kampala, Uganda
Phone: +256 31 2262333
UNS SACCO Uganda
Located in: AGA House
Address: Aga House, Plot 89 Mawanda Rd, Kampala, Uganda
