Teachers SACCO makes sh1.6b profit
Stephen Nabende, the Walimu SACCO board chairman said while they have been accused of mismanagement of the teachers’ funds, this will not stop them from fulfilling their mandate.
PREMIUM News
According to Kiyai (L), the sacco’s savings have also grown to sh254m from 161m in the previous year because of introducing new products and services. (Credit: Simon Peter Tumwine)
By NewVision Reporter
Journalists @NewVision
TEACHERS | SACCO | PROFIT
KAMPALA - Walimu teachers SACCOs union has made a profit of sh1.6b in the previous financial year despite a huge rate of loan defaulters.