CAA staff scheme to lend sh500m
May 01, 2008
THE Civil Aviation Authority Employee’s Co-operative Savings & Credit Society has adopted a proposal to maintain a maximum of sh500m for re-lending to the members.
By Gladys Kalibbala
THE Civil Aviation Authority Employee’s Co-operative Savings & Credit Society has adopted a proposal to maintain a maximum of sh500m for re-lending to the members.
Mustafa Kiyaka, the chairman, told the over 300 members during the annual general meeting that the scheme had improved household incomes.
“Many of our members have been able to take their children to school as a result of this scheme, while others have built homes or bought land for their families,†Kiyaka noted.
He observed that if the members maintained the culture of saving and fund mobilisation, the scheme would prosper.
He said this would offer every member a chance to grow financially.
THE Civil Aviation Authority Employee’s Co-operative Savings & Credit Society has adopted a proposal to maintain a maximum of sh500m for re-lending to the members.
Mustafa Kiyaka, the chairman, told the over 300 members during the annual general meeting that the scheme had improved household incomes.
“Many of our members have been able to take their children to school as a result of this scheme, while others have built homes or bought land for their families,†Kiyaka noted.
He observed that if the members maintained the culture of saving and fund mobilisation, the scheme would prosper.
He said this would offer every member a chance to grow financially.