Emyooga: Finance Disburses 180bn Shs to 6000 SACCOs-Minister Kasolo

Emyooga initiative is aimed at promoting job creation and improving the household income of 68% of Ugandans in trades such as Boda body, taxi, restaurants, welding, market vending, fishing, journalism, performing arts, and so on.

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State minister for Microfinance, Haruna Kasolo,with Speaker of Parliament Rebecca Kadaga, Presented a dummy cheque of Shs10m to the Parliamentary Journalists Sacco to enable them save,invest and improve their economic livelihoods. FILE/PHOTO

By Nasser Kasozi Akandwanaho

Ministry of State for Finance, Planning, and Economic Development through the Emyooga program, has so far disbursed Shs184.870 billion out of the Shs260 billion allocated to the Presidential Initiative on Wealth and Job Creation.

According to the minister, of state for microfinance Haruna Kasolo, Emyooga funds have been doled out to 5,886 SACCOs across the country out of the targeted 6,354 SACCOs.

Hon. Haruna Kasolo MP, Minister of Finance in Charge of Microfinance.

Minister Kasolo said that the Emyooga initiative is aimed at promoting job creation and improving the household income of 68% of Ugandans in trades such as Boda body, taxi, restaurants, welding, market vending, fishing, journalism, performing arts, and so on.

Kasolo said that, Under the programme, 30 people form an association through which they get Shs30 million.

He added that, in Kampala alone, according to the minister, they have disbursed over Shs5.76 billion to 190 SACCOs and Shs1.560bn to 50 SACCOs in Kiira Municipality and Shs4.91bn to 100 SACCOs in Wakiso district.

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