PAKWACH. The Pakwach Town Council main market vendors’ association savings and credit cooperative organization (SACCO) has received a donation of shs5m towards its sustainability and expansion.
Hon Jane Avur Pacutho, the Pakwach district woman Member of Parliament (MP) who extended the support on Saturday said the money was to supplement on the existing savings by the group members.
"This money is intended to enable you to expand on your businesses as you wait for further assistance from the government," she said.
Avur called for transparency from the group leaders to avoid an eventual collapse of the SACCO, saying the donation shouldn't divide the group members on political affiliation.
"Government is committed to propelling small scale businesses without any discrimination. But you need to have good means of loan recovery and control unproductive business ideas," Javur advised.
Ms Kadija Kego, the Pakwach Town Council main market traders’ association SACCO chairperson expressed joy over the support, saying it will rescue the saving group which was already in a limbo state.
"It's a great relief for us now. We were burdened by the heavy bank loan interest but with this support, we are sure of moving forward," she said.
Kadija used the occasion to request for more financial support from the President for generously supporting him.
"We are here appealing to you to consider extending our passionate cry to the President to support this group. We are known for championing his development agenda in Pakwach. In other areas, groups are being supported and for that reason, we also need his support," she said.
Kadija noted that they are committed to investing the money in viable and tangible businesses for transparency and accountability to members.
Mr Swaib Toko, the Pakwach resident district commissioner (RDC) commended the MP for setting precedent of the government’s commitment to supporting the grass root financial groups.
"This initiative is in line with that President's vision of promoting and empowering local business groups," Toko said.
He promised to use his position to request the office of the President to consider supporting the SACCO group.
The Pakwach Town Council main market vendors’ association SACCO has about 500 members who are mostly women trading in petty businesses like food vending.