Summary:
- Sheikh Kayole also noted that the SACCO’s primary goal is to uplift the profile of Rujumbura and create long-term benefits for the entire Rukungiri community.
RUKUNGIRI: On Saturday, the Muslim community in Rukungiri District launched the Rujumbura Muslims SACCO at the Rukungiri Main Mosque. The initiative aims to foster a culture of saving among Muslims and contribute to the overall development of the area.
Speaking at the event, Rukungiri District Kadhi, Sheikh AbdulMalik Byaruhanga Kayole, outlined the SACCO’s objectives.
He emphasized that rather than lending money with interest, the SACCO will focus on generating profits through the buying and selling of properties for the benefit of its members.
Sheikh Kayole also noted that the SACCO’s primary goal is to uplift the profile of Rujumbura and create long-term benefits for the entire Rukungiri community.
Rubabo County MP, Hon. Naboth Namanya, lauded the initiative, pointing out that it is rare to see Muslim communities uniting for such collective economic efforts.
He underscored the importance of the SACCO in bringing people together to work towards a common goal.
Clare Ainembabazi, representing Rukungiri District Woman MP Hon. Midius Natukunda Kaharata, praised the Muslim community for setting an example by becoming the first to establish a Muslim SACCO in the district.
LCV Chairperson Geoffrey Kyomukama, speaking on behalf of Security Minister Rtd Maj Gen Jim Muhwezi Katugugu, encouraged SACCO leaders and members to prioritize saving within the SACCO before seeking external loans.
He also advised the public to avoid taking out multiple loans and instead focus on repaying existing debts to promote sustainable growth.
Kyomukama reiterated that although the SACCO was founded by the Muslim community, it is open to all members of the public, regardless of their religious affiliations.
