312 SACCOS Suffer Fraud, Poor Governance, says report
Ikwera SACCO situated in Aduku Town Council-Kwania. Courtesy photo
About 312 Savings and Credit Cooperative Organizations-SACCOs in Uganda are victims of fraud and poor governance, a report by the Project of Financial Inclusion in Rural Areas-PROFIRA has revealed. PROFIRA monitors the performance of different SACCOS in the country. According to the report, 64 out of the 453 registered SACCOs in Uganda have collapsed while 312 are struggling due to fraud and poo