Bushenyi: Museveni urges SACCO members to desist from extravagant spending

President Yoweri Museveni has urged members of the Buturo People’s Savings and Credit Co-operative Society in Bushenyi district to desist from extravagant spending and embrace the culture of saving.

This was contained in his speech that was read on Saturday by the state minister for cooperatives, Frederick Gume Ngobi during ceremony of the Society’s 10th Annual General Meeting at Nyakabirizi playground in Bushenyi-Ishaka Municipality.

The President said the saving culture is a crucial element in the economic development of the members , further encouraging members to lead healthy lives in order to ensure that they able to enjoy the benefits of their effort.

Buturo People’s SACCO enables its members to pool together funds so that they can access loans, engage in productive activities and improve their welfare.