Gulu University Staff Support with SACCO Fund Receives UGX.100M

By | November 3, 2020

Gulu University staff through their credit and saving scheme, Trusted Friends Gulu University Saving Association has received UGX.100 million from President Yoweri Kaguta Museveni.

The 100 million was a pledge made by the president when he graced the 15th Graduation Ceremony of Gulu University students which took place in January this year.

The president said that the move was away in ensuring that civil servants and citizens don’t suffer at the hands of exploitative commercial financial institutions.

On Monday Gulu University Vice-Chancellor Prof. Openjuru George Ladaah and the University Secretary, Mr. Obol David Otori declared officially to the staff that the money is in the Association Bank Account.

“This will go along the way of improving the finances of the staff and I urge you to use it well so that we would account to His Excellency on the strides that would be made,” Openjuru said.

According to Management, all staff of the University are entitled to the money and the borrowing interest rate would be 10% which is lower than most financial institutions.