Uganda Cooperative Savings and Credit union (UCSCU) organized a regional SACCO consultative meeting on judicial and default challenges in SACCOs.
This meeting had been prompted by the release of defaulters in the districts of greater Bushenyi and the associated judicial challenges that the affected SACCOs had faced.
Key among the observations made during the above meeting was the fact that most SACCOs leave glaring gaps in their loan documentation which the defaulters later take advantage of, when the situation eventually warrants court intervention.
In view of this, UCSCU has organized a regional SACCO forum under the theme “Risk mitigation and litigation in credit management for SACCOS”. This is a very important space for SACCOs to discuss how to hedge against the risk of loan default, loan recovery strategies and successful court litigation.
Legal experts will be available to guide in dealing with judicial aspects of credit management. During this forum, the national advocacy committee will also provide feedback on the advocacy efforts so far made since the January 2019 regional consultative meeting.
The forum will be held on Friday 22nd February 2019 at ADIT MALL, opposite Bank of Uganda, Mbarara currency center in Mbarara Municipality, starting at 9:00 am prompt.
The Target participants are SACCO Managers, branch managers, BOD, credit supervisors, Credit officers, loans committee members, and internal auditors.
We are therefore inviting you to participate in this forum and you will be required to contribute only Shs. 50,000= per person towards Workshop Materials, Breakfast, Lunch and Refreshments.
Please confirm your participation on or by Tuesday 19th February 2019 with a call on either of the following numbers for proper arrangements. Collins: 0782300601/ 0703919610, Benon 0702393560
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