Police Exodus SACCO launched group savings and loan products Tuesday at police headquarters in Kampala. Retired Senior Commissioner Wilson Omoding introduced the financial services designed for Uganda police officers and their families. The cooperative aims to help police personnel escape poverty and raise their living standards through better access to money. Female officers and spouses can form savings groups to access loans for business ventures. The program targets projects in farming, education, housing and commerce.
Kamwokya Women Tailoring Group became the first beneficiaries under the new system. The group contains 17 wives of police officers from Kira Road Police Division. Police Exodus SACCO gave them 30 million shillings to expand their tailoring business operations. The women plan to modernize their equipment and grow their customer base. Officials praised their commitment to becoming financially independent.
The loan products offer low interest rates and flexible payment terms to members. Police Exodus SACCO provides financial training and mentorship alongside the money. Staff members monitor group progress and offer ongoing support throughout the loan period. Omoding encouraged female officers and spouses to form groups and start saving money together. The cooperative wants all police families to participate in building financial security for their futures.
Kamwokya Women Tailoring Group became the first beneficiaries under the new system. The group contains 17 wives of police officers from Kira Road Police Division. Police Exodus SACCO gave them 30 million shillings to expand their tailoring business operations. The women plan to modernize their equipment and grow their customer base. Officials praised their commitment to becoming financially independent.
The loan products offer low interest rates and flexible payment terms to members. Police Exodus SACCO provides financial training and mentorship alongside the money. Staff members monitor group progress and offer ongoing support throughout the loan period. Omoding encouraged female officers and spouses to form groups and start saving money together. The cooperative wants all police families to participate in building financial security for their futures.
