The State House has continued to train the Presidential Industrial Skilling Hub SACCO leaders on the proper management of funds. Recently, President Yoweri Kaguta Museveni supported SACCOs under the Presidential Industrial Skilling Hubs with Shs8.8 billion, in order to empower the skilling hub beneficiaries with start-up capital. Each SACCO received Shs50 million.
The training session was held at Acholi Presidential Industrial Skilling Hub in Gulu city. It brought together SACCO members and leaders, commercial officers and district leaders from Acholi, West Nile and Lango sub-regions.
During the training, the State House Comptroller, Ms. Jane Barekye emphasized proper management of funds. “If the funds are well utilised, President Museveni has promised to add more money in your SACCOs,” she emphasised. Barekye also urged SACCO leaders to be hardworking and remain disciplined so that the President’s support benefits all members fairly.
She further called on parents of the beneficiaries to guide them on how to use the money properly by focusing on productive work. “My advice to the parents is that you encourage these children to use the money to enhance their skills. They shouldn’t divert the money to other unproductive things,” she said.
Ms. Barekye advised the beneficiaries to apply for the loans only when they feel that they are ready to invest responsibly, saying preparation and planning is key to running a successful business. “First, have a plan for what you want to use the money for, don’t just get it. With no plan, this money will not do what it’s intended for,” she warned.
Eng. Raymond Kamugisha, the Director of Presidential Projects and Industrial Hubs, encouraged the trainees to always work in unison, explaining that this will help them to develop easily. “We shall start to get bigger loans if you work together and have big projects,” he said.
“You should share responsibility and keep in touch with each other so that we can easily follow up with you and if you get any challenges, always inform us,” he advised.
In his concluding remarks, Eng. Kamugisha appealed to the Commercial Officers to give an opportunity to the beneficiaries so that they can register companies to get tenders from the local government.
The training facilitators, Mr. Joseph Lutalo from the Ministry of Trade, Industry and Cooperatives and Mr. Abdallah Aziz Apat from Post Bank appealed to the trainees to always keep in touch and share ideas that could help their enterprises to thrive.
Success stories from beneficiaries:
Jacqueline Ayubu, a former student of the Acholi Presidential Industrial Skilling Hub revealed that she now owns a shoe making business and earns a profit of Shs50,000 daily. “Before, I was dealing in agricultural produce having dropped out of school and I was earning Shs5000 per day. I later heard of Acholi Skilling hub through a friend, and I applied. I did a course in shoe making that has changed my life,” she said.
“I want to take this opportunity to thank President Museveni for this initiative because if it wasn’t him, I wouldn’t be here. I also thank H.E the President for the Shs50 million support to our SACCO.”
The training is part of a nationwide effort to equip SACCO members and leaders with financial management skills and ensure the sustainability of the government empowerment program.