NEWS- The Microfinance Support Center (MSC) has embarked on supporting the best performing Emyooga Savings and Credit Cooperative Organization with Computers and printer machines with an aim of encouraging digital Management Information Systems (MIS) in the Saccos.
Handing over a Computer and a printer machine to leaders of Kabale Municipality Women Entrepreneurs SACCO at their office in Mwanjari ward, Southern division which is one of the best performing SACCOs in Kabale district, the Manager of Microfinance Support Center (MSC) Kigezi Zonal office, Boaz Tuhumure said that they decided to to support with such equipment to best performers to help them embrace digital Management Information Systems.
The systems help in reducing risks of having inaccurate financial reports, and have operational efficiency through reduced costs.
Tuhumure added that the digitization system can also increase in SACCOs’ transparency, accountability and improved reporting, which places the organisation in a better position to receive financing from third parties.
He encouraged all the SACCOs and other financial institutions to allocate some funds to such systems if they are to have proper operations of the SACCOs.
The Chairperson of Kabale Municipality Women Entrepreneurs SACCO, Ruth Burora, commended Microfinance Support Center for the donation saying that they have been inconvenienced in requesting for funds to type and print several documents.
Burora added that the SACCO has so far received Ugx 50 million from MSC as seed capital and they currently have a loan portfolio of Ugx 119 million.
CUE IN……BURORA ON MSC……..RR/ENG