LUBAGA PRIVATE SCHOOLS TEACHER'S SACCO

About Us

Who We Are

ESTABLISHMENT

It was established in the early months of 2017 and it was registered by the Registrar of Cooperative Societies with Reg. No. P.7549/RCS

FOUNDER MEMBERS

1.Mr. Kibuuka Mathias
2.Mr. Ssaazi Benedict

All the above two members are teachers by profession and are operating Private Schools in Lubaga Division.

Administrative Structure of the SACCO

MISSION

To improve upon household incomes of schools and school employees through giving them affordable credit and saving facilities on a sustainable basis

VISION

To be the leading provider of financial services to private schools and their employees in Kampala District and beyond.

OBJECTIVES

To transform member schools through saving and credit facilities

To encourage members to develop a saving culture

To create unity among private schools, their employees and directors

To avail credit facilities to members at affordable interest rates

Mr. Kibuuka Mathias

We uplift members’ living standards through the provision of innovative and quality financial products and services.

CLIENTELE BASE

Private Schools directors

Head teachers

Classroom teachers

Non-teaching Staff

Teacher-related Institutions and Organizations

Mr. Ssaazi Benedict

Our values reflect the deeply held standards which guide the way we relate to each other, our members and in service delivery.

ACHIEVEMENTS

Permanent and well established offices in in Kakeeka zone/cell Lubaga Parish inside Jacaranda Park

It has up to 1,000 fully registered and active members including schools and individuals

Training of Members

CHALLENGES

  1. High operational costs in form of rent, staff salaries, loan disbursement and recovery costs.
  2. High rate of default by borrowers due to Covid 19 effects and hostile economic conditions
  3. Lack of up to date knowledge and information on the side of borrowers
  4. Lack of financial reserves in relation to client requirements

PARTNERS

  1. Private Schools over different areas of Uganda
  2. Edify International in conjunction with Edify Uganda
  3. Christian School Owners’ Association Ug Ltd
  4. Sure Pay Ltd
  5. Dastel Ltd