Wazalendo hits UGX 530 billion assets

By APN Reporter


The Uganda People’s Defence Forces (UPDF) Sacco, Wazalendo, has hit 530 Billion shillings in assets despite the challenges caused by COVID-19 pandemic.

This was revealed by the Sacco’s Chief Executive Officer, Col Joseph Fred Onatta at the 15th Annual General Meeting of the Sacco’s review of operational and financial performance for the Financial year 2020 at the Uganda Military Engineers College ( UMEC) in Lugazi on Friday.“

Total Assets increased from UGX 413 billion in 2019 to UGX 530 billion in 2020, ” said Col Freddy Onata, Wazalendo SACCO is a Ministry of Defense and Veteran Affairs, and UPDF Co-operative Society that enables its Members to come together and pool funds through savings so that they can access Loans (Credit) to engage in productive activities to improve their welfare