About Butuuro People’ SACCO

BUTUURO SACCO PROFILE INFORMATION
Butuuro Peoples’ SACCO ltd (BUSCO) started operations in 2007 and was recognized by the ministry of trade, co-operatives and industry on 15th November 2007 with registration certificate CR 8583. On 13th September 2008 the SACCO was officially launched by Hon. Dr. Richard Nduhuura the then minister of industry and Igara East Member of parliament. How Butuuro SACCO started The idea of starting Butuuro SACCO was initiated by six visionary people led Mr. Pison Mugizi in collaboration with Mr. Mushagara Robert, Mr. Bamwine Henry, M/s. Kiconco Innocent, Mr, Kakama Patrick and Mr. Ainomujuni Levi. This idea was hatched on Christmas day 25th December 2006 after a church service as the six founders were chatting at the church. One of the issues that emerged during the discussion was on the poverty levels of the people and how to solve this problem. The idea of starting a SACCO came up as a way of raising house hold incomes through savings and credit. It was agreed anonymously that a meeting of some selected people should be convened on that same day after lunch at 2:30pm at Mr. Kakama’s home. Forty (40) people were selected to attend the meeting but only half of the member attended as people were in Christmas moods jubilating. All the people that came blessed the idea of starting the SACCO with its offices in the nearby trading centre, Nyakabirizi. This meeting was chaired by Mr. Pison Mugizi. During the meeting, members resolved to have an interim working committee of three people with positions of chairman, treasurer and secretary to run the affairs of the intended sacco. The meeting elected Mr. Pison Mugizi as chairman, Robert Mushagara treasurer and Kiconco Innocent secretary. In the same meeting, it was agreed that there should be weekly formation meeting sitting in Nyakabirizi town at college view guest house. This meeting also listed some prominent people from Kibaare area and other surrounding parishes to be invited to the subsequent meetings.
WHY THE NAME BUTUURO
Several names were suggested but the name Butuuro was finally agreed by all members present. Butuuro was the original name of Nyakabirizi town. About 100 years ago the first two shops in the present Nyakabirizi town where refered to as “Omu Butuuro” meaning where people live together in harmony. Many of the elders in the area were happy to hear the name Butuuro resurfacing after being eaten-up by Nyakabirizi. Formation meeting As agreed in the very first meeting held at Mr. Kakama home on Christmas day, all subsequent formation meeting were held at college view guest house. When the interim chairman. Mr. Pison Mugizi contacted the director of college view guest house Mr. Jackson Bells Katogole he also bought the idea and allowed the SACCO to hold all the meetings at his guest house at no cost. Several radio announcements and local church messages were made inviting all members of the general public to come and join the SACCO. The first meeting attracted over three hundred people but had negative mixed feelings in joining the SACCO. In that meeting only three committed their money and joined. The interim committee continued mobilizing and convening weekly meetings sitting on every Sunday. Members resolved that meetings should now be monthly on every last Sunday of the month. The reason for making mobilization meeting monthly was because the turn up for weekly meetings was drastically reducing. Monthly meetings were maintained in order to keep reviewing our progress. By the end of the year 2007 46 members had joined. The SACCO started operations in one room, later rented two rooms and now is being housed in a magnificent building in its own home.

Our Partners

  • SOLUTI  MICROFINANCE EAST AFRICA LIMITED

  • MSC

  • EXTRA INCH TECHNOLOGIES

  • SNV TIDE

  • AGRITERRA

  • SOLAR TODAY

  • BIO GAS SOLUTIONS UGANDA

  • UECCC

  • RUYONZA SCHOOL

  • PLUS TWO HIGH SCHOOL

  • AMFIU

  • UCSCU

  • PROFIRA

  • SIMBA AUTOMOTIVES LIMITED

  • ENSIIBUKO