To mobilize funds in order to provide affordable financial services to members so as to improve on their welfare.
To become a self-sustaining SACCO to drive development in the country.
Wazalendo SACCO is a Savings and Credit Co-operative Society registered under the Co-operative Act Cap 112 as Registration No 7419. It is affiliated to Uganda Co-operative Savings and Credit Union Ltd (UCSCU) and Uganda Co-operative Alliance (UCA). It was registered on 22nd Sept 2005.
Wazalendo SACCO is an Institutional SACCO composed of UPDF personnel, their families, Reserve Forces and Staff of Ministry of Defence (MOD).
September 22, 2005 saw the birth of WAZALENDO SAVINGS AND CREDIT COOPERATIVE SOCIETY LIMITED. Officers and men of UPDF were encouraged to join the society, save together for the future and use the savings to access loans (credit) to enhance their individual welfare both socially and economically. Hence the motto “Save for the Future Development”
It had mobilized a membership of 64,482 by end of 30 June 2011. The membership has grown by leaps and bounds since its inception in 2005.
Wazalendo Savings and Credit cooperartive society Ltd (WSACCO) is a UPDF/MoD cooperative that enables its members to pool funds together (Savings) so that they can access loans(Credit).
This helps them to engage in productive activities for improving their welfare. It is in line with Uganda’s National Policy, “PROSPERITY FOR ALL”.
Starting with savings of Uganda shillings 238 million, WASACCO was registered in September 2005 under the Co-operative Act Cap 112 (Registration No 7419). It is affiliated to Uganda Co-operative Savings and Credit Union Ltd (UCSCU) and Uganda Co-operative Alliance (UCA). Membership to WSACCO is on voluntary basis.
Read more http://www.wazalendo.co.ug/