About

Lwengo Development Sacco is a savings and credit cooperative society. It is a people owned and led financial institution that was established in 2012 in Lwengo district.
It was started as an association of 31 members who pooled money together with a vision of founding a financial institution that would transform the development of the local community. From its humble beginnings of just 31 members and a capital base of 31 million, lwede sacco now boosts of a membership of over 1800 and a capital base of 1.3 billion in its six years of operation.
Our steady growth over the years is attributed to our ambition of fulfilling our mission and goals while at the same time having a positive impact in the lives of our members and society at large.

We Offer Services That Work

Lwede saco is a deposit taking financial institution founded under the co operative principles where members pool savings, shares and borrow to create a credit multiplier effect.
Our core business is to provide safe custody of members' savings and to provide credit facilities to members.

Savings

With an array of products we are able to meet our customer needs. These include ordinary savings accounts, fixed deposit accounts, current accounts, as well as young savers accounts that instill a saving culture into youngsters.

Credit Facilities

Credit products are tailor made to suit our clients' needs in order to help transform their general well being.
Products like agricultural loans to help farmers boost both their yields and quality. School fees loans to help see the leaders of tomorrow through school for a bright future. Business/ commercial loans boost investment and entrepreneurship in our district. Asset financing loans help members in acquiring assets and wealth.

Return on investment.

It is our policy for each member to invest in the society through buying shares which is a way of raising capital for the business. Our investment portfolio has grown over thanks to the high return on investment through the dividends paid out on each share every financial year. Our profit margins have grown over the years, which is an indicator of increased efficiency of capital invested.

Member trainings and study hours.

The society over time carries out member trainings on various financial aspects to equip members with mordern techniques in finance handling. Some of the workshops and trainings involve financial literacy, saving, budgeting credit management, business skills and entrepreneurship book keeping and general mindset change. These have gone a long way in making our membership a dependable one in all our operations.

1,300,000,000

Assets

400,000,000

Commodities Trading

450,000,000

Shares

1,800

Members

Vision

A profitable financial institution with a prosperous membership

...

Mission

Provide sustainable financial services to members

...

General Objective

Mobilize and promote sustainable productive economic activities of members.

Core Values

...

chairman

Mr. Kibuuka Mbaaga Kizito

Chairman-LWEDE SACCO

The Team

Meet the great people who work hard in LWEDE SACCO

Kibuuka Mbaaga Kizito

Chairman

Asimmwe Charles

General manger

Ssekyali Nicolas

Accountant

Nambi Sarah

Credit officer

Lubega simon

Credit officer

Nakanwagi milly

Cashier

Namiggo Maria

Support staff.

© 2019 LWEDE SACCO. All rights reserved | Design by Butterframe