QMS LAUNCH

The QMS launch, held at the Uganda Business Facilitation Centre, was led by the Registrar General, Ms. Mercy K. Kainobwisho, who reaffirmed URSB’s commitment to excellence and continuous improvement in service delivery.

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URSB Staff SACCO Empowers Members with Affordable Loans to Secure Assets Early

The Uganda Registration Services Bureau (URSB) Staff Cooperative Society Limited is working to raise awareness among its members on the importance of the Time Value of Money while offering financial solutions to help them secure assets today rather than later.

According to SACCO Manager, Mr. Rogers Abaho, money on hand today has more value than the same amount in the future because of inflation and rising costs. For example, land priced at UGX 20 million today might cost much more in a few years, making it harder for people to reach their investment goals if they wait.

To address this, the URSB Staff SACCO is offering members the opportunity to borrow up to UGX 75 million, payable over a period of up to four years. Loans are accessible at an affordable interest rate of just 13% per annum on a reducing balance basis. This initiative is designed to empower the staff members to make timely investments, particularly in assets such as land, before prices escalate.

“This is about making it sawa sawa for our members,” said Mr. Abaho. “We want to ensure they can invest now and benefit from the value growth, instead of waiting and missing out.”

Members are encouraged to take advantage of this opportunity now. With this initiative, URSB Staff SACCO continues its mission of securing the financial future of its members.