OUR BACKGROUND

Uganda Parliamentary SACCO is a success story whose concept was conceived by a few members of Parliament of Uganda in December 2002. Presently, the SACCO has established it’s roots firmly and is set to solve it’s members social and economic problems.

Legal Status

Uganda Parliamentary SACCO was registered in March 2003 under the Co-operative societies statute 1991 by the Registrar of co-operatives. Consequently, it is bound by the co-operative statute 1991 and regulated by the co-operative regulations 1992. It has a set of Bye-laws adopted by it’s members.

Membership Eligibility

  • Members of Parliament of Uganda.
  • Former members of Parliament.
  • East African Legislative Assembly MPs.
  • Parliamentary staff.
  • Member’s spouse or biological children.

Financial Obligations

Entrance / Membership Fee UGX 100,000. Share Capital (10 shares each at UGX 100,000)

VISION

To have a well established, reputable and member owned SACCO that serves for an all round development

MISSION

To be a member owned financial institution set up to mobilize members, their resources for their own betterment and for the improvement of the communities in which they live.

CORE VALUES

The SACCO, which is a young organization has not yt developed its core values but the SACCO’s activities are expected to be guided by the following values:

  • Transparency and honesty
  • Sustainability
  • Human dignity
  • Professionalism
  • Gender equality
  • Participation
  • Efficiency
  • Responsibility
  • Non-partisan
  • Accountability