Andrew Agaba
May 9, 2019
Peace Bampata
May 9, 2019

Love Cleophas aged 45 is a primary school teacher at Kagongo Primary School. She is a mother of (5) five and is proud of Kagongo Rural Development Savings and Credit Cooperative Society Limited in Ibanda District (Western Uganda). Love joined the SACCO in December 2011, to save and get loans. She recalls with a beaming smile on how she learnt about the SACCO from one of her clients who sells millet. Love went to
the SACCO offices and inquired on the requirements and benefits for joining the SACCO. She immediately stated saving very little amounts irregularly.

In Nov 2013, love got her first loan of Ug. Shs. 2milliom at an Interest Rate of 3% flat, payable within 6 months. The loan was used to finish up the 2 rental houses she was constructing. In particular she used the money to roof and paint the rentals. The rooms immediately brought
her Ug. Shs. 50,000 each (rent per month) to supplement her meagre income from the primary school teaching job.

In Feb 2013, she got a loan of Ug. Shs. 3 million as top-up to her savings of Ug. Shs. 18million. This money was used to build a residential house. This house has made her very proud of savings with Kagongo Rural Development SACCO. She has been able to educate her 5 children.
Her last born child is in Form (senior) 2(two) at St. Josephs Vocational School in Ibanda District.

2014, she withdrew Ug. Shs. 23million in savings to set up a piggery enterprise. She constructed a piggery unit, bought 4(four) pigs each at Ug. Shs. 90,000 and stocked enough maize brand as feed. She has also managed to establish a leisure place that works 24 hours a day throughout the week. She employed 3 bar workers and 1 to looks after the pigs. From these two IGAs she earns not less than Ug. Shs. 1million per month.

In July 2017, she got another loan of Ug. Shs. 5million to buy a car for special hire transport services. She is servicing the loan from weekly earnings of Ug. Shs. 280,000 from its operations on the Mbarara – Kamwenge route.

“All the wealth I have got are attributed to the financial services from my SACCO, which is supported by PROFIRA.”