MILLENNIUM SACCO 2012 EXPANDS TO HOIMA

Millennium Sacco has officially extended its footprint to Hoima, marking a significant milestone in its mission to promote financial inclusion and economic empowerment across Uganda. The launch event brought together religious leaders, government officials, Sacco leadership, and members of the Bunyoro community, all united by a shared vision of improving livelihoods through customized financial services.
The ceremony was characterized by messages of gratitude, collaboration, and a strong call to action for the people of Bunyoro to embrace saving and responsible borrowing.

In her remarks, the Deputy Mayor Hoima city, Mrs. Silyvia Nalumaga Balyesiima, warmly welcomed all attendees and expressed sincere appreciation to Millennium Sacco 2012 for extending its services to the region. She encouraged the people of Bunyoro to take full advantage of the Sacco’s offerings, particularly highlighting its competitive and attractive interest rates.
She ended by officially welcoming Millennium Sacco 2012 into Bunyoro and pledged her support to the Sacco during its operations.

The City Commercial Officer, commended Millennium Sacco’s expansion to Hoima. He took the opportunity to educate attendees on the core principles of a Sacco, emphasizing that it is not only a borrowing platform but also a vehicle for savings and investment.
He urged residents to embrace a balanced approach of saving consistently, investing in shares, and borrowing responsibly. Additionally, he tasked the Hoima branch with prioritizing financial literacy initiatives to ensure that members are well-equipped to utilize the Sacco’s products effectively. He pledged continued support in advancing these efforts.

The General Manager expressed deep gratitude to the Bishop of Bunyoro and the Diocese at large for their support in making the Hoima branch a reality. He welcomed all cooperators and emphasized the importance of unity within the financial sector, noting that Millennium Sacco’s goal is not to compete, but to collaborate with others to uplift the financial standing of the people of Bunyoro.
He highlighted the wide range of products and services offered by the Sacco, all designed to support members’ growth and financial stability. He placed special emphasis on investment in Shares, noting that members who invest benefit from annual dividends, which have consistently performed at 30% and above. He encouraged members to take advantage of this opportunity as a reliable way to build long-term wealth.
He ended by introducing the Millennium staff at the Hoima Branch led by the Branch Manager Mr Maclean Isingoma as well as Management team and other supporting staff present.

The Chairperson of the Board, Mr Fred Muhumuza also extended a warm welcome to the community and appreciated the Diocese of Bunyoro Kitara for laying the groundwork that enabled the Sacco to establish its presence in Hoima.
In his remarks, he highlighted the Sacco’s commitment to innovation and member-centered solutions through the introduction of new products designed to meet the evolving needs of members.
He introduced the Humura Program, a unique and compassionate initiative aimed at supporting members and their families during times of bereavement. He explained that through an annual contribution of only ugx 20,000, members are assured of financial support that helps ease the burden during difficult moments, reinforcing the Sacco’s commitment to standing with its members beyond financial services.
He also talked about the Emergency Loan product, emphasizing its importance in providing quick and affordable financial support during urgent and unforeseen situations
He concluded by introducing the BOD members present and reaffirmed the Board’s commitment to strengthening the Sacco, expanding its reach, and continuously introducing products that improve the financial well-being of all members

In his remarks, the Bishop of Bunyoro Kitara Diocese, Rt RevJacob Ateirweho officially welcomed Millennium Sacco to Bunyoro and applauded the Bishop of Ankole Rt Rev Assoc Prof Fred Sheldon Mwesigwa for his foresight in founding the institution.
Using a vivid African proverb, he likened the Sacco opportunity to “trapping an animal in a net,” noting that it is now up to the people to take action, either to seize the opportunity and benefit from it or let it pass.
He commended the Ankole Diocese for its impactful initiatives and expressed interest in learning from their model through benchmarking.
He concluded by urging the people of Bunyoro to join the Sacco in large numbers and fully utilize its services.

In his communication, Rt. Rev. Assoc. Prof. Fred Sheldon Mwesigwa, the Sacco’s Founder Patron and Bishop of Ankole Diocese, echoed gratitude to the Bunyoro Diocese and the wider community for their openness and support during the Sacco’s introduction and initial mobilization.
He shared a brief history of Millennium Sacco, explaining how it was born out of a need expressed by the people of Ankole Diocese for accessible and reliable financial services.
He also specifically acknowledged the presence of representatives from sister financial Institutions and thanked them for attending the function noting that their presence reflected a shared commitment to advancing financial inclusion and economic empowerment within the region. He emphasized the importance of collaboration over competition, calling on financial institutions to work together in improving the livelihoods of the People of Bunyoro Region.
He encouraged the people of Bunyoro to join, save, borrow wisely, and benefit from the Sacco’s favorable services. He ended by inviting the Guest of Honour to give his remarks.

The Guest of Honour, Mr. Sylvester Ndiroramukama, applauded the collaboration between the Bishops of Bunyoro and Ankole, noting its importance in driving community development.
He highlighted the government’s recognition of Saccos as powerful tools in lifting people out of poverty and challenged the audience with a thought-provoking question: “How prepared are you to benefit from Millennium Sacco?” Drawing from regional examples, he cited the success of Saccos in Kenya as a testament to their transformative potential. He reiterated the importance of not only borrowing but also saving and investing.
Demonstrating his confidence in the institution, he pledged to become a member himself and committed his support, particularly in advancing financial literacy efforts within the community. He noted that beyond providing financial services, institutions have a responsibility to equip communities with the financial knowledge highlighting that people can only fully utilize financial products and opportunities when they understand them. He encouraged Millennium Sacco to invest in continuous education initiatives that build confidence, promote responsible financial behavior, and enable communities to achieve sustainable economic growth

The day ended with Emeritus Bishop Samuel Kahuma Abwooli giving us a closing prayer as we as pledging to join the Sacco and invest in shares together with his Wife.

The Launch of the Millennium Sacco 2012 Ltd Hoima branch signals more than just expansion, it represents an opportunity for the people of Bunyoro to take charge of their financial future. With its strong leadership; the BOD, Management, and dedicated staff, Millennium Sacco 2012 is ready and well positioned to become a key driver of improved livelihoods, economic growth and financial empowerment in the region.