Presidential Initiative for Wealth and Job Creation (Emyooga)
It is a presidential initiative centered on various enterprises/categories/Emyooga covering majority of Ugandans.
It promotes access to and usage of financial services
Specific Objectives
- Mobilization of internal resources-savings
- Provision of seed capital
Components
- Establishment of parish based Emyooga Association (7-30)
- Establishment of constituency based SACCOs (5Ass)
Target Area of operation
The SACCOs formed of parish associations operates at constituency level
Target population: Ugandans aged 18 and above except for youth where members should not exceed 35 years
Identification of Emyooga Members: identification of individual members subscribing to a given category/enterprise/mwooga is done at the parish level
Constituency SACCO Membership
- Only registered parish associations composed of members engaged in similar enterprise will be members of the constituency SACCO
- No individual will be allowed to be member of the SACCO
- Minimum number of associations per SACCO is 5 associations