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National News

YOU DON’T HAVE AN OPTION THAN BEING RICH, MINISTER KASOOLO ON EMYOOGA PROGRAM

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By Admin
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The State Minister for Microfinance, Haruna Kasolo has said that through the Emyooga program, the government is ready to give Ugandans knowledge and seed capital to make them rich.

Kasolo said the government has recruited parish chiefs and each will be given a computer to register all people in his area and the businesses they are venturing in.

The minister was on Wednesday speaking as part of the monitoring process of the Emyooga program in Ntoroko district.

The minister said that in the next financial year, the Microfinance Support Centre will add an extra shs20 million as seed capital to saccos that have exhibited good performance.

Minister Kasolo told the people of Ntoroko that in order to become rich, they ought to have financial discipline and values that they follow routinely.

He explained to locals that multitasking might not be so useful to them as they might fail to concentrate on getting the best out of their businesses.

Kasolo however warned beneficiaries against defaulting and repaying loans obtained from Emyooga saccos.

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