President Museveni has advised members of the Uganda People’s Defence Forces (UPDF)’s Wazalendo Saving and Cooperative Society to use their loans wisely to avoid future disappointments.
“When you borrow money, you should use it for the construction of rentals near your trading centre and build a personal house when you are about to retire,” said Museveni, also the Commander In Chief of the armed forces.
The President who is currently on a countrywide tour of UPDF barracks to acquaint himself with the situation in the barracks and the challenges soldiers are facing, was last weekend addressing Officers and men of the 3rd Division in Moroto Army barracks in Moroto District, Karamoja Sub-Region.
He also advised spouses of soldiers to engage in income generating enterprises such as weaving of sweaters, among others. He at this juncture announced the injection of Shs.100 million into the Savings and Credit Cooperative Organization (Sacco) of the wives of soldiers of the 3rd Division.
According to the Chief of Defense Forces (CDF), Gen. David Muhoozi, Wazalendo has 70,000 members who have saved substantial amount of money. He says the aim of the SACCO is to help soldiers improve their life and that of their families.
Gen. Museveni used the occasion to remind Officers and men of the 3rd Division of the principles of a liberation army that include Patriotism, Pan-Africanism, Socio-Economic Transformation and Democracy.
“Your work is to ensure prosperity for our people; that families have income, live in good houses, send children to school, have good health and easy mode of transport,” he said.