Ibanda Residents Urged To Shift From Funeral Contributions To Investment Savings Groups
The story
Residents of Kikyenkye Sub-county in Ibanda District have been urged to move away from forming associations that only mobilise funeral contributions and instead establish productive savings and investment groups capable of transforming livelihoods and accelerating community development.
The call was made on Monday by Charles Byooma Ahimbisibwe, the Speaker of Kikyenkye Sub-county, during the 12th anniversary celebrations of Kajumbura United Group held at Kajumbura Trading Centre.
Details
Ahimbisibwe commended the group for demonstrating how unity, savings and investment can improve household incomes and create lasting economic opportunities.
“Our communities should stop focusing on groups that only collect money for funerals or operate without a saving culture. We need associations that mobilise people to save, invest and create wealth because that is the foundation of sustainable development,” Ahimbisibwe said.
He challenged members to go beyond savings and invest in income-generating projects that can strengthen the group’s financial base and create employment opportunities within the community.
“The next step should be investing in projects that generate income. By diversifying your sources of revenue, you will build a stronger community and secure a better future for your families,” he added.
The celebrations also highlighted the growth of Kajumbura United Group, which has evolved from a small village association into one of the area’s successful community savings groups.
According to the group’s chairperson, Christopher Kakuru , the association was founded 12 years ago with a vision of encouraging members to save together and support one another financially.
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