COOPERATIVES SOCOITIES WERE RECENT ONES

One of the strategies that made parts of Buganda to floresent was the establishment of co-operative unions

Rakai District borrowed that idea and it established Rakai District Employees savings and credit  society(RADESCS)

Its Aim was to give simple loans to tis members but at a low interest rate and to save their money for msicellenous affairs

but this is what was done; Loan processing period was 2-5 months, big loans were give only to executive members,withdraws took 3-5 months.
And it did not meet members expectations which led most of them to stop saving with this cooperative society

Location: RAKAI DISTRICT HQTS, RAKAI, UGANDA