MPs spot on with SACCOs

Editor, RE: “Legislators push for reforms in management of SACCOs” (The New Times, December 4).

Sunday, December 06, 2015

Editor,

RE: "Legislators push for reforms in management of SACCOs” (The New Times, December 4).

Thanks to the MPs for the diagnosis. However, one of the crucial problems that I think SACCOs struggle with is carrying out many legal related deals without having legal advisors, thus the cooperatives end up falling into unplanned and unavoidable judicial orders to be implemented.

I think this is also urgent because if you cannot safeguard what you gained in profits, it also means there is a long way to go.

For instance, cases of employees whose contracts are terminated unlawfully, loans given without authentic documents and procedures not respected, taking decisions not compliant with the Cooperatives Act which are in the end overridden, and different contracts with poor clauses...

I think the cooperatives, which have reached that level, should look for legal experts to safeguard that part of their business.

I salute the MPs for their good diagnosis.

Patrick Kamugisha