The Kamukamu Development Group is a shining example of the impact of Village Savings and Loan Associations (VSLAs) initiated by Kassanda Children’s Aid (KCA) in 2017. Located in Kyoga Village, Kamuli Sub-County, the group started with 30 members and a modest share capital of UGX 200,000.
Through diligent savings and prudent financial management, the group’s share capital grew exponentially, exceeding UGX 5 million within the first year. The group’s success can be attributed to its strong leadership, well‑prepared and trained leaders, and a clear vision for growth.
As the group’s reputation and financial stability grew, it attracted more members, and its share capital continued to increase. This rapid growth enabled the group to transform into a Savings and Credit Cooperative (SACCO). Today, Kamukamu Development Group operates from its office in Kamuli Town, with a board of directors overseeing its operations.
The group’s share capital has grown significantly, approaching a staggering UGX 1 billion. This remarkable achievement is a testament to the power of collective savings, prudent financial management, and the impact of KCA’s initiatives in empowering communities.
The success of Kamukamu Development Group serves as a model for other VSLAs and demonstrates the potential for community‑led initiatives to drive economic growth and development.
