Our story

Stride Development Association started in February 2010 with a team of 13 people who were working with different organizations within Kasese district among them, Bakwanye Trading. Co. Ltd employed the majority number. The purpose of the organization was to empower the members economically and this could only be achieved through implementing the core organizational programs that include a savings and credit scheme, Agriculture support and marketing and education and health support.

These core programs would not be started at once because of limited resources; thus Stride Development Sacco was started to work as the hand that feeds the association. The Sacco commenced operations on the 1st March 2010 with 13 members who pooled resources and the first loan was disbursed on the same day. Stride Development Sacco celebrated 14 years of existence on the 1st of March 2024 with many roses to it.

Due to limited resources, the other core programs including Agriculture support and marketing and education and health support still remain on paper as dreams yet to be visualized.

Key Guiding Principles

To successfully achieve the objectives of the SACCO, all members are expected to adhere to the following guiding principles:

  • The core principle is to uphold the values of savings, lending, and investment in every action and decision undertaken by the association.
  • All members are regarded as equal in status and rights.
  • Mutual respect for each member’s rights and obligations is essential.
  • Each member shall responsibly fulfill their duties in good faith, in alignment with the association’s constitution and assigned roles.
  • Disputes or misunderstandings among members must be resolved peacefully to preserve harmony and strengthen the community bond.
  • Members are encouraged to actively support the association to ensure the smooth execution of its activities.
  • Friendship and cooperation among members will always be cherished as key principles in achieving the association’s goals.
  • The liability of members is limited strictly to their shares and savings.

Vision, Mission, and Objectives

Vision
To build an association where every member thrives with a quality life and actively contributes to societal progress.

Mission
To enhance human well-being by offering accessible and affordable financial services.

Motto: ‘Saving for Success’

Objectives

  1. Promote a culture of savings to secure a better future.
  2. Provide affordable financial solutions to members and the community.
  3. Invest members' savings to create sustainable income growth.
  4. Generate meaningful employment opportunities for members and the professional community.
  5. Guide members and the community in identifying and pursuing viable business ventures.
  6. Serve as a model self-help association, inspiring others in our community.
  7. Deliver affordable, high-quality healthcare services to members and the wider community.
  8. Support the education of members and their dependents, fostering brighter futures.

Key Figures

Join our thriving community of over 4,500 active members!

    • Helping 700+ satisfied clients secure the right loans

    • Powered by a team of 25 dedicated professionals

    • Proud to maintain a 95% loan recovery rate in agricultural projects

    • Delivering 14 years of trusted service since 2010

 

SACCO Governance Structure

The highest decision-making organ is the Annual General Meeting (General assembly) which must sit every year to assess whether the Sacco is still on track. This AGM elects the Executive Committee (Board) and supervisory Committee (SupCo) which are responsible for overseeing the performance of management. The management team is headed by the Sacco manager and the Sacco currently employs 25 people.

Key Partnerships & Clients

1. Empowering Education

We support schools and training institutions with savings accounts and credit facilities, including:
✅ Royal Modern School
✅ Margherita Training Institute
✅ Universal College Kasese
✅ 5+ other educational institutions

We also bank staff SACCOs, ensuring educators have access to financial solutions.

2. Boosting Agriculture

Through the MUIIS Agro Project (funded by Rabobank Foundation, Netherlands), we have:
🚜 Disbursed 129.8M UGX in loans to 330+ farmers
📈 Achieved an outstanding 95% loan recovery rate
🤝 Partnered with Mt. Rwenzori Coffee Farmers Union, Kasese District Farmers Association, and national bodies like Uganda National Farmers Federation

3. Strengthening Faith-Based Initiatives

We work closely with the South Rwenzori Diocese (SRD), providing:
💳 Banking services for 3 churches
🙏 Membership for 10+ priests
🚗 Vehicle financing for the Mahango Archdeaconry

✔ Proven Success: High liquidity, strong loan recovery, and sustainable growth
✔ Multi-Sector Expertise: Education, agriculture, and community development
✔ Local & Global Reach: From grassroots cooperatives to international funding partners

"Together, we finance dreams and build stronger communities.