The various groups have met all other conditions except four due to lack of operational office, failure to raise AGM minutes and resolutions, low savings and lack of financial records.
Kasolo ordered the District Commercial Officers to write to bank managers informing them that Executive committees can withdraw the money as they wish without necessarily presenting a recommendation letter from their offices.
The leaders are now pleading for an additional grace period from three months to at least six months due to the effects of the covid-19. They also want new guidelines on how the funds will be recovered.
Julius Sseremba, a teacher at Lwengo modern primary school argues that the requirement to have registered and operational SACCOs as guarantors is likely to lockout many teachers yet they need urgent interventions for their survival.
