Annual General Meetings
The record of our meetings
The Annual General Meeting is where the membership holds the society to account. Members receive the accounts, question the Executive Committee, and vote on the matters put before them. What follows is the record of those meetings, published as filed.
Financial reports
UGX 1.71bn
Member savings held at 31 December 2025, up from UGX 1.10bn a year earlier.
UGX 2.40bn
Lent out to members, up from UGX 1.37bn. Lending grew faster than anything else in the society.
(UGX 57.0m)
Deficit for the 2025 financial year, against a surplus of UGX 57.0m in 2024. No dividend was paid.
| Line item | 2025 | 2024 |
|---|---|---|
| Member savings held | 1,712,995,541 | 1,099,729,127 |
| Loans out to members | 2,400,771,228 | 1,374,845,649 |
| Total assets | 2,967,013,451 | 1,937,606,815 |
| Total income | 574,204,122 | 638,430,776 |
| Total expenses | 631,199,000 | 581,450,814 |
| Surplus for the year | (56,994,878) | 56,979,962 |
| Members | 110 | 86 |
2025 was a difficult year and the accounts say so plainly. The society grew quickly, with savings up by more than half and lending up by three quarters, but it spent more than it earned and closed the year with a deficit of UGX 56,994,878. The members resolved that no dividend be paid and that everything be retained to rebuild capital.
These statements were approved by the Committee, signed by the Chairperson, the Treasurer and the Secretary, and adopted by the members at the Annual General Meeting of 7 May 2026.
Minutes and accounts
Held at Hillside Hotel from 10:00 am to 2:00 pm, chaired by Mirembe Rebecca Mulindwa. Quorum was achieved and the meeting was duly constituted. Twelve resolutions were put to the members and all twelve were passed, including adoption of the audited financial statements for 2025.
The meeting resolved that no dividend would be paid for the 2025 financial year, following a deficit of UGX 56,994,878, and that all resources be retained for capital recovery. Membership stood at 110 and share capital at UGX 139.7 million.
Minutes received and stamped by the Office of the Commissioner for Cooperative Development on 8 July 2026.
Audited accounts for 2025, adopted at this meeting (PDF, 8 MB)
These documents are scanned copies of the papers as they were signed and filed. They are large files, so if you are using mobile data you may prefer to read them at a branch, where a copy is kept.
Taking part
Every member is entitled to attend, to speak, and to vote. Notice of each meeting is sent out in advance. If you would like a matter placed on the agenda, or you want to know when the next meeting will be held, speak to your branch.