The idea of working together to develop and promote the wellbeing amongst the staff of Lubaga Hospital through the culture of communal savings and credit started way back in the early 1990’s. During this time Staff members formed what was then called the “Rubaga Hospital Club” and at one time the club received Entandikwa Credit Scheme in 1996 and 1997. Due to the successes that the staff registered over the years, Members then resolved to form a savings and credit society on 1 st march 2009 and on 24 th July 2009 the society was registered with the ministry of trade, Industry and Cooperative with a registration number 8949/RCS. It was inaugurated on 3rd /Oct.2009.
The society started with a membership of 50 members of staff in 2009 and the numbers have progressively grown over the years to a total of 675 members, 0ver 2.2b worth of share capital, and around 0.68b worth of savings as at 31st December 2022. This has been possible due to conducive working relationship between the Rubaga Hospital Staff SACCO and its “Mother” Organization, Lubaga Hospital that has been maintained between the two parties over all those years.
Management Team
- The society is run by three bodies: The management committee (Board), the Supervisory
committee, and the General meeting which is the supreme body that makes final decisions. - The Board comprises Chairperson, Vice-chairperson, Secretary, Publicity secretary, treasurer,
and four representatives from medical, nursing, and Administration departments. It provides
direction, formulates, approves, and implements operative and financial policies to ensure that
the society does not lose money. - The supervisory committee is responsible for the society’s compliances so that all members
realize the value for their money.
Membership:
- All Staffs of Lubaga Hospital including those on contract terms qualify to be members, after
paying the membership fee of UGX 50,000 and at least two shares equivalent to UGX 40,000 and
a minimum monthly savings of at least UGX 10,000/=. However, a member may opt to first pay for shares applied for and start saving letter - Savings are deducted from one's salary and paid to the scheme after a member has signed a
form authorizing the deductions. A member can also save by paying cash to the cashier. - Loans are extended to only members at an interest rate of 1% (short term loans of one month),
2% (short term loan of 2 months), 3% (short term loans 1-3 Months), 10% (4-12 Months), 15%
(13-24 Months) and 20% (25 – 36 Months) Loan insurance fee of 1% is charged.
A member leaving the scheme for any reason is entitled to all his/her savings with an exception
of membership fee which will be used to cater to scheme expenses.
Registration Number
Reg.No. 8949/RCS TIN 1015539322 NSSF NS129196VOL
Registered address of the society
Rubaga Hospital Staff Cooperative Savings & Credit Society Ltd C/O Rubaga Hospital, P.O.Box 14130 Kampala.
