About us
Glory savings and credit society ltd (Glory SACCO) is a microfinance institution (MFI) in tire I of financial institutions it’s owned by all members who use its services (self-built) and each member must have at least one share.
Glory Sacco is committed to grow its membership and share capital through the transformation path, that attract new equity investors in order to attract in new capital that will allow further growth, expertise and networks. More relationships will be forged to open up funding opportunities.
Glory Sacco is governed by two main committees, including the supervisory/auditing committee and executive committee. The committees are charged with providing strategic oversight, guidance and advises management on behalf of the shareholders but also embraces the key values of the institution. The committees set up enabling policy framework and ensure compliance. In addition, the committees reviews and approves annual work plans and budgets as well as reviewing quarterly performance reports.
Our Mission
Our Vision
Our Values
Our customer value
GLORY SACCO HISTORY
Bishop Herbert Kiwanuka
Began in2011, Glory cooperative savings and credit society LTD idea was conceived by Bishop Herbert Kiwanuka of Glory of Christ Ministries from the desire and passion to help people especially the poor and unprivileged. “I always wanted to help people but didn’t know how” Said Bishop Herbert. Until one day when we had an urgent financial need that pushed us to borrow money from one of the existing commercial banks in Uganda.
After going through the whole application process, the amount that was credited on the account was less by at least Uganda shillings 2M. This disturbed me a lot because no earlier explanations were made to me by the bank representatives about the charges. We took a moment in a dilemma not knowing what to do since the money we received; being less by 2M could not solve the problem. In addition, the interest amount we were supposed to pay per month for a period of 2 years was unbelievably too high.