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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
capture d in the signed PRF Financi ng Agreem ent = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs that received funds before signing PRF financing agreemen ts 0 = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM No. of PDM No. of PDM Amount of PRF received before PRF.agreements 0 = . , Vote code. = 861. , Entity Name. = . , Regis tratio n of PDM SACC Os Under the Coope rative Societ.ies Act No of PDM SACC Os that were not regist ered under the Coope rative Societ ies Act. = . , Licensing of PDM SACCOs Under the Microfinance Institutions Money Lenders Act No. of PDM SACCOs that.were not licensed to take on the business of lending under Microfinance Institutions money lenders act = . , Registration of Enterprise Groups as Community Based Organizations.No. of Enterprise Groups that are not registered as Communit y Based Organizati ons = . , No. of SACCOs. = . , No. of PDM SACCOs that did not have a PDM member registers = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM No. of PDM No. of PDM Amount of PRF received before PRF.that did not have updated PDM member registers = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM
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7.4.1 Registration of PDM SACCOs and Enterprise Groups
1., Nature of registration = Licensing of PDM SACCOs Under the Microfinance Institutions Money Lenders Act. 1., Observations = All the 10 sampled SACCOs were not licensed to take on the business of lending under Microfinance Institutions money lenders act as detailed in Appendix 13. As a result, enforcement of. 1., Recommendation = I advised the Accounting Officer to engage the PDM Secretariat for further guidance on this matter.. 2., Nature of registration = Signing of PRF Financing Agreements. 2., Observations = guidance was not clear on licensing UGX 1,025,000,000 was transferred to 10 sampled SACCOs before signing PRF financing agreement as detailed in Appendix 14. In 10 PDM SACCOs, there was no evidence that the SACCO bank. 2., Recommendation = I advised the Accounting Officer to ensure that going forward that all the SACCOs sign the PRF financing agreement to formalise the government relationship with the SACCOs.
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3., = Submission of Attestation Forms by the Accounting Officer (AO) UGX 1,025,000,000 transferred to 10 sampled SACCOs without evidence of submission of attestation form to the Secretariat as detailed in Appendix 15.. 3., improvement. = was I advised the Accounting Officer to ensure that going forward attestation forms are submitted to the PDM Secretariat before funding of PDM SACCOs.. , = be taken accordingly.. , improvement. = Accounting Officer acknowledged the anomaly and noted that action shall
Irregularities in registration of PDM SACCOs and Enterprise groups could lead to loss of PRF due to funding illegitimate SACCOs that do not meet minimum requirements for operation, and extending loans to members of non-existent enterprise groups, and ineligible beneficiaries. In addition, enforcement of recovery of PRF from beneficiaries by unlicensed PDM SACCOs may be legally challenged.
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
Os the ies Act No of.PDM SACC Os that were not regist ered under the Coope rative Societ ies = Katakwi DLG. 10, Regis tratio n of PDM SACC Under Coope rative Societ.SACCOs that were not licensed to take on the business of lending under Microfinance Institutions money lenders act = 1. 10, Licensing of PDM SACCOs Under the Microfinance Institutions Money Lenders Act No. of PDM.No. of Enterprise Groups that are not registered as Communit y Based Organizati ons = . 10, Update of SACCO Enterprise and Household Registers No. of.PDM SACCOs that did not have a PDM member registers = . 10, Update of SACCO Enterprise and Household Registers No. of.No. PDM SACCOs that did not have updated PDM member registers = . 10, Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs without signed PRF financin g agreem ents = . 10, Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs without signed PRF financing agreements that signed PPRF before the first AGM = . 10, Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs whose SACCO bank account number was not capture d in the signed PRF Financi ng Agreem = . 10, Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs that received funds before signing PRF financing agreemen ts = . 10, Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred
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5.3.5 Registration of PDM SACCOs and Enterprise Groups
Paragraph 2.6.2, 2.6.3, 3.10 of Users Handbook for the Parish Revolving Fund (PRF) under PDM Pillar 3 - Financial Inclusion October 2022; and Section 36(1, 2 &3) of Tier 4: Microfinance Institutions money lenders act, 2016 requires that;
The LG and more specifically the TILED department shall support the Office of the Registrar of Cooperative Societies at the MoTIC, to complete the PDM SACCO registration process.
A SACCO shall not carry on the business of provision of financial services to its members unless it is a registered society and licensed under this Act or it is operating on a probationary period pending registration under the Cooperatives Societies Act or it has applied for a licence under this Act.
The PDM Enterprise Groups shall be registered by the Community Development Officers at the Sub-County, as a Community Based Organization. A copy of the certificate of Registration of the Enterprise Group (together with details of the members of the Group) shall be sent to the Chairperson of the PDM SACCO and to the DCO.
A SACCO shall sign PRF Financing Agreement with the Accounting Officer. The purpose of this Agreement is to formalise the relationship between Government and the PDM SACCOs.
The Chairperson PDM SACCO shall from time to time update the PDM Member Register and at any available General Meeting shall present the new members to the general assembly for admission into the PDM SACCO
The Accounting Officer shall submit an Attestation Form to confirm that the PDM SACCO was formed in accordance with the issued PDM Pillar 3 guidelines. This was further emphasised by the PSST in the budget execution circular for FY 2022/2023 dated June 2022.
I made the following observations;
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
agreements = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs whose SACCO bank account number was not capture d in the signed PRF Financi ng Agreem = -. , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs that received funds before signing PRF financing agreemen ts = -. , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = . , Vote code. = . , Entity Name. = . , Regis tratio n of PDM SACC Os Under the Coope rative Societ.ies Act No of PDM SACC Os that were not regist ered under the Coope rative Societ ies Act. = . , Licensing of PDM SACCOs Under the Microfinance Institutions Money Lenders Act.No. of PDM SACCOs that were not licensed to take on the business of lending under Microfinance Institutions money lenders act = 90. , Registration of Enterprise Groups as Community Based Organizations.No. of Enterprise Groups that are not registered as Communit y Based Organizati ons = . , Registration of Enterprise Groups as Community Based Organizations.No. of SACCOs. = -. , Update of SACCO Enterprise and Household Registers.No. of PDM SACCOs that did not have a PDM member registers that signed PPRF before the first AGM = -. , Update of SACCO Enterprise and Household Registers.No. PDM SACCOs that did not have updated PDM member registers = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM
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Recommendation
I advised the Accounting Officer to engage the PDM Secretariat for adequate financing of PDC trainings and operations and to organise more trainings on the roles and importance of these committees in the implementation of PDM and also request some facilitation to motivate the committee members .
Paragraph 2.6.2, 2.6.3, 3.10 of Users' Handbook for the Parish Revolving Fund (PRF) under PDM Pillar 3 Financial Inclusion October 2022; and Section 36(1, 2 &3) of Tier 4: licensed under Microfinance Institutions money lenders Act. I made the following observations;
, Nature of registration = Licensing of SACCOs Under Microfinance Institutions Money Lenders Act. , Observations = PDM AII the 10 sampled PDM SACCOs were not the licensed to take on the business of lending under Microfinance Institutions money lenders act as detailed in Appendix 11.. , Management response = The Accounting Officer explained that, although PDM SACCOs are classified as Tier Micro-finance Institutions that should not carry on the business of provision of financial services as it may fail to enforce recoveries, fully they. 2, Nature of registration = Registration of Enterprise Groups as Community Based Organizations. 2, Observations = 145 out of 165 Enterprise groups in 10 PDM SACCOs were not registered by the Community Development Officers Sub County as Community Based Organizations (CBOs) as detailed in appendix 12. 2, Management response = mobilization . The Accounting Officer explained that, the formation of enterprise groups was long process which required collection of data concerning members in such
Irregularities in registration of Enterprise Groups could lead to loss of PRF due to; beneficiaries by unlicensed PDM SACCOs may be legally challenged.
I advised the Accounting Officer to engage PDM Secretariat the issue of licensing and also to ensure that enterprise groups have evidence of registration with the SubCounty Community Development Officers before qualification for funding.
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
AGM = 10. , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs whose SACCO bank account number was not capture d in the signed PRF Financi ng Agreem ent = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs that received funds before signing PRF financing agreemen ts = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.agreements = -. , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.agreements = -. , Vote code.No. of SACCOs. = 90. , Entity Name Regis tratio n of PDM SACC Os the Societ ies Act No of.SACC Os that were not regist ered the ies Act. = . , Under Coope rative Act PDM.under Coope rative Societ SACCOs that were not licensed to take on the business of lending under Microfinance Institutions money lenders act = - 90. , Licensing of PDM SACCOs Under the Microfinance Institutions Money Lenders No. of PDM.No. of Groups that are not
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
agreemen ts = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.agreements = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.agreements = . , Vote code.No. of SACCOs. = . , Entity Name Regis tratio n of PDM SACC Os the Societ ies Act No of.SACC Os that were not regist ered the ies Act. = . , Under Coope rative Act PDM.under Coope rative Societ SACCOs that were not licensed to take on the business of lending under Microfinance Institutions money lenders act = . , Licensing of PDM SACCOs Under the Microfinance Institutions Money Lenders No. of PDM.No. of Groups that are not as y Based ons = . , Registration of Enterprise Groups as Community Based Organizations.Enterprise registered Communit Organizati = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.No. of PDM SACCOs that did not have a PDM member registers = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs without signed PRF financing agreements = . 107, Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs whose SACCO bank account number was not capture d in the signed PRF Financi ng Agreem = . 107, Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs that received funds before signing PRF financing agreemen ts = . 107, Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = . , Vote code. = . , Entity Name. = . , Regis tratio n of PDM SACC Os Under the Coope rative Societ.ies Act No of PDM SACC Os that were not regist ered under the Coope rative Societ ies Act. = . , Licensing of PDM SACCOs Under the Microfinance Institutions Money Lenders Act.No. of PDM SACCOs that were not licensed to take on the business of lending under Microfinance Institutions money lenders act = . , Registration of Enterprise Groups as Community Based Organizations.No. of Enterprise Groups that are not registered as Communit y Based Organizati ons = . , Registration of Enterprise Groups as Community Based Organizations.No. of SACCOs. = . , Update of SACCO Enterprise and Household Registers.No. of PDM SACCOs that did not have a PDM member registers that signed PPRF before the first AGM = . , Update of SACCO Enterprise and Household Registers.No. PDM
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
Agreem ent = -. , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs that received funds before signing PRF financing agreemen ts = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.agreements = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.agreements = . , Vote code.No. of SACCOs. = 917. , Entity Name Regis tratio n of PDM SACC Os the Societ ies Act No of.SACC Os that were not regist ered the ies Act. = . , Under Coope rative Act PDM.under Coope rative Societ SACCOs that were not licensed to take on the business of lending under Microfinance Institutions money lenders act = . , Licensing of PDM SACCOs Under the Microfinance Institutions Money Lenders No. of PDM.No. of Groups that are not as y Based ons = . , Registration of Enterprise Groups as Community Based Organizations.Enterprise registered Communit Organizati = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
the first AGM = 0. , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs whose SACCO bank account number was not capture d in the signed PRF Financi ng Agreem ent = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs that received funds before signing PRF financing agreemen ts = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.agreements = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.agreements = . , Vote code.No. of SACCOs. = . , Entity Name Regis tratio n of PDM SACC Os the Societ ies Act No of.SACC Os that were not regist ered the ies Act. = . , Under Coope rative Act PDM.under Coope rative Societ SACCOs that were not licensed to take on the business of lending under Microfinance Institutions money lenders act = . , Licensing of PDM SACCOs Under the Microfinance Institutions Money Lenders No. of PDM.No. of Groups
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
Amount of PRF received before PRF.No. of PDM SACCOs that did not have a PDM member registers = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.that did not have updated PDM member registers = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs without signed PRF financin g agreem ents = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs without signed PRF financing agreements that signed PPRF before the first AGM = -. , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs whose SACCO bank account number was not capture d in the signed PRF Financi ng Agreem ent = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs that received funds before signing PRF financing
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
Amount of PRF received before PRF.that did not have updated PDM member registers = . -, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs without signed PRF financin g agreem ents = . -, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs without signed PRF financing agreements that signed PPRF before the first AGM = . -, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs whose SACCO bank account number was not capture d in the signed PRF Financi ng Agreem ent = . -, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs that received funds before signing PRF financing agreemen ts = . -, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.agreements = . -, Update of SACCO Enterprise and Household Registers
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4.1.2.7 Registration of PDM SACCOs and Enterprise Groups
1., Nature of registration = Licensing of SACCOs Under Microfinance Institutions Lenders Act. 1., Observations = PDM the Money All SACCOs were not licensed to take on the business of lending under Microfinance Institutions Money Lenders Act as detailed in Appendix 10. As a result, enforcement of recovery of PRF from beneficiaries by the PDM SACCOs may be legally challenged leading to loss of funds.. 1., Management Response = The Accounting Officer explained that the SACCOs are registered under cooperative societies Act and they are on their probationary period to acquire licenses from Microfinance Institutions that allows extending financial services to its members.. 2., Nature of registration = Update of Enterprise Household Registers. 2., Observations = SACCO and All SACCOs did not update PDM member registers contrary to the guidelines. Failure to update PDM member registers may result to extending PRF loans to ineligible beneficiaries leading to failure to achieve pillar. 2., Management Response = The Accounting Officer explained that the new beneficiaries are admitted to the SACCOs at the Annual General Meeting and registers will be update.. 3., Nature of registration = Signing of PRF Financing Agreements. 3., Observations = objectives. PRF financing agreements were not availed at the time of audit and I. 3., Management Response = The Accounting Officer explained that the PRF
37
could not ascertain if PRF funds Were transferred to the SACCOs before signing the PRF Financing Agreement., 1 = Financing Financing. , 1 = Agreements were signed by AO before funds were transferred to the SACCOs however the. Transfer of PRF to SACCOs without PRF financing agreements could lead to funding illegitimate SACCOs, 1 = Agreements submitted to State. , 1 = were Attorney for witness at the. , 1 = time of audit.. and loss of PDM funds., 1 = and loss of PDM funds.
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
No. of PDM SACCOs No. of PDM No. of PDM.SACCOs without signed PRF financing agreements = . 43, Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.that signed PPRF before the first AGM SACCOs whose SACCO bank account number was not capture d in the signed PRF Financi ng Agreem = -. 43, Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs that received funds before signing PRF financing agreemen ts = -. 43, Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = . 43, Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = . 43, Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = . , Vote code. = . , Entity Name Os. = . , Regis tratio n of PDM SACC Under the Coope rative.Societ ies Act No of PDM SACC Os that were not regist ered under the Coope rative Societ ies Act. = 0. , Licensing of PDM SACCOs Under the Microfinance Institutions Money Lenders Act No. of PDM SACCOs that.were not licensed to take on the business of lending under Microfinance Institutions money lenders act = 10. , Registration of Enterprise Groups as Community
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
Based Organizations.No. of Enterprise Groups that are not registered as Communit y Based Organizati ons = . , Registration of Enterprise Groups as Community Based Organizations.No. of SACCOs. = 10. , Update of SACCO Enterprise and Household Registers.No. of PDM SACCOs that did not have a PDM member registers = 10. , Update of SACCO Enterprise and Household Registers.No. PDM SACCOs that did not have updated PDM member registers = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs without signed PRF financin g agreem ents = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs without signed PRF financing agreements = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.that signed PPRF before the first AGM SACCOs whose SACCO bank account number was not capture d in the signed PRF Financi ng Agreem = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs that received funds before signing PRF financing agreemen ts = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF
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1d0edfd4-a27c-4e18-a661-2eeb2fc77db2
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
SACCOs without signed PRF financin g agreem ents = 0. 9, Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs without signed PRF financing agreements that AGM = 0. 9, Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.signed PPRF before the first SACCOs whose SACCO bank account number was not capture d in the signed PRF Financi ng Agreem ent = 10 0. 9, Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs that received funds before signing PRF financing agreemen ts = 0 -. 9, Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = 0 -. 9, Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = 0 -. 9, Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = 0 -. 10, Vote code. = 611. 10, Entity Name. = Agago Local Government. 10, Regis tratio n of PDM SACC Os Under the Coope rative Societ ies Act No of PDM.SACC Os that were not regist ered under the Coope rative Societ ies Act. = -. 10, Licensing of PDM SACCOs Under the Microfinance Institutions Money Lenders Act.No. of PDM SACCOs that were not licensed to take on the business
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51cc8ad7-a952-4bd3-aaff-1e4901c586d5
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
signed PRF financing agreements that signed PPRF before the first AGM = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs whose SACCO bank account number was not capture d in the signed PRF Financi ng Agreem = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs that received funds before signing PRF financing agreemen ts = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements - = . , Vote code. = . , Entity Name Os the ies Act No of.PDM SACC Os that were not regist ered under the Coope rative Societ ies = . , Regis tratio n of PDM SACC Under Coope rative Societ.SACCOs that were not licensed to take on the business of lending under Microfinance Institutions money lenders act = . , Licensing of PDM SACCOs Under the Microfinance Institutions Money Lenders Act No. of PDM.No. of Enterprise Groups that are not registered as Communit y Based Organizati ons = . , Update of SACCO Enterprise and Household Registers No. of.PDM SACCOs that did not have a PDM member registers = . , Update of SACCO Enterprise and Household Registers No. of.No. PDM SACCOs that did not have updated PDM member registers = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs without signed PRF financin g
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5cad25cf-4de5-4e29-8c34-03d303ba6723
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
without signed PRF financin g agreem ents = -. 126, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs without signed PRF financing agreements that signed PPRF before the first AGM = . 126, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs whose SACCO bank account number was not capture d in the signed PRF Financi ng Agreem ent = -. 126, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs that received funds before signing PRF financing agreemen ts = -. 126, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.agreements = -. 126, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.agreements = -. , Vote code.No. of SACCOs. = 921. , Entity Name Regis tratio n of PDM SACC Os the
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908db417-1fa8-4fd0-af68-fd9840b939e4
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7.10 Reqistration_of PDM SACCOs and Enterprise Groups
, 1 = . , 2 = ineligible beneficiaries leading to failure to by the guidelines achieve pillar objectives. The Accounting Officer acknowledged the shortcoming and promised to ensure the registers are put in place UGX. 766,576,398 was transferred to 10 advised before signing PRF. 3, 1 = Signing of Financing Agreements. 3, 2 = the sampled SACCOs Accounting Officer financing agreements. However , PRF ensure that the Agreements of 10 PDM SACCOs were SACCOS receiving signed before the first AGM took place the PRF have signed implying that the signatories were not the PRF Financing Agreements in place.. , 1 = . , 2 = elected by the SACCOs. Appendix 13 UGX. 766,576,398 was transferred to 10 PDM SACCOs before signing PRF financing agreement as detailed in Appendix.13 In 10 PDM SACCOs, the SACCO bank account number provided was captured in the signed PRF Financing Agreement as guided by Budget execution circular for FY 2022/2023, June 2022
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92f8203c-c96c-4a5a-a6e5-66ec79dd67b7
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
transferred to PDM No. of PDM No. of PDM No. of PDM Amount of PRF received before PRF.that did not have updated PDM member registers = 10. 63, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs without signed PRF financin g agreem ents = 0. 63, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs without signed PRF financing agreements = . 63, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs that signed PPRF before the first AGM 10 = . 63, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs whose SACCO bank account number was not capture d in the signed PRF Financi ng Agreem ent = . 63, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs that received funds before signing PRF financing agreemen ts 0 = . 63, Update of SACCO Enterprise and
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9bc0bd53-c345-48d3-bb32-2d17133bfe8f
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6.3.7 Reqistration of PDM_SACCOs and Enterprise Groups
Paragraph 2.6.2, 2.6.3, 3.10 of Users Handbook for the Parish Revolving Fund (PRF) under PDM Pillar 3 Financial Inclusion October 2022; and Section 36 (1, 2 &3) of Tier 4: Microfinance Institutions money lenders act, 2016 requires that;
The LG and more specifically the TILED department shall support the Office of the Registrar of Cooperative Societies at the MoTIC, to complete the PDM SACCO registration process.
The be registered by the Community Development Officers at the Sub-County, as a Community Based Organization. A copy of the certificate of the members of the Group) shall be sent to the Chairperson of the PDM SACCO and to the DCO.
A SACCO shall not carry members unless it is a registered society and licensed under this Act or it is operating on a probationary period pending registration under the Cooperatives Societies Act or it has applied for a licence under this Act.
A PRF Financing Agreement with the Accounting Officer . The purpose of this Agreement is to formalise the relationship between Government and the PDM SACCOs.
The Chairperson PDM SACCO shall from time to time update the PDM Member Register and at any available General Meeting shall present the new members to the general assembly for admission into the PDM SACCO
The Accounting Officer shall submit an Attestation Form to confirm that the PDM SACCO was formed in accordance with the issued PDM Pillar 3 guidelines. This was further emphasised by the PSST in the budget execution circular for FY 2022/2023 dated June 2022.
I made the following observations;
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e2d3ed67-194b-4a81-9aec-53a8297950a6
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
agreements = 0. 3, Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = 0. 4, Vote code. = 605. 4, Entity Name. = Jinja City. 4, Regis tratio n of PDM SACC Os Under the Coope rative Societ ies Act No of PDM.SACC Os that were not regist ered under the Coope rative Societ ies Act. = 0. 4, Licensing of PDM SACCOs Under the Microfinance Institutions Money Lenders Act.No. of PDM SACCOs that were not licensed to take on the business of lending under Microfinance Institutions money lenders act = 26. 4, Registration of Enterprise Groups as Community Based Organizations.No. of Enterprise Groups that are not registered as Communit y Based Organizati ons = 0. 4, Registration of Enterprise Groups as Community Based Organizations.No. of SACCOs. = 0. 4, Update of SACCO Enterprise and Household Registers.No. of PDM SACCOs that did not have a PDM member registers = 0. 4, Update of SACCO Enterprise and Household Registers.No. PDM SACCOs that did not have updated PDM member registers = 0. 4, Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.No. of PDM SACCOs without signed PRF financin g agreem ents = 0. 4, Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs without signed PRF financing agreements that AGM = 0 26. 4, Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.signed PPRF before the first SACCOs whose SACCO bank account number
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f92f9b76-636c-4266-ac03-a6597402fe88
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
Amount of PRF received before PRF.No. of PDM SACCOs that did not have a PDM member registers = . 10, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.that did not have updated PDM member registers = . 10, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs without signed PRF financin g agreem ents = . 10, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs without signed PRF financing agreements that signed PPRF before the first AGM = . 10, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs whose SACCO bank account number was not capture d in the signed PRF Financi ng Agreem ent = . 10, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs that received funds before signing PRF financing
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ceceaa83-e4ce-4eb9-970e-6dc4709316a4
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs without signed PRF financin g agreem ents = -. 42, Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs without signed PRF financing agreements = -. 42, Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.that signed PPRF before the first AGM SACCOs whose SACCO bank account number was not capture d in the signed PRF Financi ng Agreem = . 42, Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs that received funds before signing PRF financing agreemen ts = 10. 42, Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = 1,000,000,000. 42, Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = 1,000,000,000. 42, Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = 1,000,000,000. , Vote code. = . , Entity Name Os. = . , Regis tratio n of PDM SACC Under the Coope rative.Societ ies Act No of PDM SACC Os that were not regist ered under the Coope rative
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5b11d3aa-9b63-483e-8dcb-9cb565b188c8
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
act = . , Licensing of PDM SACCOs Under the Microfinance Institutions Money Lenders Act No. of PDM.No. of Enterprise Groups that are not registered as Communit y Based Organizati ons = . , Update of SACCO Enterprise and Household Registers No. of.PDM SACCOs that did not have a PDM member registers = 0. , Update of SACCO Enterprise and Household Registers No. of.No. PDM SACCOs that did not have updated PDM member registers = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs without signed PRF financin g agreem ents = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs without signed PRF financing agreements that signed PPRF before the first AGM = 250,000,000. , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs whose SACCO bank account number was not capture d in the signed PRF Financi ng Agreem = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs that received funds before signing PRF financing agreemen ts = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements - = . 10, Vote code. = . 10, Entity Name Os the ies Act No of.PDM SACC Os that were not regist ered under the Coope rative
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4b87426b-36cc-427b-b3cf-179180bb48e7
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
PDM.SACCOs without signed PRF financin g agreem ents = . 801, Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs without signed PRF financing agreements that signed PPRF before the first AGM = . 801, Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs whose SACCO bank account number was not capture d in the signed PRF Financi ng Agreem = . 801, Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs that received funds before signing PRF financing agreemen ts = . 801, Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements - = . , Vote code. = Abim DLG. , Entity Name Os the ies Act No of.PDM SACC Os that were not regist ered under the Coope rative Societ ies = . , Regis tratio n of PDM SACC Under Coope rative Societ.SACCOs that were not licensed to take on the business of lending under Microfinance Institutions money lenders act = . , Licensing of PDM SACCOs Under the Microfinance Institutions Money Lenders Act No. of PDM.No. of Enterprise Groups that are not registered as Communit y Based Organizati ons = . , Update of SACCO Enterprise and Household Registers No. of.PDM SACCOs that did not have a PDM member registers = . , Update of SACCO Enterprise and Household Registers No. of.No. PDM SACCOs
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f80b60c6-af0f-49ac-825d-e709086fec08
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I made the following observations;
1., Nature registration = Licensing of SACCOs Under Microfinance Institutions Lenders Act. 1., of Observations = PDM the Money 40 SACCOs were not licensed to take on the business of lending under Microfinance Institutions money lenders act as detailed in Appendix 8.. 1., Recommendation = I advised the Accounting Officer to seek more guidance from PDM secretariat and ensure that all to operate legally.. , Nature registration = . , of Observations = The Accounting Officer explained that the SACCOs mentioned had not yet met the minimum requirements for licensing under Microfinance Institution Money Lenders Act.. , Recommendation = SACCOs are licensed
30
Failure to register the SACCO's under the Microfinance Institutions money lenders Act my make, enforcement of recovery of PRF from beneficiaries by unlicensed PDM SACCOs may be legally challenged.
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60e1274f-b2cc-4986-a528-e7a0cb6d40c4
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
code. = . , Entity Name. = . , Regis tratio n of PDM SACC Os Under the Coope rative Societ.ies Act No of PDM SACC Os that were not regist ered under the Coope rative Societ ies Act. = . , Licensing of PDM SACCOs Under the Microfinance Institutions Money Lenders Act.No. of PDM SACCOs that were not licensed to take on the business of lending under Microfinance Institutions money lenders act = . , Registration of Enterprise Groups as Community Based Organizations.No. of Enterprise Groups that are not registered as Communit y Based Organizati ons = . , Registration of Enterprise Groups as Community Based Organizations.No. of SACCOs. = . , Update of SACCO Enterprise and Household Registers.No. of PDM SACCOs that did not have a PDM member registers that signed PPRF before the first AGM = 0. , Update of SACCO Enterprise and Household Registers.No. PDM SACCOs that did not have updated PDM member registers = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs without signed PRF financin g agreem ents = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs without signed PRF financing agreements = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs whose SACCO bank account number was not capture d in the signed PRF Financi ng Agreem = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM
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a31b0ef0-c153-4fc9-b390-f7d49053b2e7
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5.3.6 Registration of PDM SACCOs and Enterprise Groups
1., Nature of registration = Licensing of PDM SACCOs Under the Microfinance Institutions Money Lenders Act. 1., Observations = All the 18 SACCOs were not licensed to take on the business of lending under Microfinance Institutions money lenders act. As a result, enforcement of recovery of PRF from beneficiaries by the PDM SACCOs may be. 1., Recommendation = The Accounting Officer should ensure the SACCOs are licensed as stipulated by the Microfinance Institutions money lenders act, 2016
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e86b98f8-a25e-40fc-8887-b1bccb72fc64
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
No. of PDM SACCOs No. of PDM No. of PDM.SACCOs without signed PRF financing agreements = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.that signed PPRF before the first AGM SACCOs whose SACCO bank account number was not capture d in the signed PRF Financi ng Agreem = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs that received funds before signing PRF financing agreemen ts = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = . , Vote code. = . , Entity Name Os. = . , Regis tratio n of PDM SACC Under the Coope rative.Societ ies Act No of PDM SACC Os that were not regist ered under the Coope rative Societ ies Act. = . , Licensing of PDM SACCOs Under the Microfinance Institutions Money Lenders Act No. of PDM SACCOs that.were not licensed to take on the business of lending under Microfinance Institutions money lenders act = . , Registration of Enterprise Groups as Community
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d41198ab-b4f5-4be2-a692-e9ef14bf5af3
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6.3.7 Reqistration of PDM_SACCOs and Enterprise Groups
1, Nature registration = Licensing of SACCOs Under Microfinance Institutions Lenders Act. 1, of = PDM the Money. 1, Observations Management Response = I noted that all the 10 SACCOs sampled were AII PDM not licensed to take on the business of lending Namisindwa under Microfinance Institutions money registered lenders act trade and issued with the certificates. We get guidance secretariat SACCOs licensing.. 1, Observations Management Response = SACCOs in District are by Ministry of are yet to the PDM regarding from. 2, Nature registration = Signing of Financing Agreements. 2, of = PRF. 2, Observations Management Response = The financing agreements for four (04) out of The the 10 sampled SACCOs were not provided for explained audit to confirm that PRF financing SACCOs agreements were signed beforel after the District transfer of money. In addition, the ones financial agreements provided had neither been signed by the are in place. Accounting Officer nor witnessed by the state attorney as required.. 2, Observations Management Response = Accounting Officer that all PDM in Namisindwa have signed and
Irregularities in registration of PDM SACCOs and Enterprise Groups could lead to loss of PRF due to; funding illegitimate, SACCOs that do not meet minimum requirements for operation and extending loans to members of non-existent enterprise groups, and ineligible beneficiaries: In addition; enforcement of recovery of PRF from beneficiaries by unlicensed PDM SACCOs may be legally challenged.
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ed20e28e-88c8-43a6-a0de-9b6bef9982a2
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
42, Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements - = 4,200,000,000. 138, Vote code. = 932
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cb7acff9-6b09-4c36-a36a-cc9b2acf283c
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
received before PRF.SACCOs without signed PRF financing agreements = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs that signed PPRF before the first AGM 10 = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs whose SACCO bank account number was not capture d in the signed PRF Financi ng Agreem ent = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs that received funds before signing PRF financing agreemen ts 0 = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM No. of PDM No. of PDM Amount of PRF received before PRF.agreements 0 = . , Vote code. = . , Entity Name. = . , Regis tratio n of PDM SACC Os Under the Coope rative Societ.ies Act No of PDM SACC Os that were not regist ered under the Coope rative Societ ies Act. = . , Licensing of PDM SACCOs Under the Microfinance Institutions Money Lenders Act No. of PDM SACCOs that.were not licensed to take on the business of lending under Microfinance Institutions money lenders
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b7009e8c-7fb3-4755-96a6-dc21ba16cb60
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
agreements = . , Vote code. = . , Entity Name. = . , Regis tratio n of PDM SACC Os Under the Coope rative Societ ies Act No of PDM.SACC Os that were not regist ered under the Coope rative Societ ies Act. = . , Licensing of PDM SACCOs Under the Microfinance Institutions Money Lenders Act.No. of PDM SACCOs that were not licensed to take on the business of lending under Microfinance Institutions money lenders act = . , Registration of Enterprise Groups as Community Based Organizations.No. of Enterprise Groups that are not registered as Communit y Based Organizati ons = . , Registration of Enterprise Groups as Community Based Organizations.No. of SACCOs. = 8. , Update of SACCO Enterprise and Household Registers.No. of PDM SACCOs that did not have a PDM member registers = . , Update of SACCO Enterprise and Household Registers.No. PDM SACCOs that did not have updated PDM member registers = . , Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.No. of PDM SACCOs without signed PRF financin g agreem ents = . , Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs without signed PRF financing agreements that AGM = . , Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.signed PPRF before the first SACCOs whose SACCO bank account number was not capture d in the signed PRF Financi ng Agreem ent = . , Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of
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I made the following observations;
1, Nature of = registration Registration of PDM SACCOs Under the Cooperative Societies Act. 1, Observations = 10 SACCOs were registered under the Cooperative Societies Act.. 1, Management Response = . 2, Nature of = Licensing of PDM SACCOs Under the Microfinance Institutions Money Lenders Act. 2, Observations = 10 SACCOs were not licensed to take on the business of lending under Microfinance Institutions money lenders act as detailed in Appendix 10.. 2, Management Response = The Accounting Officer explained that under the cooperative Act 36 (3 a) SACCOs "Subject to subsection (1) a SACCO may carry out business of financial services if it's operating on under the cooperatives societies Act or it has applied for_line under_this Act;. 3, Nature of = Registration of Enterprise Groups as Community Based. 3, Observations = 10 Enterprise groups in 10 PDM SACCOs were registered by the Community Development Officers at the Sub County as Community. 3, Management Response = . 4, Nature of = Organizations Update of SACCO Enterprise and Household Registers. 4, Observations = Based_Organizations (CBOs2 10 SACCOs did not have a PDM member registersl updated PDM member registers contrary to the guidelines. 4, Management Response = The Accounting Officer explained that the PDM SACCOs will be trained and guided on how to maintain and update their membership to track beneficiaries and prevent multiple_borrowing. 5, Nature of = Signing of PRF Financing Agreements. 5, Observations = UGX.1 Billion was transferred to 10 SACCOs after signed PRF financing agreements. they. 5, Management Response = . 6_, Nature of = Submission of Attestation. 6_, Observations = UGX IBn was transferred to 10 SACCOs with evidence of. 6_, Management Response =
Forms by the Accounting Officer (AO)
submission of attestation form to the Secretariat
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edd523ec-db65-4a41-92c6-4cb92809b8b5
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
114, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.agreements = 0 0. , Vote code.No. of SACCOs. = . , Entity Name Regis tratio n of PDM SACC Os the Societ ies Act No of.SACC Os that were not regist ered the ies Act. = DLG
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17c563d2-5eba-4779-ba51-326fe3d269d7
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4.7.4.4 Registration of PDM SACCOs and Enterprise Groups
Paragraph 2.6.2, 2.6.3, 3.10 of Users' Handbook for the Parish Revolving Fund (PRF) under PDM Pillar 3 - Financial Inclusion October 2022; and Section 36(1, 2 &3) of Tier 4: Microfinance Institutions Money Lenders Act, 2016 requires that;
The LG and more specifically the TILED department shall support the Office of the Registrar of Cooperative Societies at the MoTIC, to complete the PDM SACCO registration process.
A SACCO shall not carry on the business of provision of financial services to its members unless it is a registered society and licensed under this Act or it is operating on a probationary period pending registration under the Cooperatives Societies Act or it has applied for a licence under this Act.
The PDM Enterprise Groups shall be registered by the Community Development Officers at the Sub-County, as a Community Based Organization. A copy of the certificate of Registration of the Enterprise Group (together with details of the members of the Group) shall be sent to the Chairperson of the PDM SACCO and to the DCO.
A SACCO shall sign PRF Financing Agreement with the Accounting Officer. The purpose of this Agreement is to formalise the relationship between Government and the PDM SACCOs.
The Chairperson PDM SACCO shall from time to time update the PDM Member Register and at any available General Meeting shall present the new members to the general assembly for admission into the PDM SACCO
The AO shall submit an Attestation Form to confirm that the PDM SACCO was formed in accordance with the issued PDM Pillar 3 guidelines. This was further emphasised by the PSST in the budget execution circular for FY 2022/2023 dated June, 2022.
I made the following observations;
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a6e511c2-5ff9-4c3c-8e5d-5de1e57ad9c6
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I made the following observations;
1., Nature registration = Licensing of SACCOs Under Microfinance Institutions Lenders Act. 1., of = PDM the Money 57 licensed to Microfinance money detailed in. 1., Observations = SACCOs take business of lending under lenders Appendix 24. 1., Observations = were not on the Institutions act as The. 1., = Accounting Officer explained that the registration process with the Micro Finance Support Centre will be completed once the SACCOs have completed the probationary period.
40
Lack of licenses leads to challenges in enforcement of recovery of PRF from beneficiaries of unlicensed PDM SACCOs.
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5f4fe500-29cf-4bf6-9f2e-1d004aad2c41
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
financin g agreem ents = . , Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs without signed PRF financing agreements that AGM = . , Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.signed PPRF before the first SACCOs whose SACCO bank account number was not capture d in the signed PRF Financi ng Agreem ent = . , Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs that received funds before signing PRF financing agreemen ts = . , Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = . , Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = . , Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = . , Vote code. = . , Entity Name. = Ssabagabo MC. , Regis tratio n of PDM SACC Os Under the Coope rative Societ ies Act No of PDM.SACC Os that were not regist ered under the Coope rative Societ ies Act. = . , Licensing of PDM SACCOs Under the Microfinance Institutions Money Lenders Act.No. of PDM SACCOs that were not licensed to take on the business of lending under Microfinance Institutions money lenders
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8827ed22-d1f2-482d-a8dc-9d79a190ebd4
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
registers = . 78, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs without signed PRF financin g agreem ents = . 78, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs without signed PRF financing agreements = -. 78, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs that signed PPRF before the first AGM 10 = -. 78, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs whose SACCO bank account number was not capture d in the signed PRF Financi ng Agreem ent = . 78, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs that received funds before signing PRF financing agreemen ts 0 = . 78, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of
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c20247e2-a5d3-48ca-879b-e79cd22a1cfd
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
PDM SACCOs No. of PDM No. of PDM.SACCOs without signed PRF financing agreements = -. , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.that signed PPRF before the first AGM SACCOs whose SACCO bank account number was not capture d in the signed PRF Financi ng Agreem = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs that received funds before signing PRF financing agreemen ts = -. , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = -. , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = -. , Vote code. = 825. , Entity Name Os. = . , Regis tratio n of PDM SACC Under the Coope rative.Societ ies Act No of PDM SACC Os that were not regist ered under the Coope rative Societ ies Act. = . , Licensing of PDM SACCOs Under the Microfinance Institutions Money Lenders Act No. of PDM SACCOs that.were not licensed to take on the business of lending under Microfinance Institutions money lenders act = . , Registration of Enterprise Groups as Community
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4f0f0efa-ad55-4510-9573-df1a8cd82000
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
SACCOs No. of PDM No. of PDM.SACCOs whose SACCO bank account number was not capture d in the signed PRF Financi ng Agreem = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs that received funds before signing PRF financing agreemen ts = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements - = . , Vote code. = . , Entity Name Os the ies Act No of.PDM SACC Os that were not regist ered under the Coope rative Societ ies = . , Regis tratio n of PDM SACC Under Coope rative Societ.SACCOs that were not licensed to take on the business of lending under Microfinance Institutions money lenders act = . , Licensing of PDM SACCOs Under the Microfinance Institutions Money Lenders Act No. of PDM.No. of Enterprise Groups that are not registered as Communit y Based Organizati ons = 29. , Update of SACCO Enterprise and Household Registers No. of.PDM SACCOs that did not have a PDM member registers = . , Update of SACCO Enterprise and Household Registers No. of.No. PDM SACCOs that did not have updated PDM member registers = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs without signed PRF financin g agreem ents = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs without
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7be9da30-5898-4267-989a-347d89ac2e8b
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.agreements = 0. , Vote code.No. of SACCOs. = . , Entity Name Regis tratio n of PDM SACC Os the Societ ies Act No of.SACC Os that were not regist ered the ies Act. = . , Under Coope rative Act PDM.under Coope rative Societ SACCOs that were not licensed to take on the business of lending under Microfinance Institutions money lenders act = . , Licensing of PDM SACCOs Under the Microfinance Institutions Money Lenders No. of PDM.No. of Groups that are not as y Based ons = . , Registration of Enterprise Groups as Community Based Organizations.Enterprise registered Communit Organizati = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.No. of PDM SACCOs that did not have a PDM member registers = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.that did not have updated PDM member registers = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs without signed PRF
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f50a7a49-afe4-4ddd-b77c-baa290161a51
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs without signed PRF financing agreements = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs that signed PPRF before the first AGM 10 = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs whose SACCO bank account number was not capture d in the signed PRF Financi ng Agreem ent = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs that received funds before signing PRF financing agreemen ts 0 = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM No. of PDM No. of PDM Amount of PRF received before PRF.agreements 0 = . , Vote code. = . , Entity Name. = Kibuku DLG. , Regis tratio n of PDM SACC Os Under the Coope rative Societ.ies Act No of PDM SACC Os that were not regist ered under the Coope rative Societ ies
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bcfab43c-8181-41e2-a310-aa3befb5b954
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
Amount of PRF received before PRF.that did not have updated PDM member registers = 0 -. 113 114, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs without signed PRF financin g agreem ents = 0 10. 113 114, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs without signed PRF financing agreements that signed PPRF before the first AGM = 0 50 0. 113 114, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs whose SACCO bank account number was not capture d in the signed PRF Financi ng Agreem ent = 0. 113 114, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs that received funds before signing PRF financing agreemen ts = 0. 113 114, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.agreements = 0 0. 113
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e53010a8-a475-43c3-8bf7-c8aacb7354af
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
received before PRF agreements = . , Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = . , Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = . , Vote code. = . , Entity Name. = . , Regis tratio n of PDM SACC Os Under the Coope rative Societ ies Act No of PDM.SACC Os that were not regist ered under the Coope rative Societ ies Act. = . , Licensing of PDM SACCOs Under the Microfinance Institutions Money Lenders Act.No. of PDM SACCOs that were not licensed to take on the business of lending under Microfinance Institutions money lenders act = . , Registration of Enterprise Groups as Community Based Organizations.No. of Enterprise Groups that are not registered as Communit y Based Organizati ons = . , Registration of Enterprise Groups as Community Based Organizations.No. of SACCOs. = . , Update of SACCO Enterprise and Household Registers.No. of PDM SACCOs that did not have a PDM member registers = . , Update of SACCO Enterprise and Household Registers.No. PDM SACCOs that did not have updated PDM member registers = . , Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.No. of PDM SACCOs without signed PRF financin g agreem ents = . , Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs without signed PRF financing agreements that
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6063cca0-f56a-43b5-8df4-cf68640b2ada
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
Amount of PRF received before PRF.that did not have updated PDM member registers = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs without signed PRF financin g agreem ents = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs without signed PRF financing agreements that signed PPRF before the first AGM = 0. , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs whose SACCO bank account number was not capture d in the signed PRF Financi ng Agreem ent = -. , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs that received funds before signing PRF financing agreemen ts = -. , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.agreements = . , Update of SACCO Enterprise and Household Registers
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6596d563-4077-4512-99f6-87abdb56d59b
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8.3.4 Registration of PDM SACCOs and Enterprise Groups
Paragraph 2.6.2, 2.6.3, 3.10 of Users Handbook for the Parish Revolving Fund (PRF) under PDM Pillar 3 - Financial Inclusion October 2022; and Section 36(1, 2 &3) of Tier 4: Microfinance Institutions money lenders act, 2016 requires that;
The LG and more specifically the TILED department shall support the Office of the Registrar of Cooperative Societies at the MoTIC, to complete the PDM SACCO registration process.
A SACCO shall not carry on the business of provision of financial services to its members unless it is a registered society and licensed under this Act or it is operating on a probationary period pending registration under the Cooperatives Societies Act or it has applied for a licence under this Act.
The PDM Enterprise Groups shall be registered by the Community Development Officers at the Sub-County, as a Community Based Organization. A copy of the certificate of Registration of the Enterprise Group (together with details of the members of the Group) shall be sent to the Chairperson of the PDM SACCO and to the DCO.
A SACCO shall sign PRF Financing Agreement with the Accounting Officer. The purpose of this Agreement is to formalise the relationship between Government and the PDM SACCOs.
The Chairperson PDM SACCO shall from time to time update the PDM Member Register and at any available General Meeting shall present the new members to the general assembly for admission into the PDM SACCO
The Accounting Officer shall submit an Attestation Form to confirm that the PDM SACCO was formed in accordance with the issued PDM Pillar 3 guidelines. This was further emphasised by the PSST in the budget execution circular for FY 2022/2023 dated June 2022.
I made the following observations;
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58550fe5-9700-4422-803c-cca9fcf1098c
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
Based Organizations.No. of Enterprise Groups that are not registered as Communit y Based Organizati ons = . , Registration of Enterprise Groups as Community Based Organizations.No. of SACCOs. = . , Update of SACCO Enterprise and Household Registers.No. of PDM SACCOs that did not have a PDM member registers = . , Update of SACCO Enterprise and Household Registers.No. PDM SACCOs that did not have updated PDM member registers = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs without signed PRF financin g agreem ents = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs without signed PRF financing agreements = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.that signed PPRF before the first AGM SACCOs whose SACCO bank account number was not capture d in the signed PRF Financi ng Agreem = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs that received funds before signing PRF financing agreemen ts = 0. , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = 0. , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of
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6e17fd11-48a5-4051-b12e-f4341c2bfb18
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
Amount of PRF received before PRF.that did not have updated PDM member registers = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs without signed PRF financin g agreem ents = 0. , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs without signed PRF financing agreements that signed PPRF before the first AGM = 0. , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs whose SACCO bank account number was not capture d in the signed PRF Financi ng Agreem ent = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs that received funds before signing PRF financing agreemen ts = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.agreements = . , Update of SACCO Enterprise and Household Registers
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4b0ae6db-5dc4-4f70-9d9a-bb80fca58269
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs without signed PRF financin g agreem ents = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs without signed PRF financing agreements = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.that signed PPRF before the first AGM SACCOs whose SACCO bank account number was not capture d in the signed PRF Financi ng Agreem = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs that received funds before signing PRF financing agreemen ts = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = . 48, Vote code. = 823. 48, Entity Name Os. = Bunyagabu DLG. 48, Regis tratio n of PDM SACC Under the Coope rative.Societ ies Act No of PDM SACC Os that were not regist ered under the Coope rative Societ ies
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51f7e20b-79d7-4692-a687-918a7d25434d
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5.2.1 Registration of PDM SACCOs and Enterprise Groups
Paragraph 2.6.2, 2.6.3, 3.10 of Users' Handbook for the Parish Revolving Fund (PRF) under PDM Pillar 3 - Financial Inclusion October 2022; and Section 36(1, 2 &3) of Tier 4: Microfinance Institutions Money Lenders Act, 2016 requires that;
The LG and more specifically the TILED department shall support the Office of the Registrar of Cooperative Societies at the MoTIC, to complete the PDM SACCO registration process.
A SACCO shall not carry on the business of provision of financial services to its members unless it is a registered society and licensed under this Act or it is operating on a probationary period pending registration under the Cooperatives Societies Act or it has applied for a licence under this Act.
The PDM Enterprise Groups shall be registered by the Community Development Officers at the Sub-County, as a Community Based Organization. A copy of the certificate of Registration of the Enterprise Group (together with details of the members of the Group) shall be sent to the Chairperson of the PDM SACCO and to the DCO.
A SACCO shall sign PRF Financing Agreement with the Accounting Officer. The purpose of this Agreement is to formalise the relationship between Government and the PDM SACCOs.
The Chairperson PDM SACCO shall from time to time update the PDM Member Register and at any available General Meeting shall present the new members to the general assembly for admission into the PDM SACCO
The AO shall submit an Attestation Form to confirm that the PDM SACCO was formed in accordance with the issued PDM Pillar 3 guidelines. This was further emphasised by the PSST in the budget execution circular for FY 2022/2023 dated June 2022.
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f86f39b0-eed4-4f7f-98b0-1dcc8dc16d19
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4 |
Appendix 12: Registration of PDM SACCOs and Enterprise Groups
AGM = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs whose SACCO bank account number was not capture d in the signed PRF Financi ng Agreem ent = 0. , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs that received funds before signing PRF financing agreemen ts = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.agreements = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.agreements = . 130, Vote code.No. of SACCOs. = . 130, Entity Name Regis tratio n of PDM SACC Os the Societ ies Act No of.SACC Os that were not regist ered the ies Act. = Rukungiri DLG. 130, Under Coope rative Act PDM.under Coope rative Societ SACCOs that were not licensed to take on the business of lending under Microfinance Institutions money lenders act = . 130, Licensing of PDM SACCOs Under the Microfinance Institutions Money Lenders No. of PDM.No. of
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935415e8-c33d-4223-8fc7-0ab6035d08a5
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
the first AGM = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs whose SACCO bank account number was not capture d in the signed PRF Financi ng Agreem ent = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs that received funds before signing PRF financing agreemen ts = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.agreements = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.agreements = . , Vote code.No. of SACCOs. = . , Entity Name Regis tratio n of PDM SACC Os the Societ ies Act No of.SACC Os that were not regist ered the ies Act. = . , Under Coope rative Act PDM.under Coope rative Societ SACCOs that were not licensed to take on the business of lending under Microfinance Institutions money lenders act = . , Licensing of PDM SACCOs Under the Microfinance Institutions Money Lenders No. of PDM.No. of Groups
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e7e65989-c5ca-435a-92d5-7354f38684a1
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
AGM = 10. , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs whose SACCO bank account number was not capture d in the signed PRF Financi ng Agreem ent = 0. , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs that received funds before signing PRF financing agreemen ts = 0. , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.agreements = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.agreements = . 127, Vote code.No. of SACCOs. = . 127, Entity Name Regis tratio n of PDM SACC Os the Societ ies Act No of.SACC Os that were not regist ered the ies Act. = Rubanda DLG. 127, Under Coope rative Act PDM.under Coope rative Societ SACCOs that were not licensed to take on the business of lending under Microfinance Institutions money lenders act = . 127, Licensing of PDM SACCOs Under the Microfinance Institutions Money Lenders No. of PDM.No. of Groups
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8519fb10-a157-439b-a228-82a76e31bac1
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
No. of PDM SACCOs No. of PDM No. of PDM.SACCOs that received funds before signing PRF financing agreemen ts = 0. , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = . , Vote code. = 892. , Entity Name. = Mbarara DLG. , Regis tratio n of PDM SACC Os Under the Coope rative Societ.ies Act No of PDM SACC Os that were not regist ered under the Coope rative Societ ies Act. = 0. , Licensing of PDM SACCOs Under the Microfinance Institutions Money Lenders Act.No. of PDM SACCOs that were not licensed to take on the business of lending under Microfinance Institutions money lenders act = 10. , Registration of Enterprise Groups as Community Based Organizations.No. of Enterprise Groups that are not registered as Communit y Based Organizati ons = 0. , Registration of Enterprise Groups as Community Based Organizations.No. of SACCOs. = 90. , Update of SACCO Enterprise and Household Registers.No. of PDM SACCOs that did not have a PDM member registers that signed PPRF before the first AGM = 0. , Update of SACCO Enterprise and Household Registers.No. PDM SACCOs that did not have updated PDM member registers = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs without signed PRF financin g agreem ents = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs without signed PRF financing
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32e68f1b-6353-434c-90e2-745a8f60ed4e
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
the first AGM 10 = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs whose SACCO bank account number was not capture d in the signed PRF Financi ng Agreem ent = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs that received funds before signing PRF financing agreemen ts 0 = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM No. of PDM No. of PDM Amount of PRF received before PRF.agreements 0 = 0. , Vote code. = 859. , Entity Name. = . , Regis tratio n of PDM SACC Os Under the Coope rative Societ.ies Act No of PDM SACC Os that were not regist ered under the Coope rative Societ ies Act. = 0. , Licensing of PDM SACCOs Under the Microfinance Institutions Money Lenders Act No. of PDM SACCOs that.were not licensed to take on the business of lending under Microfinance Institutions money lenders act = . , Registration of Enterprise Groups as Community Based Organizations.No. of Enterprise Groups that are not registered as Communit y Based Organizati ons = . , No. of SACCOs. = . , No. of PDM SACCOs that did not have a PDM member registers = . , Update of SACCO Enterprise and Household Registers
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b017e7a8-4b09-475e-84ea-2d146e8dfd19
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
No. of PDM No. of PDM.SACCOs that received funds before signing PRF financing agreemen ts = -. 40 41, Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = - -. 40 41, Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = - -. 40 41, Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = - -. 42, Vote code. = 816. 42, Entity Name Os. = Buikwe DLG. 42, Regis tratio n of PDM SACC Under the Coope rative.Societ ies Act No of PDM SACC Os that were not regist ered under the Coope rative Societ ies Act. = . 42, Licensing of PDM SACCOs Under the Microfinance Institutions Money Lenders Act No. of PDM SACCOs that.were not licensed to take on the business of lending under Microfinance Institutions money lenders act = 9. 42, Registration of Enterprise Groups as Community Based Organizations.No. of Enterprise Groups that are not registered as Communit y Based Organizati ons = -. 42, Registration of Enterprise Groups as Community Based Organizations.No. of SACCOs. = . 42, Update of SACCO Enterprise and Household Registers.No. of PDM SACCOs that did not have a PDM member registers = . 42, Update of SACCO Enterprise and Household Registers.No. PDM SACCOs that did not have updated PDM member registers = . 42, Signing of PRF Financing Agreements No. of PDM
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6ee9a8d2-d340-4b0c-bc79-b41e027866c5
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3.2.5 Registration of PDM SACCOs and Enterprise Groups
, Nature of registration = probationary period pending registration under the Cooperatives Societies Act or it has applied for a licence under this Act.. , Observations = Accounting Officers explained that the SACCOs were still under the probationary period and there is no clear guidance on licensing of PDM SACCOs by the PDM Secretariat.. , Recommendation = . 2., Nature of registration = Update of SACCO Enterprise and Household Registers The Chairperson PDM SACCO shall from time to time update the PDM Member Register and at any available General Meeting shall present general assembly. 2., Observations = the new members to the for admission into the PDM In 40 LGs, 385 SACCOs did not have PDM member registers while, in 44 LGs, 492 SACCOs did not maintain updated PDM member registers contrary to the guidelines. Details are in Appendix 12. Failure to update PDM member registers may result to extending PRF loans to ineligible beneficiaries leading to failure to achieve pillar. 2., Recommendation = The Accounting Officers and Chairperson of PDM SACCO boards should build the capacity of the SACCO management to ensure that members registers are maintained and updated.. 3., Nature of registration = Signing of PRF Financing Agreements A SACCO shall sign PRF Financing Agreement with the Accounting Officer. The purpose of this Agreement is. 3., Observations = parish chiefs as well as the lack of appreciation of the importance of the registers. to · UGX.54,594,980,794 was transferred to 545 SACCOs in 24 LGs without signed PRF financing agreements. · 941 PDM SACCOs in 40 LGs, received PRF of UGX. 72,215,415,546 before PRF financing agreements were signed.. 3., Recommendation = The Accounting Officers should ensure that PRF financing agreements are signed timely and comply with all the requirements as per the guideline.
24
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44d357c4-3a5a-4697-bf49-864a2bbd9d4c
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = . , Vote code. = . , Entity Name Os. = . , Regis tratio n of PDM SACC Under the Coope rative.Societ ies Act No of PDM SACC Os that were not regist ered under the Coope rative Societ ies Act. = . , Licensing of PDM SACCOs Under the Microfinance Institutions Money Lenders Act No. of PDM SACCOs that.were not licensed to take on the business of lending under Microfinance Institutions money lenders act = 10. , Registration of Enterprise Groups as Community Based Organizations.No. of Enterprise Groups that are not registered as Communit y Based Organizati ons = 0. , Registration of Enterprise Groups as Community Based Organizations.No. of SACCOs. = . , Update of SACCO Enterprise and Household Registers.No. of PDM SACCOs that did not have a PDM member registers = . , Update of SACCO Enterprise and Household Registers.No. PDM SACCOs that did not have updated PDM member registers = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs without signed PRF financin g
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5bfda655-9556-4136-83d5-38acbec0062f
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.No. of PDM SACCOs without signed PRF financin g agreem ents = . , Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs without signed PRF financing agreements that AGM = -. , Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.signed PPRF before the first SACCOs whose SACCO bank account number was not capture d in the signed PRF Financi ng Agreem ent = 0. , Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs that received funds before signing PRF financing agreemen ts = . , Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = . , Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = . , Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = . , Vote code. = . , Entity Name. = . , Regis tratio n of PDM SACC Os Under the Coope rative Societ ies Act No of PDM.SACC Os that were not regist ered under the Coope rative Societ ies Act. = . , Licensing of PDM SACCOs Under the Microfinance Institutions
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06f83d11-e8a1-42cb-bf8c-abb14077a213
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5.1.2.3 Registration of PDM SACCOs and Enterprise Groups
Paragraph 2.6.2, 2.6.3, 3.10 of Users' Handbook for the Parish Revolving Fund (PRF) under PDM Pillar 3 - Financial Inclusion October 2022; and Section 36(1, 2 &3) of Tier 4: Microfinance Institutions Money Lenders Act, 2016 requires that;
The LG and more specifically the TILED department shall support the Office of the Registrar of Cooperative Societies at the MoTIC, to complete the PDM SACCO registration process.
A SACCO shall not carry on the business of provision of financial services to its members unless it is a registered society and licensed under this Act or it is operating on a probationary period pending registration under the Cooperatives Societies Act or it has applied for a licence under this Act.
The PDM Enterprise Groups shall be registered by the Community Development Officers at the Sub-County, as a Community Based Organization. A copy of the certificate of Registration of the Enterprise Group (together with details of the members of the Group) shall be sent to the Chairperson of the PDM SACCO and to the DCO.
34
A SACCO shall sign PRF Financing Agreement with the Accounting Officer. The purpose of this Agreement is to formalise the relationship between Government and the PDM SACCOs.
The Chairperson PDM SACCO shall from time to time update the PDM Member Register and at any available General Meeting shall present the new members to the general assembly for admission into the PDM SACCO
The AO shall submit an Attestation Form to confirm that the PDM SACCO was formed in accordance with the issued PDM Pillar 3 guidelines. This was further emphasised by the PSST in the budget execution circular for FY 2022/2023 dated June 2022.
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7989563d-428d-413c-b63b-fcfe6bfcb1dd
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4.3.3
Paragraph 2.6.2, 2.6.3, 3.10 of Users Handbook for the Parish Revolving Fund (PRF) under PDM Pillar 3 Financial Inclusion October 2022; and Section 36(1, 2 &3) of Tier 4: Microfinance Institutions money lenders act; 2016 requires that;
The LG and more specifically the TILED department shall support the Office of the Registrar of Cooperative Societies at the MoTIC, to complete the PDM SACCO registration process .
A SACCO shall not carry on the business of provision of financial services to its members unless it is a registered society and licensed under this Act or it is operating on a probationary period pending registration under the Cooperatives Societies Act or it has applied for a licence under this Act.
The PDM Enterprise Groups shall be registered by the Community Development Officers at the Sub-County; as a Community Based Organization. A copy of the certificate of Registration of the Enterprise Group (together with details of the
members of the Group) shall be sent to the Chairperson of the PDM SACCO and to the DCO.
The Chairperson PDM SACCO shall from time to time update the PDM Member Register and at any available General Meeting shall present the new members to the general assembly for admission into the PDM SACCO
A SACCO shall sign PRF Financing Agreement with the Accounting Officer . The purpose of this Agreement is to formalise the relationship between Government and the PDM SACCOs.
The AO shall submit an Attestation Form to confirm that the PDM SACCO was formed in accordance with the issued PDM Pillar 3 guidelines. This was further emphasised by the PSST in the budget execution circular for FY 2022/2023 dated June 2022.
Imade the following observations;
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9e58fd45-e97b-4203-8f09-03eaf94bb48d
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5.1.4.2 Registration of PDM SACCOs and Enterprise Groups
1., Nature registration = Licensing of SACCOs Under the Microfinance Institutions Lenders Act. 1., of Observations = PDM Money 56 SACCOs were not licensed to take on the business of lending under Microfinance Institutions money lenders act as detailed in Appendix 12 . As a result, enforcement of recovery of PRF from beneficiaries by the PDM SACCOs may be legally challenged leading to loss of. 1., Recommendation = I advised the Accounting Officer to ensure that the SACCOs are licensed to undertake money lending when the registration becomes
26
Irregularities in registration of PDM SACCOs and Enterprise Groups could lead to loss of PRF due to; funding illegitimate, SACCOs that do not meet minimum requirements for operation and extending loans to members of non-existent enterprise groups, and ineligible beneficiaries. In addition, enforcement of recovery of PRF from beneficiaries by unlicensed PDM SACCOs may be legally challenged.
I informed the Accounting Officer that the matter would be brought to the attention of the PDM Secretariats.
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222ee641-3e38-4b43-9b61-a30d31a1331a
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
PDM.Amount of PRF received before PRF agreements = 325,481,991. 15, Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = 325,481,991. 16, Vote code. = 710. 16, Entity Name. = Kapchorwa MC. 16, Regis tratio n of PDM SACC Os Under the Coope rative Societ ies Act No of PDM.SACC Os that were not regist ered under the Coope rative Societ ies Act. = -. 16, Licensing of PDM SACCOs Under the Microfinance Institutions Money Lenders Act.No. of PDM SACCOs that were not licensed to take on the business of lending under Microfinance Institutions money lenders act = 58. 16, Registration of Enterprise Groups as Community Based Organizations.No. of Enterprise Groups that are not registered as Communit y Based Organizati ons = -. 16, Registration of Enterprise Groups as Community Based Organizations.No. of SACCOs. = -. 16, Update of SACCO Enterprise and Household Registers.No. of PDM SACCOs that did not have a PDM member registers = 10. 16, Update of SACCO Enterprise and Household Registers.No. PDM SACCOs that did not have updated PDM member registers = 10. 16, Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.No. of PDM SACCOs without signed PRF financin g agreem ents = -. 16, Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs without signed PRF financing agreements that AGM = 10. 16, Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM
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0b16ad39-a423-415b-b21c-c57b15438287
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs that received funds before signing PRF financing agreemen ts 0 = . 74, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM No. of PDM No. of PDM Amount of PRF received before PRF.agreements 0 = . , Vote code. = . , Entity Name. = DLG. , Regis tratio n of PDM SACC Os Under the Coope rative Societ.ies Act No of PDM SACC Os that were not regist ered under the Coope rative Societ ies Act. = . , Licensing of PDM SACCOs Under the Microfinance Institutions Money Lenders Act No. of PDM SACCOs that.were not licensed to take on the business of lending under Microfinance Institutions money lenders act = . , Registration of Enterprise Groups as Community Based Organizations.No. of Enterprise Groups that are not registered as Communit y Based Organizati ons = . , No. of SACCOs. = . , No. of PDM SACCOs that did not have a PDM member registers = 0. , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM No. of PDM No. of PDM Amount of PRF received before PRF.that did not have updated PDM member registers = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM No. of PDM No. of
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6f7b63c1-3fcd-4b9c-8fc0-e44ad1769623
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
No. of PDM Amount of PRF received before PRF.SACCOs without signed PRF financin g agreem ents = . 76, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs without signed PRF financing agreements = 0. 76, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs that signed PPRF before the first AGM 10 = 0. 76, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs whose SACCO bank account number was not capture d in the signed PRF Financi ng Agreem ent = 0. 76, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs that received funds before signing PRF financing agreemen ts 0 = 0. 76, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM No. of PDM No. of PDM Amount of PRF received before PRF.agreements 0 = 0. , Vote code. = . , Entity Name. = . , Regis tratio n of PDM
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7bb6912b-3543-4d38-bdef-26a656bfc7c2
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5.4.1 Registration of PDM SACCOs and Enterprise Groups
1., Nature of registration = Licensing of PDM SACCOs Under the Microfinance Institutions Money Lenders Act. 1., Observations = 10 sampled SACCOs were not licensed to take on the business of lending under Microfinance Institutions money lenders act As a result, enforcement of recovery of PRF from beneficiaries by the PDM SACCOs may be legally challenged leading to loss of funds.. 1., Recommendation = The Accounting Officer should engage the relevant authorities on the matter
34
, 1 = . , 2 = licensed SACCOs. Management stated that this was because of the cost implication involved in registering with Uganda Microfinance Regulatory Authority, which required UGX. 500,000 from each PRF beneficiary, and yet the President was very clear that no money should be charged from PRF beneficiaries. Furthermore, it was revealed that the SACCOs are still on probation period. transferred to all 10 SACCOs with signed PRF The Officer should ensure. 2., 1 = Signing of PRF Financing Agreements. 2., 2 = Funds were sampled financing agreements. However, the Resident State Attorney did not sign PRF forms as a witness as required by the guidelines The Accounting Officer explained that PRF Accounting that Resident State Attorney witnesses PRF financing agreements signing before funds are received.
In addition, enforcement of recovery of PRF from beneficiaries by unlicensed PDM SACCOs may be legally challenged.
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df262331-31ae-4bfa-850c-e684f835bced
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements - = 0. , Vote code. = . , Entity Name Os the ies Act No of.PDM SACC Os that were not regist ered under the Coope rative Societ ies = . , Regis tratio n of PDM SACC Under Coope rative Societ.SACCOs that were not licensed to take on the business of lending under Microfinance Institutions money lenders act = . , Licensing of PDM SACCOs Under the Microfinance Institutions Money Lenders Act No. of PDM.No. of Enterprise Groups that are not registered as Communit y Based Organizati ons = . , Update of SACCO Enterprise and Household Registers No. of.PDM SACCOs that did not have a PDM member registers = 0. , Update of SACCO Enterprise and Household Registers No. of.No. PDM SACCOs that did not have updated PDM member registers = 0. , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs without signed PRF financin g agreem ents = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs without signed PRF financing agreements that signed PPRF before the first AGM = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs whose SACCO bank account number was not capture d in the signed PRF Financi ng Agreem = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM
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7c89ff4a-4bec-4a44-928f-f9784a31dd4b
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
the first AGM = -. 98, Update of SACCO Enterprise and Household Registers.No. PDM SACCOs that did not have updated PDM member registers = -. 98, Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs without signed PRF financin g agreem ents = -. 98, Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs without signed PRF financing agreements = 18. 98, Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs whose SACCO bank account number was not capture d in the signed PRF Financi ng Agreem = -. 98, Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs that received funds before signing PRF financing agreemen ts = 18. 98, Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = . 99 100, Vote code. = 890 891. 99 100, Entity Name. = Mayuge DLG
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309386e6-c30c-4b64-bfd9-7834237709fe
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4 |
Appendix 12: Registration of PDM SACCOs and Enterprise Groups
SACCOs that.were not licensed to take on the business of lending under Microfinance Institutions money lenders act = . , Registration of Enterprise Groups as Community Based Organizations.No. of Enterprise Groups that are not registered as Communit y Based Organizati ons = . , No. of SACCOs. = . , No. of PDM SACCOs that did not have a PDM member registers = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM No. of PDM No. of PDM Amount of PRF received before PRF.that did not have updated PDM member registers = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs without signed PRF financin g agreem ents = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs without signed PRF financing agreements = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs that signed PPRF before the first AGM 10 = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM No. of PDM
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c19d179f-8023-4301-b05b-5cfe0822c00e
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Imade the following observations;
1, Nature of = registration Licensing of PDM SACCOs Under the Microfinance Institutions Money Lenders Act. 1, Observations = 111 SACCOs were not licensed to take on the business of lending under Microfinance Institutions money lenders act as detailed in Appendix 17 As a result; enforcement of recovery of PRF from beneficiaries by the PDM SACCOs may be legally challenged leading to loss of funds. Accounting Officer explained that It is true all the 1ll PDM SACCOs are not registered under Microfinance Institutions for the reason that, under. 1, = The Accounting Officer should ensure that all PDM are registered and licensed societies under the Microfinance Institutions money lenders act, 2016.. 2, Nature of = Registration of Enterprise Groups as Community Based Organizations. 2, Observations = All the Enterprise groups in 111 PDM The SACCOs were not registered by the Officer Community Development Officers at ensure the Sub County enterprise Organizations (CBOs) .Details in have evidence Appendix 18. registration Irregularities in registration of Enterprise the Groups could lead to loss of PRF due to; Community funding illegitimate, Enterprises .. 2, = Accounting should that groups of with Sub-County Development
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1ac9a5fd-2bbb-4f99-81b3-2ee7ec411659
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7.4.1 Reqistration of PDM SACCOs and Enterprise Groups
Section 36(1, 2 &3) of Tier 4: requires that; A SACCO shall not on the business of provision of financial services to its members unless it is a registered society and licensed under this Act or it is operating on a probationary period pending registration under the Cooperatives Societies Act or it has for a licence under this Act. carry applied
I noted that all the 10 sampled SACCOs were not licensed to take on the business of lending under Microfinance Institutions money lenders act as detailed in the Appendix 12.
As a result, enforcement of recovery of PRF from beneficiaries by the PDM SACCOs may be legally challenged leading to loss of funds.
The Accounting Officer explained that PDM SACCOS have not met some of the requirements for application of license to Uganda Microfinance Regulation Authority as per section 38(2) of the Tier 4 Microfinance and Lending Institutions Act; 2016. yet
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f5786379-e146-40d6-a10f-46cdfb5f4ff1
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
act = 10. 15, Registration of Enterprise Groups as Community Based Organizations.No. of Enterprise Groups that are not registered as Communit y Based Organizati ons = . 15, Registration of Enterprise Groups as Community Based Organizations.No. of SACCOs. = -. 15, Update of SACCO Enterprise and Household Registers.No. of PDM SACCOs that did not have a PDM member registers = - -. 15, Update of SACCO Enterprise and Household Registers.No. PDM SACCOs that did not have updated PDM member registers = 11 -. 15, Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.No. of PDM SACCOs without signed PRF financin g agreem ents = - 3. 15, Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs without signed PRF financing agreements that AGM = - 325,481,991. 15, Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.signed PPRF before the first SACCOs whose SACCO bank account number was not capture d in the signed PRF Financi ng Agreem ent = - 3 -. 15, Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs that received funds before signing PRF financing agreemen ts = 3. 15, Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = 325,481,991. 15, Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of
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c403ec40-77cc-4fe2-bc8c-3d5dfbaae77e
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs that received funds before signing PRF financing agreemen ts = 0. , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = . , Vote code. = . , Entity Name Os. = . , Regis tratio n of PDM SACC Under the Coope rative.Societ ies Act No of PDM SACC Os that were not regist ered under the Coope rative Societ ies Act. = 0. , Licensing of PDM SACCOs Under the Microfinance Institutions Money Lenders Act No. of PDM SACCOs that.were not licensed to take on the business of lending under Microfinance Institutions money lenders act = . , Registration of Enterprise Groups as Community Based Organizations.No. of Enterprise Groups that are not registered as Communit y Based Organizati ons = . , Registration of Enterprise Groups as Community Based Organizations.No. of SACCOs. = . , Update of SACCO Enterprise and Household Registers.No. of PDM SACCOs that did not have a PDM member registers = . , Update of SACCO Enterprise and Household Registers.No. PDM SACCOs that did not have updated PDM member registers = . , Signing of PRF Financing Agreements No. of
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4643829a-4451-4f51-ac1e-a7474b162eb2
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.agreements =
68
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5cbe61a6-9ef5-42f3-9d34-64bd15ed44cb
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs without signed PRF financin g agreem ents = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs without signed PRF financing agreements = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.that signed PPRF before the first AGM SACCOs whose SACCO bank account number was not capture d in the signed PRF Financi ng Agreem = 0. , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs that received funds before signing PRF financing agreemen ts = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = . , Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = . , Vote code. = . , Entity Name Os. = . , Regis tratio n of PDM SACC Under the Coope rative.Societ ies Act No of PDM SACC Os that were not regist ered under the Coope rative
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beb3a026-bd04-4ea7-8b72-0b8071d02e62
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
PDM.SACCOs that received funds before signing PRF financing agreemen ts = -. 1, Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = -. 1, Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = -. 1, Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = -. 2, Vote code. = 602. 2, Entity Name. = Fortportal City. 2, Regis tratio n of PDM SACC Os Under the Coope rative Societ ies Act No of PDM.SACC Os that were not regist ered under the Coope rative Societ ies Act. = - -. 2, Licensing of PDM SACCOs Under the Microfinance Institutions Money Lenders Act.No. of PDM SACCOs that were not licensed to take on the business of lending under Microfinance Institutions money lenders act = 16. 2, Registration of Enterprise Groups as Community Based Organizations.No. of Enterprise Groups that are not registered as Communit y Based Organizati ons = -. 2, Registration of Enterprise Groups as Community Based Organizations.No. of SACCOs. = 10. 2, Update of SACCO Enterprise and Household Registers.No. of PDM SACCOs that did not have a PDM member registers = -. 2, Update of SACCO Enterprise and Household Registers.No. PDM SACCOs that did not have updated PDM member registers = -. 2, Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.No. of PDM SACCOs without signed
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9a75392c-35ea-49d0-800b-22577ff07a78
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements - = -. 139 10, Vote code. = 933 Wakiso DLG. 139 10, Entity Name Os the ies Act No of.PDM SACC Os that were not regist ered under the Coope rative Societ ies = . 139 10, Regis tratio n of PDM SACC Under Coope rative Societ.SACCOs that were not licensed to take on the business of lending under Microfinance Institutions money lenders act = 100. 139 10, Licensing of PDM SACCOs Under the Microfinance Institutions Money Lenders Act No. of PDM.No. of Enterprise Groups that are not registered as Communit y Based Organizati ons = 145. 139 10, Update of SACCO Enterprise and Household Registers No. of.PDM SACCOs that did not have a PDM member registers = 10. 139 10, Update of SACCO Enterprise and Household Registers No. of.No. PDM SACCOs that did not have updated PDM member registers = 10 98. 139 10, Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs without signed PRF financin g agreem ents = 1,008,320,432. 139 10, Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs without signed PRF financing agreements that signed PPRF before the first AGM = 0. 139 10, Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs whose SACCO bank account number was not capture d in the signed PRF Financi ng Agreem = 0. 139 10, Signing of PRF Financing Agreements
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5.1.3.3 Registration of PDM SACCOs and Enterprise Groups
Paragraph 2.6.2, 2.6.3, 3.10 of Users Handbook for the Parish Revolving Fund (PRF) under PDM Pillar 3 - Financial Inclusion October 2022; and Section 36(1, 2 &3) of Tier 4: Microfinance Institutions money lenders act, 2016 requires that;
The LG and more specifically the TILED department shall support the Office of the Registrar of Cooperative Societies at the MoTIC, to complete the PDM SACCO registration process.
30
A SACCO shall not carry on the business of provision of financial services to its members unless it is a registered society and licensed under this Act or it is operating on a probationary period pending registration under the Cooperatives Societies Act or it has applied for a licence under this Act.
The PDM Enterprise Groups shall be registered by the Community Development Officers at the Sub-County, as a Community Based Organization. A copy of the certificate of Registration of the Enterprise Group (together with details of the members of the Group) shall be sent to the Chairperson of the PDM SACCO and to the DCO.
A SACCO shall sign PRF Financing Agreement with the Accounting Officer. The purpose of this Agreement is to formalise the relationship between Government and the PDM SACCOs.
The Chairperson PDM SACCO shall from time to time update the PDM Member Register and at any available General Meeting shall present the new members to the general assembly for admission into the PDM SACCO
The AO shall submit an Attestation Form to confirm that the PDM SACCO was formed in accordance with the issued PDM Pillar 3 guidelines. This was further emphasised by the PSST in the budget execution circular for FY 2022/2023 dated June 2022.
I made the following observations;
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9589912e-13e6-4483-9192-6095a857f91e
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
, Vote code = . , Entity Name Regis tratio n of PDM SACC Os Under = No of PDM SACC Os that were not regist ered under the. , Licensing of PDM SACCOs Under the Microfinance Institutions Money Lenders Act = No. of PDM SACCOs that were not licensed to take on the business of lending under Microfinance Institutions money lenders act. , = No. of Enterprise Groups that are not registered as Communit y Based Organizati ons. , Registration of Enterprise Groups as Community Based Organizations = No. of SACCOs.. , = No. of PDM SACCOs that did not have a PDM member registers. , Update of SACCO Enterprise and Household Registers = No. PDM SACCOs that did not have updated PDM member registers. , = No. of PDM SACCOs without signed PRF financin g agreem ents. , = Amount of PRF transferred to PDM SACCOs without signed PRF financing agreements. , Signing of PRF Financing Agreements = No. of PDM SACCOs that signed PPRF before the first AGM. , No. of PDM SACCOs whose SACCO bank No. of PDM SACCOs that received funds = . , = Amount of PRF received before PRF agreements
63
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959a102c-e7bc-4876-8943-338c7f7ecc2b
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7.1.8 Registration of PDM SACCOs and Enterprise Groups
1., Nature registration = Licensing of SACCOs Under the Microfinance Institutions Lenders Act. 1., of Observations = PDM Money 10 of the sampled SACCOs were not licensed to take on the business of lending under Microfinance Institutions money lenders act as detailed in Appendix 5 (b). As a result, enforcement of recovery of PRF from beneficiaries by the PDM SACCOs may be legally challenged leading to loss of funds.. 1., Recommendation = I advised the Accounting Officer to engage the PDM secretariat for further guidance on this matter.. , Nature registration = . , of Observations = The Accounting Officer explained that the process of licensing all the SACCOs under Microfinance Institutions and Money Lenders Act 2016 by consulting Uganda Micro Finance Regulatory Authority for guidance. , Recommendation =
30
2., = Signing of PRF Financing Agreements UGX. 1,000,000,000 was transferred to 10 of the sampled SACCOs with signed PRF financing agreements. However, the PRF financing agreement was signed after the receipt of funds.. 2., has started. = I advised the Accounting Officer to ensure that the PDM activities are prioritized and regularized.
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e11b1937-2925-4db5-a39e-0b9116436057
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
Amount of PRF received before PRF.No. of PDM SACCOs that did not have a PDM member registers = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.that did not have updated PDM member registers = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs without signed PRF financin g agreem ents = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs without signed PRF financing agreements that signed PPRF before the first AGM = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs whose SACCO bank account number was not capture d in the signed PRF Financi ng Agreem ent = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs that received funds before signing PRF financing
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ec487df2-30ae-4f4c-bedd-02e609821224
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
No. of PDM No. of PDM.SACCOs without signed PRF financing agreements that AGM = 0. , Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.signed PPRF before the first SACCOs whose SACCO bank account number was not capture d in the signed PRF Financi ng Agreem ent = . , Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs that received funds before signing PRF financing agreemen ts = . , Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = . , Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = . , Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = . 21, Vote code. = . 21, Entity Name. = Kotido MC. 21, Regis tratio n of PDM SACC Os Under the Coope rative Societ ies Act No of PDM.SACC Os that were not regist ered under the Coope rative Societ ies Act. = . 21, Licensing of PDM SACCOs Under the Microfinance Institutions Money Lenders Act.No. of PDM SACCOs that were not licensed to take on the business of lending under Microfinance Institutions money lenders act = . 21, Registration of Enterprise Groups as Community Based Organizations.No. of Enterprise Groups that are not registered as Communit y Based Organizati ons = . 21, Registration of Enterprise
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c1305a6d-d075-4f5a-b057-8a26ee1c14d3
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.agreements = 155,691,822. 116, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.agreements = 155,691,822. 117, Vote code.No. of SACCOs. = 908. 117, Entity Name Regis tratio n of PDM SACC Os the Societ ies Act No of.SACC Os that were not regist ered the ies Act. = Nebbi DLG. 117, Under Coope rative Act PDM.under Coope rative Societ SACCOs that were not licensed to take on the business of lending under Microfinance Institutions money lenders act = -. 117, Licensing of PDM SACCOs Under the Microfinance Institutions Money Lenders No. of PDM.No. of Groups that are not as y Based ons = . 117, Registration of Enterprise Groups as Community Based Organizations.Enterprise registered Communit Organizati = . 117, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.No. of PDM SACCOs that did not have a PDM member registers = . 117, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.that did
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af5248eb-ac6a-458a-b660-a46864589d77
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
Enterprise and Household Registers.No. of PDM SACCOs that did not have a PDM member registers that signed PPRF before the first AGM = 0. 91, Update of SACCO Enterprise and Household Registers.No. PDM SACCOs that did not have updated PDM member registers = 0. 91, Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs without signed PRF financin g agreem ents = 0. 91, Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs without signed PRF financing agreements = 0 0. 91, Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs whose SACCO bank account number was not capture d in the signed PRF Financi ng Agreem = 0. 91, Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs that received funds before signing PRF financing agreemen ts = 0. 91, Signing of PRF Financing Agreements No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = 0. 92, Vote code. = 879. 92, Entity Name. = Lamwo DLG. 92, Regis tratio n of PDM SACC Os Under the Coope rative Societ.ies Act No of PDM SACC Os that were not regist ered under the Coope rative Societ ies Act. = 0. 92, Licensing of PDM SACCOs Under the Microfinance Institutions Money Lenders Act.No. of PDM SACCOs that
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7b3d04a8-2a6f-46c5-9e7b-5dac9a6b773f
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4 |
Appendix 12: Registration of PDM SACCOs and Enterprise Groups
money lenders act = . , Registration of Enterprise Groups as Community Based Organizations.No. of Enterprise Groups that are not registered as Communit y Based Organizati ons = 11. , Registration of Enterprise Groups as Community Based Organizations.No. of SACCOs. = . , Update of SACCO Enterprise and Household Registers.No. of PDM SACCOs that did not have a PDM member registers = . , Update of SACCO Enterprise and Household Registers.No. PDM SACCOs that did not have updated PDM member registers = . , Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.No. of PDM SACCOs without signed PRF financin g agreem ents = . , Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs without signed PRF financing agreements that AGM = . , Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.signed PPRF before the first SACCOs whose SACCO bank account number was not capture d in the signed PRF Financi ng Agreem ent = . , Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs that received funds before signing PRF financing agreemen ts = . , Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = 0. , Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF
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d06cd816-25f3-4957-ba12-e35176484111
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
agreements = . , Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.Amount of PRF received before PRF agreements = . 23, Vote code. = . 23, Entity Name. = . 23, Regis tratio n of PDM SACC Os Under the Coope rative Societ ies Act No of PDM.SACC Os that were not regist ered under the Coope rative Societ ies Act. = 0. 23, Licensing of PDM SACCOs Under the Microfinance Institutions Money Lenders Act.No. of PDM SACCOs that were not licensed to take on the business of lending under Microfinance Institutions money lenders act = . 23, Registration of Enterprise Groups as Community Based Organizations.No. of Enterprise Groups that are not registered as Communit y Based Organizati ons = . 23, Registration of Enterprise Groups as Community Based Organizations.No. of SACCOs. = . 23, Update of SACCO Enterprise and Household Registers.No. of PDM SACCOs that did not have a PDM member registers = . 23, Update of SACCO Enterprise and Household Registers.No. PDM SACCOs that did not have updated PDM member registers = 2. 23, Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.No. of PDM SACCOs without signed PRF financin g agreem ents = . 23, Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.SACCOs without signed PRF financing agreements that AGM = . 23, Signing of PRF Financing Agreements Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM.signed PPRF before the first SACCOs whose SACCO bank account number was not capture d in the signed PRF Financi ng
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d934bfa9-7962-41ad-947f-d32ec68c8ee3
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4.6 Registration _of PDM_SACCOs and Enterprise Groups
Paragraph 2.6.2, 2.6.3, 3.10 of Users Handbook for the Parish Revolving Fund (PRF) under PDM Pillar 3 Financial Inclusion October 2022; and Section 36(1, 2 &3) of Tier 4: Microfinance Institutions money lenders act, 2016 requires that;
The LG and more specifically the TILED department shall support the Office of the Registrar of Cooperative Societies at the MoTIC, to complete the PDM SACCO registration process.
The PDM Enterprise Groups shall be registered by the Community Development Officers at the Sub-County, as a Community Based Organization. A copy of the certificate of Registration of the Enterprise Group (together with details of the members of the Group) shall be sent to the Chairperson of the PDM SACCO and to the DCO.
A SACCO shall not carry on the business of provision of financial services to its members unless it is a registered society and licensed under this Act or it is operating on a probationary period pending registration under the Cooperatives Societies Act or it has applied for a licence under this Act.
A SACCO shall sign PRF Financing Agreement with the Accounting Officer. The purpose of this Agreement is to formalise the relationship between Government and the PDM SACCOs.
The Accounting Officer shall submit an Attestation Form to confirm that the PDM SACCO was formed in accordance with the issued PDM Pillar 3 guidelines. This was further emphasised by the PSST in the budget execution circular for FY 2022/2023 dated June 2022.
The Chairperson PDM SACCO shall from time to time update the PDM Member Register and at any available General Meeting shall present the new members to the general assembly for admission into the PDM SACCO
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9b9cef80-10ed-4646-ae62-977a877fa7b0
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5.4.1 Reqistration of PDM SACCOs and Enterprise Groups
, Nature registration of = Licensing SACCOs Microfinance Institutions Lenders Act. , Observations = of PDM 10 sampled SACCOs were not licensed to Under the take on the business of lending under Microfinance Institutions money lenders act Money as detailed in Appendix 12. , Management response = The Accounting Officer explained that currently SACCOs are operating temporary registration and are expected to obtain permanent registration certificate after 2years. Upon fulfilling this requirement, SACCOs on
As a result; enforcement of recovery of PRF from beneficiaries by the PDM SACCOs may be legally challenged leading to loss of funds.
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9fe5e675-141e-4dad-9363-8e45ca1709c4
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
Groups that are not as y Based ons = . 130, Registration of Enterprise Groups as Community Based Organizations.Enterprise registered Communit Organizati = . 130, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.No. of PDM SACCOs that did not have a PDM member registers = 0. 130, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.that did not have updated PDM member registers = 0. 130, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs without signed PRF financin g agreem ents = 38. 130, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs without signed PRF financing agreements that signed PPRF before the first AGM = . 130, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs whose SACCO bank account number was not capture d in the signed PRF Financi ng
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959a81f3-270b-445a-8193-2c0e8c6f3752
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4 |
Appendix 12: Registration of PDM SACCOs and Enterprise Groups
received before PRF.SACCOs whose SACCO bank account number was not capture d in the signed PRF Financi ng Agreem ent = -. , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs that received funds before signing PRF financing agreemen ts 0 = -. , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM No. of PDM No. of PDM Amount of PRF received before PRF.agreements 0 = . 72, Vote code. = 851. 72, Entity Name. = . 72, Regis tratio n of PDM SACC Os Under the Coope rative Societ.ies Act No of PDM SACC Os that were not regist ered under the Coope rative Societ ies Act. = 0. 72, Licensing of PDM SACCOs Under the Microfinance Institutions Money Lenders Act No. of PDM SACCOs that.were not licensed to take on the business of lending under Microfinance Institutions money lenders act = 10. 72, Registration of Enterprise Groups as Community Based Organizations.No. of Enterprise Groups that are not registered as Communit y Based Organizati ons = 0. 72, No. of SACCOs. = 0. 72, No. of PDM SACCOs that did not have a PDM member registers = . 72, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM No. of PDM No. of PDM Amount of PRF received before PRF.that did not have updated PDM member registers = . 72, Update of SACCO Enterprise and
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41d25cd5-52c5-4d6f-af8c-ca5946410b66
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4 |
Appendix 12: Registration of PDM SACCOs and Enterprise Groups
funds before signing PRF financing agreemen ts 0 = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM No. of PDM No. of PDM Amount of PRF received before PRF.agreements 0 = . 77, Vote code. = . 77, Entity Name. = . 77, Regis tratio n of PDM SACC Os Under the Coope rative Societ.ies Act No of PDM SACC Os that were not regist ered under the Coope rative Societ ies Act. = -. 77, Licensing of PDM SACCOs Under the Microfinance Institutions Money Lenders Act No. of PDM SACCOs that.were not licensed to take on the business of lending under Microfinance Institutions money lenders act = 57. 77, Registration of Enterprise Groups as Community Based Organizations.No. of Enterprise Groups that are not registered as Communit y Based Organizati ons = . 77, No. of SACCOs. = -. 77, No. of PDM SACCOs that did not have a PDM member registers = . 77, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM No. of PDM No. of PDM Amount of PRF received before PRF.that did not have updated PDM member registers = -. 77, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs without signed PRF financin g agreem ents = -. 77, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM
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86bf47ba-1f0c-491f-94dc-3a338a32c9c6
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4 |
Appendix 12: Registration of PDM SACCOs and Enterprise Groups
Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs that received funds before signing PRF financing agreemen ts 0 = 55. 56 57 55, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM No. of PDM No. of PDM Amount of PRF received before PRF.agreements 0 = 5,500,000,000. 58, Vote code. = 835. 58, Entity Name. = Ibanda DLG. 58, Regis tratio n of PDM SACC Os Under the Coope rative Societ.ies Act No of PDM SACC Os that were not regist ered under the Coope rative Societ ies Act. = 0. 58, Licensing of PDM SACCOs Under the Microfinance Institutions Money Lenders Act No. of PDM SACCOs that.were not licensed to take on the business of lending under Microfinance Institutions money lenders act = 42. 58, Registration of Enterprise Groups as Community Based Organizations.No. of Enterprise Groups that are not registered as Communit y Based Organizati ons = 40 40. 58, No. of SACCOs. = 10. 58, No. of PDM SACCOs that did not have a PDM member registers = . 58, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM No. of PDM No. of PDM Amount of PRF received before PRF.that did not have updated PDM member registers = 10. 58, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of
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d5e4a944-ffa4-4077-a320-710febefd6d3
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs whose SACCO bank account number was not capture d in the signed PRF Financi ng Agreem ent = - 0. 62, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs that received funds before signing PRF financing agreemen ts 0 = 0. 62, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM No. of PDM No. of PDM Amount of PRF received before PRF.agreements 0 = - -. 63, Vote code. = . 63, Entity Name. = . 63, Regis tratio n of PDM SACC Os Under the Coope rative Societ.ies Act No of PDM SACC Os that were not regist ered under the Coope rative Societ ies Act. = 0. 63, Licensing of PDM SACCOs Under the Microfinance Institutions Money Lenders Act No. of PDM SACCOs that.were not licensed to take on the business of lending under Microfinance Institutions money lenders act = 10. 63, Registration of Enterprise Groups as Community Based Organizations.No. of Enterprise Groups that are not registered as Communit y Based Organizati ons = 0. 63, No. of SACCOs. = 10. 63, No. of PDM SACCOs that did not have a PDM member registers = 10. 63, Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF
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b79ea494-de3c-40e8-ab5d-8c5118f324ba
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4.1.2.3 Registration of PDM SACCOs and Enterprise Groups
, Nature of registration = Licensing of PDM SACCOs Under the Microfinance Institutions Money Lenders Act. , Observations = All the 42 SACCOs were not licensed to take on the business of lending under Microfinance Institutions money lenders. , Management Response = The Accounting Officer explained that arrangements are underway to have all the 42 SACCOs registered with UMRA. , Nature of registration = Update of SACCO Enterprise and Household Registers. , Observations = 5 SACCOs did not have updated PDM member registers contrary to the guidelines.. , Management Response = The Accounting Officer explained that the Registers are kept with the Enterprise Group Leaders, however, Steps are being taken to have enterprise group registers at the PDM SACCO offices as well.. , Nature of registration = Signing of Financing Agreements. , Observations = PRF UGX.4,200,000,000 was transferred to 42 SACCOs without signed PRF financing agreements.. , Management Response = The Accounting Officer explained that action had already been taken where the SACCO accounts signatories, Parish Chief and CAO had already signed their part awaiting finalization by the solicitor general.
Irregularities in registration of PDM SACCOs and Enterprise Groups could lead to loss of PRF due to; funding illegitimate, SACCOs that do not meet minimum requirements for operation and extending loans to members of non-existent enterprise groups, and ineligible beneficiaries. In addition, enforcement of recovery of PRF from beneficiaries by unlicensed PDM SACCOs may be legally challenged.
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4.6.6 Registration of PDM SACCOs and Enterprise Groups
Table 27; PDM SACCO Operations
Lenders Act, 1 = The Accounting Officer explained that it is not a requirement as of now because these PDM SACCOs are fully registered under the Cooperative Societies Act 2019 Section 1.1.2 (As Amended) and under this they can operate and lend legally. They are on a 2 year Probation after which they can apply for permanent registration which will be considered depending on their performance. Only after they have become permanent, then will they be licensed by UMRA, also depending on their performance.. Lenders Act, 2 = The Accounting Officer of the PDM Secretariat should harmonize the legal challenges regarding the licensing SACCOs under the micro-finance Institution money lenders Act 2016.. Update of SACCO Enterprise and Household Registers, 1 = I noted that 8 SACCOs did not have a PDM member registers/ updated PDM member registers contrary to the guidelines. The table in Appendix 10 refers;. Update of SACCO Enterprise and Household Registers, 2 = I advised the Accounting Officer to ensure that the PDM member register is updated as required by the guidelines.. , 1 = Failure to update PDM member registers may result to extending PRF loans to ineligible beneficiaries leading to failure to achieve objectives.. , 2 = pillar The Accounting Officer promised to intensify supervision of the SACCOs
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221a7584-7203-47a4-8eb9-29cce89f29bc
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Appendix 12: Registration of PDM SACCOs and Enterprise Groups
financin g agreem ents = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs without signed PRF financing agreements that signed PPRF before the first AGM = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs whose SACCO bank account number was not capture d in the signed PRF Financi ng Agreem ent = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.SACCOs that received funds before signing PRF financing agreemen ts = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.agreements = . , Update of SACCO Enterprise and Household Registers Signing of PRF Financing Agreements No. PDM SACCOs No. of PDM Amount of PRF transferred to PDM No. of PDM SACCOs No. of PDM No. of PDM Amount of PRF received before PRF.agreements = . , Vote code.No. of SACCOs. = . , Entity Name Regis tratio n of PDM SACC Os the Societ ies Act
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67ba2608-be7d-417c-ba75-9a190e3d3c73
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4.5.1
1., Nature of registration = Licensing of PDM SACCOs Under the Microfinance Institutions Money Lenders Act. 1., Observations = All 18 sampled PDM SACCOs were not licensed to take on the business of lending under Microfinance Institutions money lenders act as detailed in Appendix 4 (f).. 1., Management Response = Management acknowledged that at the time of Audit, the PDM SACCOs were not licensed by the Micro finance institutions as they are special PDM. , Nature of registration = Registration of Enterprise Groups as Community Based Organizations. , Observations = 31 Enterprise groups in 18 PDM SACCOs were not registered by the Community Development Officers at the Sub County as Community Based Organizations (CBOs). Refer to Appendix 4 (9).. , Management Response = address poverty_issues Management explained that shall ensure that enterprise groups have evidence of registration with the Sub-County they
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2bad8943-399d-4012-bc7c-b7fcb2e4efea
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