Wazalendo Savings and Credit Cooperative Society
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Overview
Tagline Brand's website · 2026-11-07
Wazalendo SACCO is a member-owned savings and credit cooperative serving eligible Ministry of Defence and Uganda People’s Defence Forces-related members in Uganda.
Description Brand's website · 2026-11-07
Wazalendo Savings and Credit Cooperative Society, also known as WSACCO, enables members to pool savings and access loans for productive activities and improved welfare. It is a Ministry of Defence and Veterans Affairs and Uganda People’s Defence Forces cooperative society, registered in September 2005 under Registration Number 7419.
Identity
Mission Brand's website · 2026-11-07
To mobilize funds in order to provide affordable financial services that effectively improve members’ welfare.
Founders & leadership Brand's website · 2026-11-07
WSACCO is owned by its members. The Annual General Meeting is the supreme authority and elects the Board of Directors, which makes policies and hires management to implement policies, Board decisions, and run day-to-day operations. The AGM also elects a supervisory committee to oversee the Board and management.
Website Brand's website · 2026-11-07
https://wazalendo.co.ug
Voice & tone Brand's website · 2026-11-07
Member-focused, service-oriented, professional, transparent, and educational.
Founded Brand's website · 2026-11-07
September 2005
Parent ownership Brand's website · 2026-11-07
Member-owned cooperative society associated with the Ministry of Defence and Veterans Affairs and the Uganda People’s Defence Forces.
Offerings
Problem solved Brand's website · 2026-11-07
Provides members with a structured way to save, access credit at fair or competitive rates, improve their economic and social conditions, and engage in productive activities for wealth creation.
Core capabilities Brand's website · 2026-11-07
- Savings accounts and deposits
- Loan and credit services
- ATM and Inter-Switch services
- Mobile and SMS banking
- Over-the-counter biometric banking
- Member financial education and sensitization
- Member welfare and financial solutions
- Branch-based financial services
Products / SKUs Brand's website · 2026-11-07
- Ordinary Savings
- Shares Accounts
- Voluntary Savings
- Fixed Deposit Accounts
- Retirement Account
- School Fees Account
- Minor (TOTO) Account
- Salary Account
Pricing Brand's website · 2026-11-07
Membership requirements include a UGX 10,000 membership fee, a minimum of 10 shares at UGX 15,000 each, and a savings account with a minimum balance of UGX 10,000. Loans are offered at stated interest rates of 12%–13% depending on the period.
Audience
Target industry Brand's website · 2026-11-07
Financial services, savings and credit cooperatives, and member-based banking.
Customer base Brand's website · 2026-11-07
UPDF personnel, civilian staff of the Ministry of Defence and Veterans Affairs, UPDF Reserve Force members, WSACCO civilian employees, spouses and children of these groups, and other interested groups approved by the Board of Directors.
Ideal customer profile Brand's website · 2026-11-07
Eligible Ministry of Defence and Veterans Affairs and Uganda People’s Defence Forces-related individuals and families seeking savings, credit, and financial education services.
Use cases Brand's website · 2026-11-07
- Saving business income and supporting business operations
- Accessing credit for productive activities
- Financing school fees
- Financing housing
- Financing agricultural activities
- Financing business activities
- Financing assets, including boda bodas
- Preparing for retirement
Customer outcomes Brand's website · 2026-11-07
- Improved member welfare
- Access to affordable financial services
- Access to loans at stated competitive interest rates
- Support for wealth creation and productive activities
- Improved business operations and additional income sources
- Greater financial literacy
- Access to member services through 19 branches countrywide and partner-bank ATM networks
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Claim Wazalendo Savings and Credit Cooperative Society — free →Page last updated 2026-11-07.