The Finance Ministry is allocating Ugx 50 billion next financial year 2014/15 to boost the performance of Savings and Credit Cooperatives (SACCOs). According to the Finance State Minister, Mr. Fred Omach, the money will be disbursed in form of 600 loans to clients in all districts. This will result in proposed savings of Ugx3 billion. Omach appeared before the Finance Committee to present the Ministry proposed budget for the financial year 2014/15. He said the ministry has proposed a total budget of Ugx 16 billion for the Microfinance sector. However, Members of Parliament (MPs) threatened not to pass the budget…