I joined a local community SACCO, with much excitement. But the monthly penalty charges of Ugx. 10,000 for not saving is becoming a problem. Saving culture is a good one. But saving is not enough. You must save and invest. Instead, SACCOs re-lend to other members at a favorable interest rate lower than commercial banks. It makes sense. At the start, many SACCOs by-laws and or constitution is poorly developed and there is lots of excitement. However, after a few months, things start changing. Folks who would save consistently, start skipping. And before you know it, the SACCO is running…
Homily for Thursday, Nineteenth Week in Ordinary Time
Ez 12:1-12 Mt 18:21–19:1 The parable Jesus speaks in today’s gospel reading has two clear messages. The first and most important message relates to God and the second relates to ourselves. The parable declares that God’s forgiveness is boundless. The first servant owed ten thousand talents, which is an astronomical sum of money. It is the kind of debt that could never be paid. We might think of the debt that some of the developing countries owe to the International Bank. The king in the parable simply canceled the debt in response to the pleading of his servant. He allowed…
