HISTORY OF AFCPU
The Association of Financial Cooperative Professionals of Uganda (AFCPU) is a National body that was formed in 2012 and officially registered in 2013 under the NGO-Act. AFCPU is a member-founded and member-owned institution with the mandate of addressing the need for quality leadership, good governance, transparent management, timely accountability and compliance among financial cooperatives and other microfinance institutions. This is done by subjecting the professionals to be ethical, respect laws, regulations, sound practices and code of conduct. Capacity building, providing technical support to Financial Cooperatives (SACCOs) and to Microfinance institutions (MFIs) are the major services offered by AFCPU.
The Annual General Meeting (AGM) of members is the highest authority in AFCPU, which seats once every year. All the powers of the association are vested in the general assembly, which elects the board president and all the other members of the board of directors. The general assembly is composed of representatives of all paid-up members. The board of directors comprises of seven members directly elected by the General Assembly. The Board of Directors is entrusted with directing the affairs of the Association on behalf of the general membership. The structure of the Board of Directors include the President, Vice President, National Secretary, National Treasurer, and three other board members who provide policy guidance to the secretariat.
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