On Wednesday May 30th, Ambassador Kim You-Churl had a meeting with Mr. Bang Sung-Ho and Mr. Kim Sung-Ho from the Korean Federation of Community Credit Cooperatives (KFCC), who are on a visit to Uganda to establish a Korean model of community credit cooperatives. Amb. Kim and the Korea Saemaul Undong Center Team discussed ways to broaden Ugandan middle class and how to increase household incomes in Uganda.
Mr. Bang expounded on the development of Korean Community Credit Cooperatives. He also introduced a Korean Model of Community Credit Cooperatives(CC) and expressed his opinion that the Korean model will be introduced in Uganda successfully.
Amb. Kim stated that the benefits accruing from development projects should be shared among all Ugandans, and that he expects CC will play an important role in this goal. He also suggested the KFCC cooperate with other organizations on related projects.
We hope that development projects like CC will be implemented successfully in order to generate more income for Ugandans.