Which of the following is the best way to ensure that Savings and Credit Cooperative Societies (SACCOs) are sustainable?

BACKGROUND
The government of Uganda introduced SACCOs as a strategy of enabling Ugandans to access loans so as to boost their businesses.  In Uganda the position of SACCOs has been heightened by the launch of the government “Bonna Bagaggawale” (“Prosperity for All”) program intended among other interventions to address inadequate access to financial services. This program is designed to use a SACCO-per sub-county strategy to channel both agricultural and commercial loans at below market rates to borrowers. Micro Capital Monitor (2009) identifies that the government of Uganda has set aside the equivalent of USD 133.7 million for subsidized loans to individuals and small businesses through the government  owned Microfinance Support Center (MSC) to Savings and Credit Cooperative  Societies (SACCOs). Despite the recognition of SACCOs in the microfinance sector, their biggest challenge remains their Governance mechanisms. Labie and Périlleux (2008) highlight
 the major challenges to corporate governance in SACCOs as Existence of volunteer board of directors, Limited individual influence despite the “one person, one vote” decision making system and Volunteer staff. Using due diligence tests, Kakungulu, Mugenyi and Muzigiti (2010) found these and other factors weakening the operations of SACCOs in the Lango sub region of Northern Uganda.

QUESTION
Which of the following is the best way to ensure that Savings and Credit Cooperative Societies (SACCOs) are sustainable?

A. Members should own them
B. Should be owned by government
C. Should be owned by private individuals
D. Other (Specify)

INSTRUCTIONS:

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The results of this poll question show views and opinions of the listeners of LIFE FM - Fort Portal who texted in during a live radio talk-show answering the above question.