- namirembedioceseyouthsacco@gmail.com
- Working Hours: 8:00AM - 5:00PM
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Our Products
Saving Accounts
01
Personal Saving Account
These are continuous savings a member makes to the Sacco throughout his/her membership.
The features are:
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Trains members to develop a saving culture.
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Monthly minimum contribution is Ug shs 20,000/=
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They allow members to access loans.
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Earns interest every year on a monthly basis.
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No charge on account opening
02
Group Savings Account:
These are continuous savings groups/fellowships/organizations make to the Sacco throughout their membership.
The features are:
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Trains groups to save.
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Minimum number of group members 3.
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Monthly minimum contributions is UGX 50,000/=.
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They allow groups to access loans.
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Earns interest every year on a monthly basis.
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No charge on account opening.
03
Children Saving Account
It is a children’s saving account meant for both short/long term future financial needs.
The features are:
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Instills saving culture in children.
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Minimum savings of UGX 20,000/= per month.
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Earns interest every year on a monthly basis.
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Withdraw allowed every 4 months.
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No ledger fees.
04
Salary Savings Account:
It is an account where ones full or part of his/her salary is saved on a monthly basis.
The features are:
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They allow members to access loans.
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Minimum monthly contribution of UGX 50,000/=
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Minimum balance is UGX 50,000/=
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Withdraw allowed every after 3 months.
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Entrance fee UGX 10,000/=
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Earns interest every year on a monthly basis.
Loan Accounts
01
School Fees Loan
This account provides loans to children, students & elders in learning institutions for school fees.
The features are:
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No savings required to access the loan.
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Maximum loan period is three (3) months.
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Minimum amount is UGX 500,000/= and maximum is UGX 1,000,000/=
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Disbursement to be processed in 48 hours upon submission of all the required documents. Loan application form, current pay slip.
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Interest charged on reducing balance at 10.5% per annum.
02
Business Loans
These are loans disbursed purposely for business development (Income generating businesses).
The features are:
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Legal existing businesses.
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The business must have saved with the Sacco for a period of 6 months.
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Interest rate 6.5%
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Minimum amount is UGX 2,000,000/= – UGX 5,000,000/=
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Audited financials
03
Personal Loans
These are loans granted to individual members for personal development.
The features are:
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Maximum loan tenure is 8 months.
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Disbursement to be processed in 24 hours upon submission of full documents (Loan Application form, recommendation, current pay slip etc)
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Applicant should have saved for 6 months
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Interest charged on reducing balance at 8% per annum.
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Loan top up is available after 5 months.
04
Salary Loans
These are loans disbursed only to salary earners.
The features are:
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Applicant should have saved for 5 months
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Loan top up is available after 4 months
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Disbursement to be processed in 24 hours upon submission of full documents.
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Interest charged on reducing balance at 8% per annum.
05
Group Loans
These are loans disbursed only to groups/fellowships purposely for income generating activities/projects.
The features are:
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Clear proposal/concept for the income generating activity.
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Group should have saved for 6 months.
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Loan top up is available after 4 months.
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Disbursement to be processed in 24 hours upon submission of full documents.
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Collateral security may be required.
06
Emergency Quick Loans
This account responds to sudden emergency situations that may arise in our day to day living.
The features are:
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Given out to members with emergency situations like sickness
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Disbursement to be processed in 12 hours upon submission of full documents (evidence of emergency situation, loan application form) etc.
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Applicant should have saved for 6 months.
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Withdrawal allowed any time of emergency happening.
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Maximum withdrawal is UGX1,000,000/=
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Interest rate 12.5%
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No loan top up