Frequently Asked Questions
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WHO IS MAMIDECOT?
Masaka Microfinance & Development Co-operative Trust (MAMIDECOT) is a Savings and Credit Cooperative Society. (SACCO)
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WHERE ARE YOU LOCATED
MAMIDECOT operates in the Greater Masaka region. MAMIDECOT has five branches in four districts namely; Nyendo Branch located in Masaka District, Lukaya and Kalungu branch located Kalungu district, Bukomansimbi Branch located in Bukomansimbi District and Bukunda branch in Kyotera district.
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WHAT PRODUCTS AND SERVICES DO YOU OFFER?
We provide savings and credit services, agriculture and business advisory services, financial literacy trainings and micro insurance services
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HOW DO I BECOME A MEMBER?
To open an account, you need 35,000 Ugx. Of which; Shares: Minimum of 2 shares @ 10,000 Ugx Registration fees @ 10,000 Ugx Passbook fees @ 5,000 Ugx Minimum account balance @ 10,000 Ugx Valid National Identity card, Driver’s license or Passport 3 passport photos
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HOW LONG DOES IT TAKE TO ACQUIRE A LOAN AFTER OPENING THE ACCOUNT?
One month of actively using the account for both deposits and withdraws
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WHAT FORM OF BANKING CHANNELS DOES MAMIDECOT HAVE FOR HER CUSTOMERS?
We have a couple of banking channels which include 5 branches, Mobile banking services using USSD (*217*135#) and the KIRI EASY payment service.
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WHAT ARE MAMIDECOT’S LOAN LIMITS?
The minimum loan amount is 100,000 Ugx and the maximum loan amount is 100,000,000 Ugx