Group Savings Account
This account is designed for VSLAs and silk groups that save with MAMIDECOT.
- Available to all VSLAs and silk groups
- Interest on savings upto 3% p.a
- Account opening is 50,000 Ugx
Benefits
Features
Benefits
- Expand access to appropriate demand driven financial services.
- Provide an opportunity for members to be involved in the financial economy.
- Strengthen the savings culture.
Features
- Account Opening UgX 50,000/=
- Minimum balance: 10,000/=
- Deposit Fees: nil
- Withdrawal Fees: nil
- Penalties : nil
- Account closing fees Ush10,000
- Dormant Account Reactivation NIL
Other optional fees: deposit booklet UgX3,000, payment voucher booklet UgX10,000
- Passbook UgX5,000
- Interest rate on savings: 3% per annum