A) Savings
Members are given a chance to open an account where they can make deposits and accrue savings, which shall be available to them at their convenience
- No withdraw charges
- Withdrawal on demand.
- Receive instant messages at every transaction saving and withdrawal
Why Regular Savings?
- Encourage thrift among it’s members by affording them an opportunity for accumulating their savings
- Create a source of funds at a fair and reasonable rate of interest
- Provide an opportunity for each of it’s members to improve the members respective economic and social conditions
Savings accounts at FAM SACCO LTD:
- Fam Savings Account.
- Mtoto Savings Account
- School Fees Savings Account
- Institutional Savings Account for Companies and Schools.
- Banyama Group Account
- Power Fixed Deposit Account
B) Loans
Members are given a chance to get loans in case of any emergency or financial crisis.
Loan range from Shs. 100,000 to Shs. 5,000,000
Loan requirements
- Buy at least 10 shares (Shs. 100,000)
- Open a savings account
- At least be engaging in a business
- With collateral security
- Save at least for 2 months (Group loans)
Loans at FAM SACCO LTD:
- Business individual Loan
- Asset acquisition Loan
- School Fees Loan
- Agricultural Loan
- Group Loan
- Staff Salary Loan
- Quick loan