FAQ

Membership is open to individuals and groups interested in improving their financial wellbeing through our various saving and loan products. We primarily serve farmers, entrepreneurs, and small business owners in the Mbarara region.

Members benefit from lower interest rates on loans, opportunities to save and earn interest, access to financial education, and a chance to be part of a community focused on economic growth and mutual support.

Loan applications can be initiated by visiting our office or contacting us through our official communication channels. Applicants must be members of the SACCO and meet specific loan eligibility criteria, which include a record of savings and the ability to repay the loan.

We offer various saving programs that encourage regular saving habits and help members achieve their financial goals. These include fixed deposit accounts, regular savings accounts, and special purpose savings accounts for events like education and healthcare.

We provide financial education workshops and resources on topics such as budget management, investment strategies, and understanding loans and savings. These programs are designed to empower our members with the knowledge to make informed financial decisions.

Interest rates are competitively set based on the type of loan, the term of the loan, and current market conditions. Our aim is to offer the most favorable rates to our members to support their financial growth.

Yes, members can repay their loans early without any penalties. Early repayment can reduce the total interest cost on the loan.

Our SACCO is regulated under national cooperative laws, and we adhere to strict financial management practices to ensure the safety and security of our members' savings.

To become a member, visit our office to fill out a membership form, or download it from our website. New members are required to pay a membership fee and start a savings program.