Savings Product

Group Savings Account

Pool your group's resources and build collective financial strength.

Overview

The Group Savings Account is designed for women's groups, savings clubs, CBOs, youth associations, and informal groups in the Kyaddondo area. Groups pool contributions, earn dividends together, and can access group-specific loan products to fund shared goals.

Eligibility Requirements

  • Registered group, club, or CBO with at least 5 active members
  • Group must have elected chairperson, secretary, and treasurer
  • Group constitution or meeting minutes may be required

Key Benefits

Collective savings earn dividends
Access to group loan products
Encourages financial discipline among members
Builds the group's financial credibility and track record

Account Terms

  • Group dividend declared annually at AGM
  • Group representatives authorise withdrawals per group constitution
  • Group savings feed into group loan eligibility

How to Open

1
Group leaders visit the SACCO office with group documentation
2
Complete group registration form
3
Make initial group deposit
4
Operate the account through your elected officers

Open this Account

Visit our office or contact us to get started. Our team will guide you through the entire process.

Open Account Email Us

Documents Needed

  • Group minutes or constitution
  • National IDs of all three signatories (Chair, Secretary, Treasurer)
  • Passport photos of signatories

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