SAVING PRODUCTS

Compulsory Savings

• Saving at least 5% of the monthly salary on a monthly basis
• A minimum of Frw 10,000 for cooperatives, associations and non-earning salary members
• No withdrawal is allowed for active members
• Minimum amount to save is Frw 2,000 per month
• The security of your funds is guaranteed,
• Using it as loan guaranty
• Increase the worth
• No maintenance fees
• Continue benefiting HSS-MAG’ financial services even in retirement period.

Voluntary Savings

• No opening and maintenance fees
• Minimum monthly deposit of Frw 1,000 and above according to members’ capacity to save and needs
• Flexible in terms of depositing on the account, any amount, any time
• No withdrawal is allowed from this account before maturity of 3 months
• Flexible withdrawal of savings amount at maximum of 80% after 3 months
• Loan amount equal to 2 times amount saved and repayable in one year on the condition of maintaining the monthly saving for the whole repayment period. Withdrawal is not allowed during the loan repayment!