Muganga SACCO

Author name: Admin

What about members who have saved more than 5% of their net salary as compulsory savings while the SACCO was operating as a mutual aid group (tontine)?

As per the resolution passed by the General Assembly, the amount saved above 5% is kept in a “term deposit account” with 3% interest for a maximum of three years. This resolution does not apply to members who have utilized their savings as collateral for loans.

What about members who have saved more than 5% of their net salary as compulsory savings while the SACCO was operating as a mutual aid group (tontine)? Read More »

I have been with Muganga SACCO since its early days as a mutual aid group (tontine). Do I have to apply for an account number?

No, if you have been a member of Muganga SACCO since its early days, you already have an account. You can check your account number using our digital tools such as mobile banking USSD (*565#), mobile app, and internet banking.

I have been with Muganga SACCO since its early days as a mutual aid group (tontine). Do I have to apply for an account number? Read More »

What additional services or benefits does the SACCO provide to its members?

In addition to offering affordable and tailored financial services, Muganga SACCO provides numerous benefits to its members. These include financial education and training, specialized loans (e.g., educational loans), social and community engagement opportunities, voting rights, participation in decision-making processes, and more.

What additional services or benefits does the SACCO provide to its members? Read More »