current account

A current account is a type of account which helps MUGANGA SACCO members to make free deposits and withdrawals of money conveniently and at any time.

Targeted Members

Salaried individual members working in the health sector in Rwanda (public and private);
Public and Private institutions in health sector;
Informal Groups(Ibimina), Associations, Cooperatives, Companies of members.

Benefits

Stay in control of your money by using Mobile banking and other digital services;
Salary payment;
Free deposits and withdrawals (any time);
Make payments easy (like Standing orders to more accounts);
Eligible to ATM Debit card.

Eligibility Criteria

For individual; He/She must be a salaried employee in health sector;
Having paid at least 5,000frws of initial payment of Share capital (for individual) and 10,000frws (corporate members);
Having subscribed to compulsory savings deductions;
Ready to be registered in Muganga SACCO Mobile Banking;
Having 18 years old (Minimum);
Not blacklisted in Credit Reference Bureau(CRB)/Trans Union.

Products features

Requirement

Fulfil and sign Member registration form (Individual & Corporate members);
Copy of Identity card/Passport of applicant;
Employment contract or appointment letter for employees;
Salary certificate for employees;
Companies: Application letter to account opening, Member registration form, RDB Full registration certificate + BoD resolutions to open account, ID copies of signatories;
Associations: Application letter to account opening, Member registration form, RGB certificate + BoD resolutions to open account, ID copies of signatories;
Cooperatives: Application letter to account opening, Member registration form, RCA certificate + BoD resolutions to open account, ID copies of signatories;
Informal groups(Ibimina): Application letter of opening account signed by a Representative Committee of at least 3 persons and their ID copies.

CURRENT ACCOUNT