KCCA Cooperative offers groups and organizations an opportunity to save collectively and
earn incredibly attractive returns annually. Our Group Savings Account is designed for
clubs, associations, cooperatives, and community groups who want to pool their resources
and achieve financial goals together.
Features
- Minimum group savings contribution is UGX 100,000 (for officer level and above)
- UGX 50,000 (for members below officer level)
- Attracts interest at end of every financial year
- Flexible group contribution and withdrawal schedules
- Multiple authorized signatories for enhanced security
- Democratic group decision-making processes
- Minimum account balance of UGX 1,000,000 (members cannot withdraw below this)
Benefits
- Enhanced annual interest rates for group accounts
- Secure and regulated group savings environment
- Access to group credit facilities and loans
- Collective bargaining power for better terms
- Professional group financial management
- Shared dividend payments based on group performance
- Group financial literacy and training programs
Requirements
- Registered group, association, or organization
- Group constitution or formation documents
- List of group members with valid IDs
- Completed group membership application form
- Initial group deposit based on member level (UGX 100,000 or UGX 50,000)
- Designated group representatives and signatories
- Group meeting minutes authorizing account opening