This account aims to enable development, welfare, and investment groups to organize regular monthly contributions. When you attach a social element to your saving habits, you may find it much easier to stick to your monthly savings goals. Some of the benefits of starting a group saving’s scheme are: You can save more money faster when you pool your savings and put it into one account.
You may already have a group you or would like to have a Sacco account as a group. Eden Presbyterian Sacco gives you the opportunity to enjoy your sense of belonging in a your own choice of group and get the opportunity to save together.
This product It targets both incorporated groups and informal groups.
There is no restriction regarding who can be an owner, which can include spouses, friends and business partners, among others. Everyone named on the account has equal access to funds, regardless of who deposited the money.
How to start:
- Choose your saving partners wisely
- Choose the right goal
- Decide which goals to save for solo
- Set some ground rules
- Track your progress