group of African farmers have fun in the fields, they have hoes in their hands and they are ready to plow the field, child with the basket of crops on his head

Village Savings and Loans Association (VSLA

A special savings account designed for the purpose of motivating VSLAs to accumulate savings for financing their future investment plans as well as providing access to credit facilities to members.

Benfits

  • Free balance enquiry
  • No monthly ledger fees
  • Free Online Statement
  • Earn interest of up to 4%
  • Quick access to credit facilities

Requirements

  • Certified certificate of registration
  • Byelaws/ Constitution/ Memorandum of Understanding
  • Resolution to open an account with Opportunity Bank and signatories
  • Minutes signed off by members
  • Recommendation from the Community Development Officer/ CAO
  • UGX 10,000shs Minimum balance
  • UGX 60,000 search fees
  • Two passport photos for each signatory
  • A copy of the national ID for each signatory