Cente VSLA Savings Account
Product Features
- Denominated in Uganda Shillings (UGX)
- Account opening cash deposit is Zero
- Minimum balance required UGX. 5,000
- Account attracts interest
- No Account maintenance fee
- Statement of account issued monthly
- Permits deposit by way of cash, wire, cheque and any acceptable means
- SMS transaction alerts
Benefits
- Account earns attractive interest
- One free account statement per quarter
- Account can be liquidated any time on notice
- Access to Financial Literacy and entrepreneurship training opportunity
- Account credit balance can be pledged as collateral for wholesale credit facilities
- Access to POS service
- Access to SMS-Banking service
- Access to CenteMobile Banking service
- Access to PC Banking
- Cheque collection and clearing service
- Accounts opening is done from the field/community level
Requirements
- Minimum account opening cash deposit is Zero
- Two (2) most recent passport size photos of account signatories
- Valid National Identification Card
- Copy of VSLA registration certificate either from Sub-county, District or National level
- Copy of VSLA Constitution
- Copy of minutes and resolution to open account
- Account operating mandate Certificate of registration from District Community Development office
- Introduction letter from District Community Development Officer (DCDO)