Bethel Savings Scheme
We offer majorly two major kinds of saving categories that can best suit your needs and target for better financial growth and these are;
a. Voluntary Savings.
Where a member opens up an account to deposit and withdraw money at any time they would like to. This can be in the form of an individual account, group account or junior(Toto) account and often helps individuals work towards a particular accumulation of a set financial saving goal in the long run. Contact us for how best we can advise you on which saving option to start up with and we shall guarantee that we walk with you on the journey to achieving your desired goal as we save for you and add some interest to your savings.
b. Fixed deposits.
When a member opens up an account and saves money that matures after a certain period with interest, the minimum amount of money to be fixed is Ugx 500,000 (five Hundred thousand shillings only). The saving duration can be in terms of months or years. Come to our offices and let’s discuss how best we can work towards fixing your money and earning you some interest on this money.
Bethel Shares
At Bethel Sacco, we also sell shares to everyone who has already opened up an account with us or who desires to open an account with us. One share costs Ugx 20.000 (Twenty thousand Shillings) and an individual can open as many shares as they want. This helps one to access our loans and also dividends at the end of every financial year depending on the profits made by the organization.
So feel free to walk into our offices or contact us regarding this opportunity and we shall be surely glad to serve you best.
Bethel Loan services
Our loans are available to all our fully registered members and they are offered at 2.5 % per month, a member will at least be required to have collateral security and three guarantors who are also members of the organization. Our Loan processing cycle will take at most 24 hours from the date of loan application form submission. we also offer loans in-kind and they include Bodaboda loans, Solar Loans, and other household items.
Loan application forms can be either handpicked from our offices or downloaded from the website, completed and submitted back for processing.
Bethel Tweyambe scheme
This is also another scheme where a fully registered member (with a minimum of five shares) voluntarily makes an annual subscription amounting to Ugx 36,000 (Thirty-six thousand Shillings only) such that in case they lose their loved one (Spouse, child who still stays with parents and a parent), then this registered member is compensated with 1,000,000 (One Million only) towards the burial arrangements.
This arose from individuals’ struggles with funeral occurrences that take a great toll on their finances. Therefore a suggestion was birthed to have some simple contribution (call it some sort of insurance scheme) that would cater for the unplanned occurrence of death and the unplanned funding required having spent at times a lot even in trying to save the lost life through treatment and thus calling it “Tweyambe” (meaning “let us help ourselves“).
Other services
Other services we offer at Bethel Sacco include but are not limited to MTN Mobile Money and Airtel Money services where you get to send money across your preferred network in Uganda using the telecom money transfer services offered as well as withdraw money off your digital wallet and walking away with real hard cash.
We also offer Stanbic Bank Agency Banking services through which you can deposit, and withdraw cash, school fees payment, bill payments, airtime top-ups and lots more interesting services that you don’t need to move great miles to access the banking hall and queue up in those long stressing lines; here at Bethel Sacco, we have chosen to simplify this for you by partnering with Stanbic bank to serve you on their behalf and take the burden off your shoulder and ensure that your finances grow to greater heights.
