Make your Savings with BUMUTE Saccos.
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Dear Customer, We have launched Video KYC facility for New customer to open savings ac
BUMUTE Saccos Objectives
Due to the five-year strategic plan (2021 - 2025) of BUMUTE SACCOS Ltd, the eight (8) strategic areas identified will be achieved by the Board to implement 18 objectives, 63 strategies and 105 strategic activities that will be achieved by 85% within the three-year period 2021 – 2023 of this business plan with the following objectives;
- To Increase the Number of Members by an Average of 15% per Year
- To Building the Capacity of Leaders to Manage the Party Productively by Following the Requirements of Laws and Regulations
- To Build the Capacity of Executives to Increase Their Productivity and Efficiency at Work
- To Improve the Efficiency and Productivity of the Association
- To Increase lending by an average of 25% annually
- To Increase the minimum monthly savings contribution by 10% per year
- To Improve stock structure.
- To Expand the scope of investment
BUMUTE Saccos Ltd Members
Our Services
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Loans (Mikopo)
Short term loan up to Tsh. 1,000,000/= period up to 6 months at 10% interest per year.
Long term loan up to Tsh. 30,000,000/= term up to 60 months at 9% interest per year -
Shares (Hisa)
At a minimum, each Member of BUMUTE SACCOS Ltd should have 20 shares worth Tsh. 10,000/= each with a total share value of not less than Tsh. 200,000/=
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Savings (Akiba)
Members will continue to contribute their savings at the rate of Tsh. 40,000 per Member per month. A member can contribute the maximum amount according to his ability.
KASHAIJA DUNSTAN ISHENGOMA
BUMUTE Saccos Manager
