Make your Savings with BUMUTE Saccos.
More DetailsUpdates:
Dear Customer, We have launched Video KYC facility for New customer to open savings ac
Our Activities
(i) Motivating groups of people who are connected to join SACCOS.
(ii) Motivating Members to contribute shares and save to enable the Association to have sufficient liquidity.
(iii) Providing credit services to enable Members to get rid of themselves economically.
(iv) Designing and developing other types of financial products and services that are compatible with the real needs of Members.
(v) Properly manage members' investments within the Association and provide benefits and bonuses to members based on each other's contribution.
(vi) Providing Financial and Entrepreneurship education to Members.
(vii) Improving operational activities and service delivery using IT systems.
BUMUTE SACCOS currently offers the following financial services to its Members:
1. Loan Services (Mikopo):
(i) Short term loan up to Tsh. 1,000,000/= period up to 6 months at 10% interest per year
(ii) Long term loan up to Tsh. 30,000,000/= term up to 60 months at 9% interest per year
(iii) We provide Education Loans
(iv) We provide Construction Loans
(v) We provide Business Loans
2. Shares Services (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/=
3. Savings Services (Akiba):
BUMUTE SACCOS Ltd has a system to enable its members to invest their savings every month at a rate not less than Tsh. 20,000/= deducted directly from the salary. A member is allowed to increase the savings contribution due to his ability through the "standing order" method or to deposit in a bank account.
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01
Community
Must explain to you how work mistaken give you complete guide they cannot foresee pain.
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02
Commitment
Business it will frequently occur that pleasures have to be repudiated and annoyances accepted.
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03
Consistency
Being able to do what we like best every pleasure is to be welcomed and pain avoided but in certain.
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Mission
To achieve the vision, BUMUTE SACCOS Ltd will carry out the responsibility of improving the liquidity capacity to provide effective services to the Members.
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Vision
To be a strong financial institution for the provision of services that meet the real needs of Members
Core Values
- Commitment
- Consistency
- Community
Our Strengths
Members, Leaders and Executives with various skills and expertise; sufficient liquidity to provide services to Members, the Association having an office in the building of the Teachers' Association, Members who are able to contribute their money within the Association, a wide scope of membership for Teachers and public servants, the Structure of Members to be owners of The Association and customers of the services provided by the Association.
