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RUGERO SACCOGisagara
Illustration: Working together as a group

GROUPS & SAVINGS CIRCLES

Shared goals. Collective strength.

Make contributions and responsibilities clear to every member.

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Illustration: Working together as a groupRugero

Good records start with a shared understanding.

  1. 01

    Purpose and members

    Agree the goal, group membership and contribution schedule.

  2. 02

    Records and decisions

    Keep contribution records and decisions, identifying who prepared and reviewed them.

  3. 03

    Signing authority

    Confirm signatories and how to change their authority with the SACCO.

What can you build together?

RWF

Assumes every contribution is made. Excludes interest, penalties, withdrawals and loans. No group ledger is connected.

Questions to bring to the SACCO.

How does a group open an account?

Ask about group documents, signatory identification, an account-opening resolution and applicable charges.

How is a SACCO group loan different from internal lending?

A loan from the SACCO follows its own agreement. A group’s internal lending to members is separate and should not be presented as a SACCO-approved loan.

Prepare a group enquiry