Government Employee
Product Description
Minimum Monthly Contribution $20
Bulsho SACCO acknowledges the growing financial needs of the public sector (government) employees in Somalia’s Federal and State levels. As a result, Bulsho SACCO has tailored a specific product that reflects both their financial needs and targets.
This club enjoys an emergency fund of up to $1,000, repayable in six (6) months and one month’s net salary advance (if salary is processed by Bulsho SACCO).
Benefits
- Annual ROI through Dividends on Share Capital (after 3 years of Bulsho SACCO existence)
- Affordable Finance of three times of savings
- No Collateral, only guaranteed by other members
- Maximum salary advance amount is one month of net salary
- Access to Emergency fund of upto $1,000 in 24hrs (After 1 year). Repayable in 6 Months
- Salary advance (if salary is processed by Bulsho SACCO)
- Discounted Insurance/Medical Cover
Eligibility
- Is a Somali citizen.
- Has attained the age of 18 years.
- Has good character and sound mind.
- Declares source of income.
- Engaged in Public Sector (Government) employment in Federal, State and Municipal levels.
- Meets Bulsho SACCO membership requirements and complies with Bulsho SACCO by-laws and procedures from time to time.
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