Private Sector Employee

Product Description

Minimum Monthly Contribution $30

Private sector is the source of resilience for the Somalia economy, continuously providing significant number of employments to the Somali people.

Private sector employees face mounting challenges when accessing financing for their assets, education, establishing new small business and acceleration of their personal small businesses to generate more revenues.

Bulsho SACCO designed a specific product suitable for the Private Sector Employees to help them reach their financing targets and increate their wealth creation aspirations while still in their active age bracket.

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, or legally resides/works in Somalia
Has attained the age of 18 years.
Has good character and sound mind.
Declares source of income.
Engaged in a formal or informal Private Sector Employment.
Meets Bulsho SACCO membership requirements and complies with Bulsho SACCO by-laws and procedures from time to time.