The Mama’s Safe Group Savings Account is specifically tailored to women, aged 18 years and above who wish to pool their money for investment. It is a safe and affordable account that comes with medical Insurance cover for the principle account holder. Group size ranges from 5 to 30 members.
These accounts empower hardworking women to access financial services as well as affordable quality health care. Unforeseen occurrences like sudden illness render you indisposed to your business and can wipe out your life savings.
That is what makes the First Trust Finance Services Mama’s products a must-have for every woman.
Benefits
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Easy and affordable account opening requirements
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No deposit or withdrawal fees
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No ledger fees
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Unlimited deposits and withdrawals
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No inter-branch charges
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Competitive interest rates paid on savings (2.5- 5.5% pa) on account balances of UShs 50,000 and above
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Access to affordable and quality health care
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Access to non-financial services
Requirements
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Valid identification (either village ID/LC letter, letter from recognised institution/employer, driver’s permit, passport, voters’ card, CRB financial card)
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A constitution/by laws for the group
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Minimum opening amount of UShs 5,000
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Subscription to medical insurance is mandatory