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Address
Luzira, Ring Road at CiplaQcil
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Phone
+256 200 923 581
Share Account
S08. Share Account (SHA)
Description
Member share capital account. Earns dividends at end of financial year based on cooperative performance.
| Minimum Balance | UGX 1,000,000 |
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| Interest Period | Annually |
| Additional Criteria | Non-withdrawable but transferable or bought back by cooperative (subject to availability of funds). Coop can buy back shares when member is leaving QCIL subject to availability of funds. Shares are not used to offset loans while member is still active unless at departure. Funding is automatically debited from Regular Savings Account. After paying up 1,000,000 share capital, contributions are by standing order. Earns dividends at end of financial year based on performance. New member can begin with at least 10 shares. |
Product Features
Fixed Time Deposit
Withdrawals Enabled
Daily Periodic Savings
Fixed Deposit Return
Other Savings Products
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Regular Savings Account (RSA) 5% p.a.View
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Welfare Savings Account (WSA) 5% p.a.View
- View
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