VSLA Chama Account

The BOA Voluntary Savings and Loan Association - VSLA Account can help you make the most of your collective strength

This account targets Saving Associations. The BOA Voluntary Savings and Loan Association- VSLA Account can help you make the most of your collective strength.

Account opening/minimum balance: UGX 10,000
Monthly Ledger fees: nil
Minimum account balance to earn interest: nil

3 Signatories:- Chairman, Secretary and Treasurer (Dependent on group constitution)
2 passport size photo of each Signatory
Valid Identification Documents for each signatory. e.g. Passport, Driving Permit, Financial Card, Employee ID, National ID
An Introduction letter from Area Local council 1 for each signatory
Additional Introduction letter from any of the following: Sub-County Offices / Community Development Officer of the Area or Supervising NGO
Group constitution, Resolution & duly signed minutes

Apply for VSLA Chama Account Now!