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A pool of funds for SACCOs for liquidity management, Investment and Inter-lending to member SACCOs.

CFF OBJECTIVES

  1. Build & Maintain liquidity stability.
  2. Inter-lending
  3. Centralizing Financial Power among SACCOs for Investment.

PRODUCTS

1. ORDINARY SAVINGS | Withdrawable | anytime

       SACCO may withdraw its savings at anytime

       Competitive interest paid on the balance at the end of the month.

       Minimum monthly savings is UGX 200,000.

2. COMPULSORY SAVINGS | ACCUMULATED | Withrawable

       A Member SACCO is encouraged to maintain 5% of its total assets with the CFF as liquidity reserves.

       Earns high interest rate

       High priority for qualification for loan.

3. FIXED DEPOSIT |BASED ON TERM AND RANGE

       Fixed for agreed period

       Attractive interest rates.

       Certificate of deposit issues.

       Can be used as security for the loan

4. LIQUIDITY LOANS | SHORT TERM | PAYABLE IN 6 MONTHS

Finance liquidity constraints affecting member SACCOs

Maximum loan is 3 times its savings with the CFF

 Negotiable interest rate

 Loan approval in 24 hours

 

5. DEVELOPMENT LOANS | LONG TERM | 24 MONTHS

     Finance assets acquisition or refurbishment of office

Maximum loan:  3 times its savings with CFF

REQUIREMENTS FOR CFF

A SACCO must fill and submit CFF EXPRESSION OF INTEREST FORM

A SACCO must be a fully paid up member of UCSCU

A SACCO must be in good standing with UCSCU. i.e Paid annual contribution and National Educ Fund.

Monthly savings for not less than 6 months

A SACCO must fill and submit CFF LOAN APPLICATION FORM

Resolution to borrow from UCSCU and maximum liability

 

For more information, Feel free to CONTACT US:

 

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