Why you need to save

22 August, 2019

Blog Admin

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  • Investments: Members earn an annual interest or dividends on the amounts they save monthly.
  • Access to larger loans/credit: The loans members get are pegged to their shares whether directly or through guarantors.
  • Retirement: One saves today for a softer landing in retirement.
  • Savings act as a fallback when temporarily out of payroll.
  • Self guarantor ship: Savings act as security for loans hence prompting confidentiality.
  • A statement of one’s savings can be used in other institutions (e.g. foreign embassies when applying for Visas).
  • Savings boost a member’s self esteem.

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