Savings
Set your goal, the time to reach it and the amount you can set aside.
Ask about opening costs, the membership share, deposits and withdrawals.
Prepare your next stepCredit
Start with the purpose of the funds and how you expect to repay them.
Request eligibility conditions, total repayment costs and a repayment schedule.
Prepare your next stepFarming & enterprise
Keep records of output, purchases and money received.
Prepare your figures before discussing suitable services.
Prepare your next stepGroups & households
Agree on goals, contributions and who will keep the records.
Ask the SACCO about group requirements and transaction authorisations.
Prepare your next stepAsk the SACCO for its approved fees, rates and conditions before making a decision. These planning tools do not replace a conversation with the SACCO.
BANKING FOR EVERYDAY LIFE
A next step for your goal.
These general guides help you prepare a conversation, informed by how banks explain their services. UBUMWE confirms its own products and conditions.
Save with a purpose
Separate money you will need soon from money for a later goal.
- 01
Write down the goal, cost and date you need the money.
- 02
Ask when withdrawals are allowed, what they cost and how interest is calculated.
- 03
Ask about the minimum balance and account closure.
Research references: Bank of Kigali ↗ · BPR Bank ↗ · BNR ↗
BEFORE YOU CHOOSE
Compare more than a product name.
Mark each topic when you have a written answer. This is your own preparation.
| What to check | Savings | Credit | Answered |
|---|---|---|---|
| Costs | Deposits, withdrawals and maintenance | Processing, interest, insurance and other fees | |
| Timing | Withdrawal timing and notice periods | Repayment dates and full term | |
| Requirements | Membership share, minimum balance and documents | Repayment source, security and guarantees | |
| Changes or closure | Changing your goal or closing the account | Early repayment, late payment and rate changes |