- + (256) 704 744 455 | 775 831 107
- admin@iamacedar.org
- Kampala, Uganda
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CEDAR'S SACCO
Cedar's Sacco
WHO WE ARE
CEDARS OF LEBANON SACCO LTD is an institution offering Micro-finance and other financial services to the cedars community regardless of sex, creed or marital status
Cedar's Sacco
OUR VISION
To be the leading Christian economic
empowering SACCO impacting
Cedars and community for God’s glory.
Cedar's Sacco
OUR MISSION
To provide an opportunity for members
to be sufficient in all socio-economic
welfare abounding to every good work
of members, their families &
communities through prudent financial management
and stewardship according to Christian
principles
Cedar's Sacco
OUR GOALS
- To promote thrift among members by affording them an opportunity for accumulating their savings and deposits to create thereby a source of funds from which loans can be made to them exclusively for providence and productive purposes at fair and reasonable rate of interest.
- To promote a savings culture among members.
- To build the capacity of CEDARS imparting among them the necessary skills, and empowering them to overcome poverty, manage their lives, businesses and credit for improved standards of living.
- To build and sustain financial literacy among members.
- To build and promote investment of personal and SACCO funds.
HOW TO JOIN CEDAR'S SACCO
Thank you for expressing interest in being part of the Cedars of Lebanon SACCO ltd. our members are the reason the SACCO exists. we would therefore address several questions our members and prospect members have in order to help everyone to make an informed decision about their membership. here are some of the frequently asked questions about our SACCO
Membership FAQ's
1. Who is eligible to become a member of the COL SACC0?
To become a member of the COL SACCO, you must first be a
registered & subscribing member of the CEDARS OF LEBANON.
to become a member of the CEDARS OF LEBANON, please
contact the CEDARS Administration on email:
or whatsapp: 0775831107 /
admin@iamacedar.org
0704744455. you will then fill a membership form for the
CEDARS OF LEBANON after which a recommendation will be
made for you to join the COL SACCO.
2. How do I become a member of the COL SACCO?
If you are already a member of the CEDARS OF LEBANON,
you will be required to fill in the COL SACCO membership form
and pledge to abide by the bye-laws and other policies of the
COL SACCO. please contact the sacco admin on the email:
to receive the membership
cedarsoflebanonsacco@gmail.com
form.
3. How do I open an account with COL SACCO?
After duly submission of the membership form to the SACCO
admin, you will be provided the SACCO bank account details &
mobile money numbers. currently, you are required to pay
50,000 UGX broken down as follows:- membership fee 10,000,
2shares each at UGX 10,000 and savings UGX 20,000.
ever member is required to buy at least 2shares and make a
minimum monthly contribution of UGX 20,000. members are
encouraged to save more than UGX 20,000 per month
OUR LOAN PRODUCTS
Our loans are priced basing on a risk inherentapproach per loan product.
Requirements:
Shares:
Savings ratio (1:1) i.e you can borrow same amount in savings plus same amount in shares.
Active members:
Must have been
constantly saving and buying shares
for 6months and above.
Tenure: 2 years
Keep your children in school with
our school fees loan
Requirements:
Shares:
Savings ratio (1:1) i.e you can borrow same amount in savings plus same amount in shares.
Active members:
Must have been
constantly saving and buying shares
for 6months and above.
Intrest Rate:
same as for the
personal loan bands
Tenure: 2 years
Requirements:
Shares:
Savings ratio (1:1) i.e you can borrow same amount in savings plus same amount in shares.
Active members:
.* Must have been
constantly saving and buying shares
for 6months and above.
*Active savings account within a
period of 3months.
*Emergency loan must be payable in
3months
CONTACT US
cedarsoflebanonsacco@gmail.com
+256 775 284579
+256 706 379310
P. O. Box 178, Ntinda, Kampala -Uganda