Who we are
Momentum Youth is a trusted and stable community that cares about financial challenges faced by many youths in accessing affordable and manageable savings and credit facilities.
Who we serve
We're currently focused on building young adults aged 18-40 years within Buganda region of Uganda whether you are school student or a worker you're a good fit for our community.
It matters!
Many youths struggle when it comes to proper savings, most especially when drawn in multiples bills: before you realize you have a -on your financial position. Why not join Momentum Youth and keep something in place, not only for future expenditure but for financial growth and investments.
Here is how we do it.
Savings: We help our members save from their little earnings on weekly basis and earn interest on their deposits at the end of the year.
Loans: Members can borrow money at friendly interest rates, with flexible repayment terms
Why should you join the SACCO even?
Well there are a number of benefits that come with being a member of Momentum Youth including:
- Low interest rates on loans.
- Flexible repayment terms.
- Personalized service from SACCO staff.
- Community involvement promoting financial literacy and stability.
- Dividends on shares or deposits. Financial planning services.
- Networking opportunities.
- Investment profit from SACCO ventures such as goat rearing, farming, etc
Left behind unsure?
We can guide you along the process of what you need to have your membership established smoothly.
Frequently Asked Questions
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Absolutely, we only focus on helping youths aged 18-40 years as this is a community built for youths.
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This is straight forward: contact us or meet in person with your copy of National ID and UGX 5,000 for membership fee and you're a member.
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Incase some weeks go bad on your side that you couldn't save, you will not be demanded by the SACCO to pay that amount, but it will reduce the amount you get at the end of the year.
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All savings are distributed by the end of the year and you get what you saved + interest.
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This is always an open decision to leave the SACCO if you intend to. But you should keep in mind that leaving before the end of the year will make you receive no interest on your savings and you can't leave with any loan if you owned to the SACCO.
