Village Saving Loan Association (VSLA) Account

This account is ideal for groups saving and lending among members in the rural areas.

Benefits

  • Attractive interest
  • Can qualify for loan
  • Free deposits
  • 1 free weekly withdrawal (over the counter or IHV with Schedule of payments)
  • No monthly charge
  • Free mini statements
  • Interest Earning Fixed Deposit option available

Requirements

  • 3 recent passport size photographs for all signatories
  • Valid identification (voter's card, Passport, Residents ID, driving permit, Employers ID)
  • Completed account opening forms
  • Introduction letter for the group by either the supervisory NGO or district/sub-county chief or Community Development officer or the area LC1
  • Certificate of registration from sub-county or district where applicable
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