VSLA Chama Account.

The BOA Voluntary Savings and Loan Association - VSLA Account can help you make the most of your collective strength

This account targets Saving Associations. The BOA Voluntary Savings and Loan Association- VSLA Account can help you make the most of your collective strength.

  • Account opening/minimum balance: UGX 10,000
  • Monthly Ledger fees: nil
  • Minimum account balance to earn interest: nil
  • VSLA Chama deposit book
  • VSLA Chama withdrawal book
  • Access to loan facilities after having consistently saved for 6 months with BOA
  • Cash covered loans
  • Loans are advanced to the VSLA Group
  • Financial literacy seminars organized by the Bank
  • Free deposits
  • 3 Signatories:- Chairman, Secretary and Treasurer (Dependent on group constitution)
  • 2 passport size photo of each Signatory
  • Valid Identification Documents for each signatory. e.g. Passport, Driving Permit, Financial Card, Employee ID, National ID
  • An Introduction letter from Area Local council 1 for each signatory
  • Additional Introduction letter from any of the following: Sub-County Offices / Community Development Officer of the Area or Supervising NGO
  • Group constitution, Resolution & duly signed minutes
Apply for VSLA Account Now!