Plot 140, Masindi Port road, Masindi Municipality

MADFA Sacco Savings Products

The product allows members to accumulate lump sums towards acquisition of an asset – livestock, land, process plants, hand tractors, motorcycles, etc conveniently in their localities.

Minor accounts

Minor accounts at MADFA SACCO are savings accounts opened for children under the age of 18, managed by a parent or guardian. These accounts are designed to promote a saving culture early in life, helping parents save for their children’s education and future needs, while also earning interest on the savings.
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Demand deposits

Demand deposits are available to individuals, community-based organizations, such as VSLAs, associations, SFGAs, ACEs, RPOs, and also to institutions, such as churches, schools, and similar organizations.

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Product benefits

  • Low cost of opening an account
  • Safe deposits
  • No transaction charges
  • Financing to institutions, groups and individuals
  • Convenient access to savings
  • No complexity of transaction paperwork

Time deposits

Time deposits include fixed deposits (3 months 2 years) and bonus accounts (above 2 years), such as for retirement.

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Product benefits

  • Competitive interest rates of up to 19.2% per annum
  • Term deposits can be rolled over as client enjoys interest
  • Can be used as a security for loan
  • No transaction charges
  • Convenient access to savings

Programmed deposits

This savings account is linked to a loan product for members to attain their dream assets such as land, a house, agriculture machinery, or to pay school fees in time.

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Product benefits

  • Access to asset-financing loans and/or school fees loan
  • Members earn interest as they accumulate school fees or funds to purchase the asset
  • No transaction charges

MADFA Sacco Loan Products

Major Loans

MADFA SACCO provides a range of loan products tailored to meet the diverse financial needs of its members. These loans are designed to promote economic empowerment, improve livelihoods, and support both personal and business growth. Below are some of the key loan products.

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Agriculture financing

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Asset acquisition loans

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MADFA Sacco Loan Products

Agriculture financing

MADFA SACCO's agriculture financing products (including the "Lima loan", "Rice loan", "Commercial agriculture loan", "Livestock fattening loan" and "Tooza Akatale") are designed to facilitate members acquire investment capital to increase agriculture (crop and/or livestock) production and productivity.

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Product benefits

  • Faster loan processing speed
  • Disbursements structured to accommodate production cycle
  • Free trainings in agronomy, financial literacy, and onsite technical support
  • Contract farming opportunities
  • Linkage to attractive markets
  • Repayment plans structured to accommodate client’s cash flows
  • Crop insurance opportunities
  • Credit line opportunities available to manage emergencies
  • Informal collateral security accepted

Business loans

MADFA SACCO's business loans include the "Biashara" loan and the "SME loan. By offering these loans, we provide micro- and small-scale entrepreneurs financing opportunities to enable them access working capital to restock businesses for a more sustainable operation.

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Product benefits

  • Faster loan processing speed
  • Grace periods available
  • Credit opportunities to manage emergencies
  • Attractive interest rates lexible repayment based on cash flows
  • Multiple disbursements can be arranged
  • Informal collateral security accepted

 

Micro leasing

Our micro leasing loan product is linked to a programmed savings account that requires a member to save a certain sum of money in order to reach the purchase of a specific asset. At the end of the savings term, a member can be availed a maximum loan of three times the savings accumulated to purchase a dream asset, such as land, a house, agricultural processing equipment, and other assets.

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Product benefits

  • In case of no loans taken out, client is paid the entire savings with interest
  • Use savings to acquire a loan to purchase dream asset
  • Competitive interest gained on the savings account
  • Loan is assured if the person saves regularly the monthly installment
  • Promotes a positive savings culture

 

Consumption loans

Consumption loans include quick loans and loans for school fees and emergencies. The products are designed to enable members to pay school fees in time, meet social obligations and/or respond to emergencies, such as sickness.

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Product benefits

  • Loans approved within 4 hours
  • Fallback position to respond to emergencies
  • Flexible repayment based on cash flow
  • Product available as credit to outstanding clients
  • Informal collateral security accepted

Women and youth loans

This loan product was developed specifically to affirm actions towards enabling women and youth to access loan products. Women and youth farmers, processors and value chain actors are at the centre of this product.

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Product benefits

  • No requirements for compulsory savings
  • Free access to trainings in agronomy, entrepreneurship and financial literacy
  • Access to support functions, such as health education and nutrition programs
  • Linkages to remunerative markets
  • Access to credit for school fees loans, health, and others.

Green financing

This is a new loan product available to members who wish to engage in climate-smart agriculture, such as greenhouse farming and irrigation, and/or procure clean energy technologies, such as solar, biogas and energy-saving solutions.

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Working dates and hours

Mon – Fri 8:30am to 5:00pm
Saturdays 8:30am to 3:00pm
Closed on Sundays
Closed on public holidays

Quick Links
Contact Information

MADFA Cooperative Savings and Credit Society Limited
Plot 140, Masindi Port road, Masindi Municipality
P.O Box 301, Masindi
Tel: 0393 215318
E-mail: madfasacco@yahoo.com

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