• [email protected]
  • Movit road, Zana, Bunamwaya Off Entebbe Road, Kampala
  • Opening: Monday - Friday (8AM - 5PM)

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Welcome to Movit Products Employees SACCO!

Movit savings and credit cooperative society is a Savings and Credit Cooperative Society duly registered with the Registrar of Co-operative societies under certificate number 12149/RCS. Its a voluntary and democratic financial institution formed and funded by the members themselves who fully own and operate according to the operational and procedural policies with an aim of improving their members social and economic growth.

It operates on 7 cooperative principles, Co-operative Societies Act as amended 2020 and Co-operative Regulations of 1992. Its fully affiliated to Uganda Co-operative Savings and Credit Union Ltd (UCSCU).

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Our Core Values

These core values guide our actions, shape our culture, and define our commitment to transforming the lives of our members through accessible, affordable, and innovative financial services.

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Integrity

Upholding honesty, ethics, and moral principles in all interactions and decisions.
01

Customer Focus

Placing the needs and satisfaction of customers at the forefront of all operations and services.
02

Innovation

Embracing creativity, forward thinking, and continuous improvement to drive progress and meet evolving needs.
03

Transparency

Fostering open communication, honesty, and clarity in all dealings with stakeholders.
04

WHAT WE DO

Products & Services

products and services

Loan Products Services

We provide a variety of loan products and services to assist members in achieving their financial goals efficiently
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products and services

Savings Products

we offers a diverse range of savings products to meet members' financial needs
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products and services

Member Protection Services

Every approved loanee is required to make a loan protection contribution for the purpose of security
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EXPLORE MORE PRODUCTS

No matter where you are in life, it’s never too late to make saving a priority

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Savings Products

1. Monthly Mandatory Savings Account.

This account is majorly for salary earners and any other individual who may wish to have a defined monthly saving.

Requirements Benefits
  • Filled Membership form.
  • ID and 2 passport size photos.
  • Opening fee 10,000=
  • At least 10 shares equivalent to 100,000=
  • Monthly saving of at least 5% of basic revenue.
  • Minimum saving 50,000=
  • Savings earn attractive interest annually.
  • Shares earn dividends annually.
  • Open access to 30% of savings once annually.
  • Free Account statements and balance inquiry.
  • Qualify for a loan and can also guarantee a loan.

2. Voluntary Savings.

This is an account owned by a legitimate natural person opened to save money for his or her daily business operations.

Requirements Benefits
  • Filled Membership form.
  • ID and 2 passport size photos.
  • Opening fee 10,000=
  • At least 10 shares equivalent to 100,000=
  • Minimum monthly deposit 20,000=
  • Minimum savings balance 50,000
  • Savings earn attractive interest annually.
  • Shares earn dividends annually.
  • Savings can be accessed any time.
  • Free Account statements and balance inquiry.
  • Qualify for a loan and can also guarantee a loan.

3. Joint Savings account.

This account gives privilege to 2 persons to hold joint shares with MESACCO, they subscribe shares, save and obtain loan like any other natural person.

Requirements Benefits
  • Filled Membership form.
  • IDS and size photos for the 2 members.
  • Signature Mandate letter.
  • Opening fee 15,000=
  • At least 10 shares equivalent 100,000=
  • Minimum monthly deposit 40,000=
  • Minimum available savings balance 100,000=
  • Savings earn attractive interest rates.
  • Shares earn dividends.
  • Savings can be accessed any time.
  • Free Account statements and balance inquiry.
  • Qualify for a loan however not acceptable to guaranteeing a loan.

4. Group/Company savings account

This account gives privilege to informal group of persons to hold shares with MESACCO, they subscribe shares, save and obtain loan like any other natural person.

Requirements Benefits
  • Filled Membership form.
  • 2 passport size photos (Signatories).
  • IDS for signatories (Aged 18 years of age).
  • Minutes and Constitution/Byelaws.
  • Mandate letter & members list attached.
  • Registration Certificate (Sub County level).
  • Opening fee 20,000=
  • At least 10 shares equivalent to 100,000=
  • Minimum monthly deposit 100,000=
  • Minimum savings balance 150,000=
  • Savings earn attractive interest rates.
  • Shares earn dividends.
  • Savings can be accessed any time.
  • Free Account statements and balance inquiry.
  • Qualify for a loan.

5. Fixed deposit account.

As a complementary investment strategy for our members, we have a fixed deposit account where money can be fixed   to earn fixed interest.

Requirements Benefits
  • The minimum required balance is 5,000,000= with unlimited maximum.
  • The minimum period for fixing is 6 months with an unlimited maximum period
  • Doesn’t require extra share subscription
  • Earns attractive interest rates.
  • Withdrawable at close of specified time.
  • Free Account statements and balance inquiry.
  • Qualify for a loan and guaranteeing a loan.

6. Junior savings account.

Parents and guardians can save for their children for future education and nurture in them a saving culture at an early age, the age for this product ranges from 0-18 years of age.

Requirements Benefits
  • Filled Membership form
  • 2 passport size photos (Guardian & Child)
  • IDS both Guardian & Child
  • Opening fee 5,000=
  • At least 10 shares equivalent to 100,000=
  • Minimum monthly deposit 10,000=
  • Minimum savings balance 10,000=
  • Guardian to control the account
  • Attractive interest on savings annually.
  • Attractive Dividends annually
  • Free withdraw twice a year.
  • Free Account statements and balance inquiry.
  • Free internal transfer.