BOSA Services

Manages savings and loans. Loans are tied to deposits and guarantorship. Suits loans from financial growth and credit.

Key BOSA Services

• Member Saving (share/deposit)
• Every member holds a minimum share capital of 11,600/= and contributes monthly deposits (Butali sugar employees – 3,500/= minimum, non-Butali sugar employees -1,500/=)
• Savings determine how much a member can borrow.
• Members earn dividends/interests annually from the savings.
• Dividends – share capital.
• Interest – share deposit.
• Loans to members
• Loans are issued based on members’ deposits. Repayments are made monthly.
• Guarantorship – Members guarantees each other’s loans using their deposit.