Currently, our fully subscribed members enjoy the following benefits:
- Subscription Loan equivalent to 3x their subscription, secured by approved guarantors among fellow subscribers. It’s a short-term loan ( max 3 months ) at 10% monthly interest. UGX 7.6m subscription loans have been taken by 12 members since its launch in June 2022.
- Access to Uncles’ Education Fund if their children are in their final term of S.4 and require assistance with school fees arrears. The group gives an interest-free loan capped at UGX 1 million to members applying for the Education Fund, which is payable within 6months. One member has so far benefitted from this initiative.
- Wedding Contributions from all members. Over 3 members have benefitted from this initiative.
- Funeral expense contribution for members who lose immediate close family members( parents, siblings, children, spouse) or in the event of a member’s death. All WhatsApp group members contribute via mobile money. Over 15 members have benefitted from this initiative since 2016.
- Member’s Medical bill contribution in case of surgery or hospital admission. Over 5 members have benefitted from this initiative.
Group Account Number:
01411114449012 , DFCU Bugolobi branch
Name: Entare 89-92 Investment Club.
This account handles subscriptions, investment club deposits, and Loan repayments.