UNABSEC SACCO

About the UNABSEC SACCO

Uganda Building and Civil Works Contractors Cooperative Society (UNABSEC SACCO) was established in 2017 with the objective of harnessing savings to provide investments and affordable financial services to the members of UNABSEC and their employees.

Vision

To be the leading Contractors’ financial institution in Uganda for mobilizing savings and providing dedicated financial products and services to her members.

Mission

To provide effective financial solutions by ensuring high quality, prompt and affordable credit facilities to members.

 

 

Benefits of joining the UNABSEC SACCO

  1. Access to low interest loans within the shortest time possible,
  2. Members enjoy interest rates above prevailing bank rates on saving,
  3. Undertake investments jointly as a group and benefit from economies of scale,
  4. Negotiate favorable interest rates and credit terms from financial institutions as a group,
  5. Acquire assets at favorable terms,
  6. Get better returns on savings to be availed as interests and dividends,
  7. Members enjoy welfare facilities and resources that the society will offer,
  8. Access bank guarantees at subsidized rates to support bid requirements,
  9. Members enjoy capacity building trainings and workshops in financial and human resource management,
  10. No collateral requirements for securing the loans,
  11. Working in partnership to ensure non failure in delivering contracts.

 

Membership Categories of UNABSEC SACCO;

  1. Corporate members (All registered members of UNABSEC)
  2. Individual Members (Directors and employees of all companies registered with UNABSEC, Staff of UNABSEC Secretariat, and SACCO secretariat)

How to become a member

Fill and return the membership application form to UNABSEC Secretariat with the following attachments; Click here to download the form 

  1. three recent passport sized photographs (for individual membership)
  2. a copy of certificate of incorporation (for corporate membership)
  3. a copy of the national ID/passport ( for individual membership)
  4. a copy of the UNABSEC membership certificate ( for corporate membership)
  5. a letter of recommendation from the MD/CEO of the parent company (for individual membership)
  6. Pay fees as below;

UNABSEC SACCO Membership fees at the beginning:

MEMBERSHIP CATEGORY

REGISTRATION FEES (Ugx)

MINIMUM SHARES @ 50,000 Ugx

MINIMUM SAVINGS (Ugx)

CORPORATE

100,000

20 (1,000,000Ugx)

100,000

INDIVIDUAL

100,000

3 (150,000Ugx)

50,000

All payments by cheque shall be written to UGANDA BUILDING AND CIVIL WORKS CONTRACTORS COOPERATIVE SOCIETY LIMITED or by Bank Transfer/deposit to Acc. No. 01173675767298 DFCU BANK, LUGOGO BRANCH.

Contact the UNABSEC SACCO Secretariat

Email: contractorssacco@unabsec.co.ug

Tel.:+256 392 795036

We save and Grow together!!!