P-Konnect / Twezimbe / Group Savings Account
Our P-Konnect, Twezimbe, or Group Savings Account is a specialised product designed to foster group savings and empower individuals and communities to achieve personal development goals.
This account offers a unique blend of competitive interest rates, individual loan accessibility, financial empowerment, and valuable connections with development opportunities.
Key Features
1. Group Savings Facilitation: This account is tailor-made for group savings, allowing members to collectively work towards their personal development goals, whether it's for education, investments, or other aspirations.
2. Competitive Interest Rates: Enjoy competitive interest rates on your savings, with the interest apportioned to both individual and group members. This ensures that everyone benefits from the group's savings efforts.
3. Independent Loan Access: Every individual within the group can independently access loans, providing financial flexibility to cater to personal needs and goals.
4. Affordable Loans with Attractive Repayment Terms: Access affordable loans with attractive repayment terms, making it easier for members to address financial challenges or seize opportunities for personal development.
5. Dedicated Relationship Officer: Receive personalized assistance and guidance from a dedicated relationship officer who can help you navigate the financial aspects of your group savings and loan requirements.
6. Financial Literacy Training & Capacity Building: Gain access to financial literacy training and capacity-building programs that empower group members with valuable financial knowledge and skills.
7. Convenience and Flexibility: Enjoy the convenience and flexibility to carry out day-to-day transactions with ease, ensuring that your group's financial activities are streamlined.
8. Valuable Connections with Development: This account opens doors to valuable connections with development opportunities, ensuring that group members can tap into resources and networks that support their personal and community growth.
9. Individual Loans Guaranteed by Group Members: Group members can provide guarantees for individual loans, enhancing loan accessibility and facilitating responsible lending practices.
Required Documentation & amount to open up
To open a P-Konnect / Twezimbe / Group Savings Account, you will need the following:
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Valid Identification Card
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Passport-size Photo
Opening this account is accessible and affordable, with opening fees totaling 40,000. The breakdown is as follows:
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Membership Fee: 10,000
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Initial Share: 30,000