NALU VISION MICRO FINANCE GROUP LTD

NALU VISION MICRO FINANCE GROUP LTD is rated 3 out of 5 in the category nonprofit organization management. Read and write reviews about NALU VISION MICRO FINANCE GROUP LTD. NALU- VISION FAITH BASED ORGANIZATIONS (FABAO’s)SACCO is Investment Club for NALU- Vision Micro finance Group Ltd. Individual and group business promotion Leviticus: 25:35-37 2016-2021 Promoting Christian in development/supporting income generation for wealth creation Target:30,000 households in both urban and rural areas of Uganda for agriculture as business for economic development. BACKGROUND NALU- VISION SACCO is a membership owned institution member controlled and benefit members .Established to promote sustainable development solutions to members of N-vision Micro finance Group Limited, and Christian Individuals and groups- youth, men and women in particular. MISSION Support Christian’s generation with financial facilities for economic development and growth. VISION To empower Christian communities through a strong co-operative among co-operatives. OBJECTIVES i. Provide financial facilities on convenient and affordable terms. ii. Support economically active poor for economically active economic investment. iii. Promote voluntary pool savings. iv. To assist the members in problems like sickness, death, school fees, weddings and among others. And to recover the same from the members savings account. v. To establish, promote in establishing or promoting any company or organization,the establishment as promoting any company or organization which shall be considered desirable in the interest of the society, and to subscribe for underwrite, purchase or otherwise acquire the states, stocks and securities of any such company or organization. CORE VALUES:- Transparency, Integrity, Quality services, Convenience, Professionalism and Accountability CONDITIONS FOR MEMBERSHIP:- • Going concern business activity. • Permanent residence at least 12 months. • Permanent workplace at least 12 months. • Introduction letter for your village L.C 1. • Above REQUIREMENTS FOR MEMBERSHIP:- • Provide three(3) passport size. • Accounting opening Shs.10, 000. • Membership fee Shs.20, 000. • Good will contributions and share ownership is encouraged at Shs.50, 000 per share. BENEFIT FOR MEMBERS • Receiving a loan between Shs. 500,000 and 50 millions. • Receiving a loan at low interest rates and carrying charges for late pay. • Paying back a loan within a convenient period of time. • Negotiating loan payment terms. • Improving business performance. • Raising working capital for business expansion • Gaining profits from successful business. • Qualifying for large loans • Reduce poverty • Solve personal financial needs • Business counseling to improve four financial soundness and profitability. ACTIVITIES FINANCED:- • Produce /farming/food security • Trading. • Transport business • Brick laying • Carpentry • Tailoring • Welding • Charcoal dealers • Airtime and mobile money dealers • Housing construction support loan • Land purchase • Salary loan • School fees loan • Capital loan • Social services support loan • Crisis management loan CONDITIONS FOR RECEIVING A LOAN:- • Be a member of NALU Vision SACCO with active savings for 4-8 weeks. • Hold at least 25% of the required loan in share as balance on your savings account. • Meet lending criteria and fees. PROPOSED AREAS OF OPERATION Based organizations’ (F ABAO’s) SACCO will operate in the following districts:- 1. Wakiso 2. Kampala 3. Mityana 4. Luwero For more information contact the NALU- VISION MICRO FINANCE secretary . Tel700 147 796 P.O.Box 24036- Kampala [email protected]