Glory Personal development loan
This is given to members who are doing personal development activities like buying land, building personal houses, vehicles, and house hold
equipment (items).

The following applies to the acquisition of personal development loans:
(a) The maximum amount of principle amount guaranteed to the member shall not exceed 10 times a member’s share capital or fixed deposit amount
(b) Currently, the maximum amounts of principle development loan is shillings 10 million. (c) Any amount exceeding Uganda shillings 500,000 shall
require collateral/security unless such a loan is fully covered by members share capital/fixed deposits and such member has not guaranteed anybody.
(d) A minimum of two guarantors is required unless such loans are fully covered by member’s shares or fixed deposit amount and such a member has
not guaranteed anybody.
(e) The maximum repayment period is eighteen (18) months.
(f) An affidavit signed by the society‘s lawyer is required if the payment period exceeds eighteen (18) months
(g) Interest rate is 3% per month on flat rate
(h) Loan processing fee of 1% shall be charged
(i) Insurance of 1% of total loan shall be charged
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Fixed Deposit
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LAON PRODUCTS
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Business Loan
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Individual Loan
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Group Loan
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School Fees Loan
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Emergency Loan
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Taka Loan
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INVESTMENT PRODUCTS
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Land
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Banking Services provided by Glory Savings and Cooperative are monitored by the Registrar of Cooperatives.
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At Glory Sacco Ltd, we take pride in providing our client's personalized financial services. Celebrating 6 years of combined...

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Saving Facilities

Voluntary Saving
Fixed Deposit
Harvest Super Save

  
Loan Facilities

Business Loan
Individual Loan
Group Loan
School Fees Loan
Emergency Loan 
Investment Facilities

Shares

Land

  
Our Contacts

Glory House, Kasubi - Kawaala Lane, Plot 5167, Kampala.
P.O.Box 9543, Kampala, Uganda
Tel: (256) 0752-129501
Mobile: (256) 0704-050229
E-mail: glorysavingsandcredit@gmail.com
Monday - Friday: 8:30 AM - 17:00 PM
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