The society was founded in 2008 under the Cooperative Society Act (Cap 42:04) as a Savings and Credit Cooperative Society. The objective of the Society is to promote a culture of saving among its members and to create thereby a source of funds from which loans and withdrawals can be made exclusively to members for provident and productive purposes
Savings contributions are made monthly directly from member’s salary.
The society has Board members and sub committees as a means of internal control. SACCOS members can save money and use the savings to apply for low-interest rates loans, at a predetermined savings-loan ratio. Withdrawals may also be allowed but are not encouraged. Members can benefit from simple loan terms and conditions. SACCOS offer members better interest rates if members need a loan during these challenging times.
BOSETU SACCOS has three (3) products, namely, Montsamaisa Savings, Thobo Savings and Bokamoso Savings
BOSETU SACCOS offers a wide range of loans at competitive rates, this includes the following;
Caters for your social needs at P2000.00 maximum limit
Maximum limit is P10 000.00 payable within 12 months
Maximum loan limit is P100 000.00 with 60 months repayable period
BOSETU SACCOS Encourages Responsible Lending and We Are Your Preferred Savings and Credit Partner