At Lukhotse Savings & Credit Co-Operative Society, we offer several Savings products or Savings plans to our members. Our members enjoy high-interest rates on their savings and they also have the added benefit of accessing various loans, against their savings. See our various savings products below:

Join our co-operative society today and begin your journey to financial freedom.

Our Savings Products

Ordinary Savings

Minimum savings shall be E150.00 monthly and savings withdrawals shall not be allowed except in the vent of resignation. Interest on savings shall be paid annually and the management committee shall fix the rate from time to time.

Education Savings

Members are encouraged to save money towards education loans and can borrow up to 2 times their savings over and above the stipulated E8000.00

DEMAND SAVINGS

These are optional savings which have a 5% interest per annum. Members are provided with an option to save for specific projects and they have the ability to withdraw the money.

Our Savings Policy

Savings Policy

  1. 1. Minimum savings shall be E150.00 monthly.
  2. 2. (a) Savings withdrawals shall not be allowed except in the event of resignation where the member shall be required to give 30 day’s notice in writing of his/ her intention to resign.
    (b) Savings withdrawals shall be allowed only when the 2 times members’ savings exceeds the limit of E150 000.
  1. 3. Interest on savings shall be paid annually and the management committee shall fix the rate from time to time.
  2. A member will not be allowed to off-set any loan with his/her savings except for ordinary loan and only if the savings are equivalent to the loan or are above the loan and such shall be approved by the credit committee.