Frequently Asked Questions

Qn. Can I access an application form online?
To get an application form you are required to come to the Y-Save office in person.

Qn. What does Y-Save mean?
Young Savers Association for Ventures and Enterprise

Qn. How can I join Y-Save?
To Join Y-save simply visit our offices and speaks to a designated staff who will also give you an application form. A registration fee and one share payable to the society is made and you can start saving immediately to enjoy our products and services as a member.

Qn. How long has the Y-Save been in existence?
Y-Save Sacco has been in existence since 2000.

Qn. What are the benefits of joining the Y-Save?
You will enjoy various products that will enable you to grow financially. There are also various savings and loan products that help you save and invest wisely.

Qn. Where does Y-Save draw its members from?
Y-Save Sacco draws its members from Watoto Church

Qn. How shall we benefit from the shares that we buy?
Shares attract dividends and the rate is determined by the board of directors at the end of every financial year. When you buy shares, that's when you are recognized as a shareholder and in this case one of the owners of the organization. Buying shares is a life time investment that can be passed over to your children and great grandchildren. Shares can also be used as security when a member needs to take a loan.

Qn. Are there top up loans?
A member can be allowed for a top up loan or to re- apply for a fresh loan only when he/she has serviced a given percentage of the previous loan amount.

Qn. What do I need to get a loan?
You must be a Registered Member. You must have been an active saver for at least 6 months. You must have security in form of shares and savings then provide the following:
- Filled copy of loan application, Current pay slip, bank statement and Loan Loan application fees then a business plan may be required in-case you are taking the loan for a business investment.

For More Information Contact Us:
YSave Block 667, Suite A, Buganda Road Flats, P.O.Box 37191 Kampala, Tel: +256414250878, E-mail:admin@y-save.org