Most Commonly Asked Questions About Us.
Who can join BPOSACCOS?
Government Employees
- How much is the joining fee?
Joining Fee is P100.00 and a shareholding of P500.00
- How do I join BPOSACCOS?
Fill out membership, funeral cover and KYC forms. Attach certified copy of ID, current pay slip, confirmation of physical address and confirmation of employment
- Why should you join BPOSACCOS??
A SACCO is unique, democratic, member driven and self-help cooperative organization. SACCO members are the owners and they decide how their money will be used for the benefit of each other.
- What are the benefits of joining BPOSACCOS?
Members enjoy shareholding in BPOSACCOS, interest on savings, a reasonable funeral cover policy, and access to different types of loans with low loan interest rates.
- What is the minimum saving amount at BPOSACCOS?
The minimum amount of monthly savings is P50.00
- What is the maximum saving amount at BPOSACCOS??
There is no maximum savings amount. Members save according to their affordability
- How much do I need to save to qualify for a loan with BPOSACCOS?
You need to maintain regular savings with BPOSACCOS for twelve (12) months to qualify for its loan products.
- Does BPOSACCOS loans require security?
No, members are required by buy Credit Cover for all new loans that covers permanent disability and death.
- What is the highest amount I can borrow?
BPOSACCOS offers loans of up to P500 000.00 with a loan ratio of 1:4
- I am I allowed to withdraw from my savings?
Yes, you are allowed to withdraw one third (1/3) of your savings every 12 months provided you do not have an existing loan.
- Can a member of BPOSACCOS have a dual membership?
Yes, it’s possible with the approval of The Director of Department of Cooperatives.
- What happens to my membership when I retire?
One can choose to continue as a retiree. To continue, a member must notify BPOSACCOS in writing and on receipt of BPOSACCOS banking details create a stop order with their bank for monthly savings contributions.
- Where is the BPOSACCOS Office located?
BPOSACCOS is located in Fairgrounds, Plot 50667, Block B
- Where can I access application forms?
To access application forms, visit www.bposaccos.co.bw under the downloads tab.