About Us
The Jinja Mafubira SACCO also known as JMT was started on 1st June 2020 as a saving & investment scheme by a group of hard working Teachers trained and empowered by KAWA.
Over time, the membership of the saving and investment scheme has grown to accommodate other community members who are actively involved in the activities and programs of education Quality.
Vision Statement
Mission Statement
A JMT Sacco member with a long-life income sources
To Support and mentor 60% of JMT Sacco member to maintain at least two sustainable sources of income by 2025
Objectives
Core Values
To increasingly teach the members the culture of savings constructively
Commitment, Humility, Integrity, Operational Efficiency, Customer Focus, Unity
School Fees Account
Are you one of those parents or guardians who has always dreaded that time of the year when you have to pay school fees? The JMT SACCO School fees Account is a solution designed to make back-to-school times enjoyable.
The JMT SACCO School fees Account grants you an opportunity to let your children’s present and future dreams come alive.
This account is for members who would like to put aside some of their savings specifically for educational purposes for themselves or their dependents.
Categories of School Fees Product
Short Term School fees Account:
This account is always on-going and withdrawals can be made whenever there is a need for school fees. This account makes termly school fees payments stress free.
The Short Term School fees Account earns an interest of 7% PA compounding interest.
Medium Term School fees Account:
The withdrawals on this account can only be made after saving on the account for a minimum of 5 years. This account also favors the parent who would like to start saving for their children while they are still infants.
The Medium Term School fees Account earns an interest of 8% PA, the interest compounding interest.
Long Term School fees Account:
The withdrawals on this account can only be made after opening the account for a minimum of 15 years. This account helps a parent save up for their children’s tertiary education.
The long Term School fees Account earns an interest of 12% PA on compounding interest.
Eligibility
- All JMT account holders qualify to open the school fees accounts.
- The account is opened under the parent’s name.
- A member can open the account for one or many children or for the member themselves.
The Benefits Include
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It’s easy to open
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it’s Affordable.
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No account maintenance or monthly charges.
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Saves the hustle of queuing up in the banks.
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Encourages disciplined savings towards school fees.
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No minimum deposit amounts.