In Marchuwa Microfinance, we offer three types of savings accounts, each designed to cater to different needs. You can choose from our flexible and beneficial savings options:
Voluntary Saving
Voluntary savings accounts offer flexibility and convenience for our clients. You can save any amount, anytime, and earn interest on your deposits. This account is ideal for individuals looking to manage their finances effectively and build a secure future. Enjoy easy access to your funds with no restrictions on withdrawals.
Compulsory Saving
Compulsory savings are mandatory for loan clients. This type of saving ensures that clients have a reserve fund, promoting financial discipline and security. The savings are collected regularly and serve as a guarantee for loan repayment. These savings also earn interest, providing added financial growth over time.
Time-based Saving
Time-based savings accounts are designed for clients who wish to save a fixed amount over a specified period. These accounts offer higher interest rates compared to regular savings and help clients achieve long-term financial goals. Withdrawals are restricted until the maturity date, ensuring disciplined saving behavior.