Tes-Tes Savings Account
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Tes-Tes Savings Account
Business Development Savings Account
Type of product: Savings / Deposit
This is a business and entrepreneurial development account.
Targets businesses or individuals getting regular daily income such as:
- Small scale/micro tradesmen
- Market women
- Shop keepers
- Women kafoos
Key Features:
- Encourages saving and capital formation among small-scale businesses in the informal sector.
- Regular deposits on daily, weekly or monthly basis e.g. D100, D1000.
- SFL will provide special financing support to account holders planning to expand their business
- Maximum of two withdrawals within one month.
Benefits:
- Encourages capital formation and opportunity to expand business
- Enables the account holder to save for future
- Secure savings scheme that will attract good profit
- Can be pledged as security for borrowing
