Registration

  • How can you join UHAMIAJI SACCOS?

    To join the UHAMIAJI SACCOS you need to consider the following things:

     Be an employee of the Tanzanian Immigration Department with permanent or contract employment.
     Pay the entrance fee which is only thirty thousand shillings (30,000/=) payable only once throughout the membership period.
     Fill out the membership application form and attach a recent passport size photograph.
     Buy at least twenty (20) Shares worth two hundred thousand shillings (200,000/=).
     After joining, you will be required to start contributing monthly contributions (Savings) of which the minimum contribution amount is fifty thousand (50,000/=), but you can increase the amount of monthly deductions according to your salary capacity.
    Remember: when the contribution rate is high, the ability to borrow a large amount of money also increases to enable you to meet your needs.

  • How is the payment of Entry, Shares and Contributions (Savings) made?

    Payment of admission, Shares and Monthly Contributions are made through deductions from the Member's salary after the Member fills out the deduction form or by depositing the amount via our bank accounts

Loans

  • After how long can a new member ask for a loan?

    A new member can borrow from UHAMIAJI SACCOS after completing the entrance payment, all twenty shares with a value of not less than TZS 200,000/= and keeps Savings (contributions) continuously for more than three (3) months. 

  • Is there a specific loan limit for members?

    The maximum amount of borrowing that has been set by the Party through the decisions of the General Meeting is TZS 50,000,000 (Fifty Million only). But that level will depend on the ability of the net balance (Net Salary) that the Member has to be able to deduct loan repayments through his salary. The borrowing rate will be three times the total savings that the member has in accordance with Rule number '#'. of Cooperative Societies of 2004 which states that the amount of credit to be provided by the Association shall not exceed three times the total savings of the Member.

  • How is the member's loan repayment done?

    Loan repayments are made by deducting the repayment rate from the Member's (Lender's) salary and not otherwise. The member will not be reimbursed through his other sources of funds. Unless he can reduce or pay all the loan through his other sources after submitting a request for that purpose in writing in the offices of the Association through the Credit Committee.
    Remember: that if the member reduces the loan, his repayment deduction rate will continue to be deducted from his salary as usual until all the debt is paid off.