Pnut Village Savings Product
We offer a range of savings products designed to meet your financial goals. Whether you're saving for a rainy day or planning for the future, our offerings provide flexibility and security.
Benefits and features:
- Financial Security and Peace of Mind.
- Long-term Wealth Creation and Growth.
- Inclusive Investment Opportunities
- Community Support and Social Responsibility
The Tsitoe Savings Account offered by PGC Academy is a well-structured savings plan that encourages financial discipline and long-term commitment. This product requires regular, fixed deposits and imposes restrictions on withdrawals to encourage disciplined saving.
Key features and benefits include:
- – 12-Month Savings Goal: Designed to help individuals, groups, and businesses achieve their savings targets within a one-year period, fostering a habit of consistent saving.
- – Withdrawal Penalty: To discourage premature withdrawals and promote disciplined saving, a 20% penalty is imposed on funds withdrawn before the prescribed 12-month period. This incentivizes account holders to stay committed to their savings goals.
- – Flexible Minimum Savings Plan: With a minimum contribution of M10.00, the account is accessible to individuals and groups with varying financial capacities, making it inclusive and encouraging saving at any level.
- – Group Savings Account: Allows for group participation, where members' contributions are pooled into a linked account. This feature promotes a sense of community, accountability, and collective goal-setting.
- – Annual Membership Fee: The M120.00 annual membership fee serves as a commitment to the savings plan and contributes to the sustainability of the program.
- – Social Fund Option: Account holders have the option to allocate 20% of their contributions to a social fund, fostering a sense of community responsibility and collective well-being.
The Thabure Investment Account is designed for those looking to grow their wealth through strategic investments. This account offers tailored investment opportunities and expert advice to maximize returns.
Key features and benefits include:
- – Minimum Contribution: M10.00.
- – Allocation: 60% for investment in private credit portfolio, 30% in self-insure products, and 10% in events.
- – Non-Withdrawal Deposit Range: M3,600.00 to M20,000.00.
- – Termination Policy: 1-year notice if not completed 60 months of membership with a maximum 20% penalty.
- – Cash Back Bonus: Eligible for a bonus if interest payments within a year equal 60% of the initial loan, with 40% of excess interest going to the social fund, and the rest taken as a bonus.
- – Credit: Members can borrow money based on PGC Academy’s credit evaluation policy.
- – Group and Individual Link: Linked into Mokhatlo Mpesa account for payments, avoiding cash handling.
The Lekena Super Savers Account is tailored for individuals seeking a high-yield savings option. This account offers competitive interest rates and flexible terms to help you maximize your savings.
Key features and benefits include:
- – Age Eligibility: 0-25 years.
- – Minimum Contribution: M10.00.
- – Compulsory Social Fund Accumulation: 20% of contributions allocated to a social fund.
- – Competitive Interest Rates: Earn higher interest on your savings compared to standard savings accounts.
- – Flexible Terms: Choose from various savings terms that suit your financial needs and goals.
- – No Minimum Balance: Start saving without the pressure of maintaining a high minimum balance.
- – Easy Access: Convenient access to your funds through our banking network.
- – Secure Savings: Your deposits are protected, ensuring peace of mind.
The Lebeoana Adolescents Savings Account is specifically designed for young savers. This account aims to teach adolescents the importance of saving and financial responsibility from an early age.
Key features and benefits include:
- – Educational Support: Resources and workshops to educate young savers on financial literacy.
- – Parental Oversight: Parents can monitor and guide their children's savings activities.
- – Reward Programs: Incentives and rewards to encourage regular saving habits.
- – Low Minimum Deposit: Start saving with a small amount, making it accessible for young savers.
- – Safe and Secure: Ensures that the savings of young account holders are protected.
The Village Savings and Lending Association (VSLA) provides access to finance for women and youth, leveraging traditional village savings practices.
Key features and benefits include:
- – Self-Insured Services: Includes credit life insurance, life insurance, and index-based insurance for agricultural ventures.
- – Revenue Streams: Generated from savings account management fees, investment products, and insurance service commissions.
- – Community Development: Enhances sustainable community economic development and job creation for women and youth.
- – Capacity Building: Offers training on financial literacy and social entrepreneurship.
