Shepherd Isusu
This is a daily cash contribution, available to individuals, traders, artisans, Motorcycle riders (Okada), Tricycle Riders (KEKE), Apprentices, other small businesses, unions, clubs and groups.
Features
- Minimum daily deposit of #200
- Collection takes place at customer’s place of business on daily basis.
- Freedom to withdraw from account at any time, but if allowed for a long time may yield investment fund.
Benefits
- Encourages savings; if left for a longer period without withdrawal attracts interest depending on duration.
- Serves as collateral for loan and held as lien for loan facility granted.
- Account holders accumulates huge funds without having the effect of the little contributions made daily as thrift.
- Attracts branded gifts if no withdrawal for 365 days and with minimum balance of =N= 100,000.00.
