Institutional Account
For schools, churches and organisations, including school fees collection
Product Overview
The Institutional Account is for schools, churches, cooperatives and other organisations. It gives your institution a secure account at Mubuga SACCO, and schools can use it to collect school fees from parents, who can pay at our offices or through MSACCO. Contact us to set up an account for your institution.
Key Features
Interest rates, minimum deposits and account terms must be confirmed with SACCO staff.
- For schools, churches, cooperatives and organisations
- School fees collection: parents pay fees straight into the school's account
- Parents can pay at our offices or through MSACCO
- Open with the registration certificate, 2 passport photos and a national ID per signatory, and UGX 40,000
Suitable For
- Schools collecting fees from parents
- Churches and faith-based organisations
- Cooperatives, NGOs and community organisations
How to Open This Account
Visit the Mubuga SACCO office at Nyakinama Sub-county, Kisoro District. Our staff will guide you through the requirements. Do not attempt to open accounts through unverified channels.
Frequently Asked Questions
What does an institution need to open an account?
The registration certificate, a resolution naming the authorised signatories, two passport-size photographs and a national ID for each signatory, and UGX 40,000 (share capital 10,000, membership fee 20,000 and initial deposit 10,000).
How does school fees collection work?
Parents deposit fees into the school's account at our offices or through MSACCO, and the school receives them directly. Confirm setup details with our office.