Pamoja USD Savings (Deposits) Account

Pamoja USD Savings (Deposits) Account

To fulfill our members’ desire to save in dollars and borrow dollar-denominated loans without loss in value, KUDS has introduced new products tailored for our diaspora community. The USD savings product is specifically designed for members who wish to preserve the value of their money and plan to borrow dollar-denominated loans in the future.

Features of Pamoja Savings Account

  1. This is a USD-denominated savings account.
  2. Funds are maintained in USD in the member’s account.
  3. Minimum contributions:
    • $50 monthly or
    • $150 quarterly or
    • $300 half-yearly or
    • $600 annually
  4. A 60-day notice is required for withdrawing membership and accessing the funds.
  5. The Pamoja Savings Account is optional.

Loan Products