Savings products

In the savings and credit cooperatives, the major concern of leaders is to achieve profitability with finality as to expand its services to many members. For this reason, to get there, that the Cooperative is to provide its members a wide range of savings products. The most practiced in the CPF INEZA are:
Savings in unpaid view and is available at any time whenever the applicant expresses the need;
Savings term savings or blocked for a certain period, which can also be used as collateral to access credit.
Add other savings products (Savings See Manual)

Operational management of savings within CPF INEZA

When opening an account, the deposit slip, savings and credit have a reference number for the account of the member / customer.
Savings are of two types:
– Savings on unproductive current account interest;
– Savings on a productive term account interest commonly said escrow account;

Access to savings products

The conditions for access to savings products are:
– Be a member and have paid the full share;
– Have a savings account;

Types and characteristics of savings products

Type / name Features
1 Savings on a current account or current account – non-interest
– Minimum Frw 1000
2 Savings on a futures account or escrow account interest Productive
3 Mandatory Savings / deposit Compulsory savings of 10% of credit amount granted as pledged up to the clearance of credit serves as security deposit for those who benefited from the loans.
4 Special Savings Credit (ESC) prior savings for obtaining a specific credit: investment credit, tuition, household equipment, health mutual, ect.
A child 5 Epargne define its characteristics
6 Products of savings that you have their characteristics

Credit

Minimum control Principles of the NBR regarding credit management

In general, the internal control system of a financial institution should have the following characteristics with regard to credit management. Each financial institution under the supervision of the Central Bank should develop a set of policies, practices and control derivatives of these minimum principles.

Credit Policy

The CPF INEZA established written policies regarding credit management.
Resources have been developed to communicate rapidly to all persons involved in the credit management process, policies and practices governing the credit risk. This is why the complete credit policy this Manual document for administrative and financial procedures.