Shares give you ownership in Y-Save and it is mandatory that each member should have at least one share and a minimum of 30 shares.
Members can purchase shares anytime by depositing money in the bank and indicating the number of shares they want to buy. Presently the price of the share is UGX 50,000.
The Benefits Include:
- The benefits of the shares account include the dividends earned at the end of the financial year as and when determined at the Annual General Meeting.
- A member’s shares can also act as security for the loan.
- A member can purchase shares at any time.