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Malibu Cooperative Savings & Credit Society4th Floor, Doctors Park 3rd Parkland Avenue Safari com line: +254 (0)711 651 574 Airtel line: +254 (0)786 505 050 Email: info utabibusacco.org Website: www.utabibusacco.orgEPUKA
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01
Gather all necessary documents such as identification proof, address proof, and income proof.
02
Visit the nearest branch of the savings and credit society.
03
Request an application form for opening an account.
04
Fill out the application form with accurate and complete information.
05
Attach the required documents along with the application form.
06
Submit the completed application form and documents to the concerned authority.
07
Pay any applicable fees mentioned by the society.
08
Wait for the verification process to be completed.
09
Once the account is successfully opened, deposit the initial amount as specified by the society.
10
Familiarize yourself with the terms and conditions of the savings and credit society to make the most out of your account.

Who needs savings amp credit society?

01
Savings and credit societies are beneficial for individuals who want to save money and earn interest on their savings.
02
They are also useful for people who require loans at lower interest rates compared to traditional banks.
03
Small business owners or entrepreneurs who need financial assistance can benefit from savings and credit societies.
04
Individuals who prefer a more community-based approach to banking and want to be a part of a local financial institution may also find savings and credit societies appealing.
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People who value personalized customer service and a more flexible approach to banking may choose savings and credit societies over larger financial institutions.
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A savings and credit society is a type of financial institution that accepts deposits and provides loans to its members.
Savings and credit societies are required to file financial reports and other relevant documentation with the appropriate regulatory authorities.
To fill out a savings and credit society report, members must provide information on their deposits, loans, and financial transactions.
The purpose of savings and credit societies is to provide financial services to members who may not have access to traditional banking institutions.
Information such as member contributions, interest rates, loan terms, and overall financial health of the society must be reported.
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