Skilled laborers and unskilled laborers play an important role in the construction projects and in the economy as a whole. They may include: national technical staff, such as project managers, engineers, and construction foremen. They may also include migrant workers from outside Somaliland, local community members, female workers, IDPs, waste collectors, and people with disabilities.
Barwaaqo SACCO’s Xoogsato Stream is designed to expand access to finance to the underserved market of skilled and unskilled labourers within Somaliland.
Those who subscribe to Barwaaqo SACCO’s Xoogsato Stream will have to save $30 each month of the calendar year, in order to enjoy below benefits.
Why join Barwaaqo SACCO’s Xoogsato Stream
Access to affordable Finance of four times of savings
Annual dividends on Share Capital
Group guarantee system
Emergency, interest-free loan advance of up to 20% of one’s savings
Room for daily saving of $1 a day
Who can join Barwaaqo SACCO’s Shaqaale Stream
Somaliland citizen, or foreign individual with legal stay permit
Over 15 years of age
Declares source of halal income
Has record of good conduct
Engages in a formal or informal labor
Meets and maintains Barwaaqo SACCO’s membership requirements, adheres to its constitution and subsequent procedures
