Salaried staff are important for the Somaliland economy and contribute to its growth. Employees face extreme difficulties in access their financial needs. Barwaaqo SACCO has tailor made specific products designed to advance access to their financial needs.
All employed staff regardless of their nature of work (Governmental, Corporate or NGOs) will have to save $50 each month of the calendar year, in order to enjoy below benefits.
Why join Barwaaqo SACCO’s Shaqaale 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
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
In formal and active employment contract
Meets and maintains Barwaaqo SACCO’s membership requirements, adheres to its constitution and subsequent procedures.
