Frequently asked questions

Young Savers Association for Ventures and Enterprise

Y-Save has been in existence since 24th January 2000.

Y-Save draws its members from Watoto Church

For one to join Y-Save, you MUST be a Watoto Church member belonging to a home cell and actively involved in ministry.

An individual upon qualifying to join Y-Save, will obtain an application form, fill it in with the required recommendations, then submit it for approval. Upon acceptance, a registration fee and one share payable to the society is made and you can start saving immediately to enjoy our products and services as a member.

Yes, you can contact the Y-Save office by e-mail or on our social media platforms.

As a Y-Save member, you enjoy various products that will enable you to grow financially. Our savings and loan products help you save and invest wisely. Y-Save gives you access to a network of like-minded professionals.

Shares attract dividends at the end of every financial year. Shares can also be used as security when a member takes a loan.

As a shareholder, you are one of the owners of the organization. Buying shares is a lifetime investment that can be passed over to your children and great-grandchildren.

You must be a Y-Save Member and actively saving for at least 6 months. Accepted security includes Y-Save shares, savings, and property in form of land.

You provide the following:

A filled copy of the loan application form, Current payslip, bank statement. A business plan may be required in case you are taking a loan for business investment. You will also be charged loan application fees.

A member can be given a top-up loan or re-apply for a fresh loan only when the member has serviced a given percentage of the previous loan amount.