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About Us

Thuto Savings and Credit Cooperative Society is a Cooperative Financial Institution that is owned and controlled by members. The organisation is regulated by the department of cooperatives under the ministry of Trade and Entrepreneurship.

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Ordinary Loan

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ORDINARY LOANS

Every member is entitled to an ordinary loan amounting to a maximum of P300,000.00 (Three Hundred Thousand Pula only).

  • A member shall qualify for 3 times their ordinary savings (1:3).

  • Interest rate is 1.5% per month using amortization method.

  • Top-up can only be made after 12 months of servicing the loan.

  • A member shall be charged 5% on the balance for early clearance for not giving 3 months notice.

  • Monthly administration fee of P10.00.

  • Qualification is based on ability to pay.

Loan Amount Payment Period
< P200,000.00 60 months
> P200,000.00 72 months

LOAN INSURANCE

Term of Loan Life and Permanent Disability Cover
Up to 1 year (12 months) 0.84%
Up to 2 years (24 months) 1.60%
Up to 3 years (36 months) 2.37%
Up to 4 years (48 months) 3.10%
Up to 5 years (60 months) 3.85%
Up to 6 years (72 months) 4.78%
NOTE: THE LOAN INSURANCE IS A ONCE OFF PAYMENT.
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