Impact Savings Village Banking - Constitution Summary
- Share Price: ZMW 200.00 per share
- Maximum Shares: 40 shares per month (after first 3 months)
- Service Charge: 20% simple interest on loans
- Maximum Loan: 2x your share value (3x with external borrowing)
- Loan Terms: 3 months for K1-K6000, 6 months for K7000+
- Cycle Duration: 11 months with share-out in December
- Meetings: Last Sunday of each month (Virtual)
- Fines: Various fines apply for non-compliance (K20 - K300)
By signing below, I agree to abide by the constitution of Impact Savings Village Banking and understand that failure to comply may result in fines or expulsion from the group.