Family doesn't always live in one country. Rates refresh automatically from live foreign-exchange data, so wherever you or your family are, the numbers stay fair.
Two existing members need to personally recommend you before you can join. Submit an application naming two members you know, they each confirm they vouch for you, and an administrator gives final approval before your account is activated.
Yes, without exception. Every loan request requires a guarantor, and the system will not allow disbursement until that guarantor has formally approved the request.
No. FamilySave Initiative never requires collateral, at any loan size. Your borrowing limit and rate are set entirely by your credit tier — built by clearing loans on time, not by pledging assets.
First-time borrowers can request up to the equivalent of UGX 500,000. That cap applies no matter which currency you borrow in — we convert it at the live rate so the limit is always fair and consistent.
Two ways. Max out your current limit in a single loan, cleared, repeated the required number of times (1 for New, 4 for Bronze, 5 for Silver, 10 for Gold) and you're advanced automatically. Or, borrow smaller amounts and let them add up — once your total borrowed-and-cleared volume reaches the same overall threshold, you're notified that you qualify and can claim the upgrade yourself. First-time borrowers also need at least 6 cleared loans before leaving New, either way, so a track record actually gets built before the limit jumps.
Yes. Pick any supported currency when you apply. Your loan, its repayments, and your receipts will all be tracked in that same currency, converted internally using live exchange rates for risk and liquidity reporting.
The request is closed immediately, the guarantor is released, and you're free to submit a new application with a different guarantor.
Already a member? Sign in to apply for a loan, put something aside, or back someone you trust. New here? All you need is two members already inside the community willing to vouch for you.