An emergency savings fund protects you from financial shock such as medical expenses, funeral expenses, job loss and unforeseen home or car repairs. The fund aims at building a nest for basic needs of up to six months cover in an unlikely event of a financial shock. Members are encouraged to save up to 20% of their gross income or six months’ worth of their expenses to meet the objective of saving in an Emergency Fund.
Nkwazi Co-Operative Savings & Credit Society © Copyright 2025. All Rights Reserved.