The word Nile Eagle comes from Eagle bird living at the River Nile. To our co-operative society its represents characters like strength, wisdom, nobility, protection, leadership, independence, courage and boldness. The Nile Eagle Sacco was formed to promote investment opportunities and savings culture among South Sudanese at home and abroad. This is a gateway opportunities to a reliable and organized way to invest, access to affordable credits, build and boost businesses, carrying out projects and meet both personal and family needs.

A group of professional experts from different fields of profession came up with the idea and team up to make it a dream come true. The Nile Eagle Sacco operates wholly under its By-laws.

1. Be a South Sudanese over 18 years and in gainful employment.
2. Have a valid South Sudanese passport or National ID.
3. Provide a coloured passport size photograph.
4. Provide information for a designated next of kin (Nominee).
5. Pay one-time non-refundable membership fee of South Sudan Pounds (SSP. 10,000).
6. Contribute a minimum of SSP. 100,000 or more per month to your Sacco Main Savings Account.
7. Buy at least a minimum of 20 shares worth SSP. 160,000 within a month.

Absolutely yes! As a member, all you need to do is instruct the Sacco by writing to transfer your shares or deposits to another member, giving full details of the transfer such as the cash amounts and the Sacco membership number of the recipient(s). A processing fees of 3% of the total amount on savings.

This is the amount representing a member’s portion in the equity of the Society as a co-owner in the Sacco. At The Nile Eagle Sacco, each member must hold at least a minimum of 20 shares at a price of SSP. 8,000 each, to be a co-owner. However, no member shall hold more 20% of the total shares of the society.

Absolutely yes! Once you buy shares in the Sacco, the Sacco shall invests in various growing projects that qualify members to earn dividends at the end of the year.

This is a share of surplus of the society which divided amongst its members based on the Sacco’s profitability and a member’s shareholding percentage.

This is the total amount of money that has be deposited into the account and is determined at the end of the year.

You shall buy shares regularly in the Sacco. Your share capital is then invested by the Sacco for the growth projects.

Shares form a part of the funds invested by a member into the Sacco, as a co-owner. The shares are not withdrawable, therefore you are not legible for loans.

1. A member must inform the Sacco by writing to Hon. Secretary or credit committee of his/her intention to leave.
2. The member will be require to give a written notice of sixty (60) working days to the Sacco.
3. A refund will always be given less any monies and loans owed to the society and its affiliated partners.
4. A processing fees of 3% on net savings due will be charged.
5. A conditional or early refund may be considered subject to Board approval if the member agrees to pay an early withdrawal commission of 10% on net savings due, in addition to processing fees. In this case, the funds will be disbursed within 2 working days after approval.

Please note that only the Main Savings Account net balances will be refunded by the Sacco. The share capital is not refundable but it is transferable to a willing member of the Sacco.

It enable you to save and accumulate savings for your future needs. Earn returns on your savings. Get cheap and accessible borrowings for your development purposes and other needs. Purchase a well price land or property in South Sudan without leaving your jobs or place of residence. Interact with like-minded South Sudanese who want to grow and build wealth together.

The Board of Directors and Management are running the Sacco as per its By-laws. The Nile Eagle Sacco shall hold Annual General Meeting every year where reports and audited accounts will be presented to members.