WEEKLY / MONTHLY THRIFT
A flexible thrift plan that allows members to save regularly on a weekly or monthly basis
while working toward their financial goals.
A flexible thrift plan that allows members to save regularly on a weekly or monthly basis while working toward their financial goals.
FEATURES
- Member-determined thrift contribution
- Flexible contribution frequency
- Weekly savings option
- Monthly savings option
- Minimum target thrift period of 6 months
- Available to employed individuals
- Available to self-employed individuals
- Access to small business loans for eligible members
- Access to personal emergency loans for eligible members
- Savings may serve as loan collateral, subject to the applicable equity contribution requirements
HOW THE PLAN WORKS
Weekly Thrift
Save regularly every week according to your chosen contribution arrangement.
Monthly Thrift
Save regularly every month according to your chosen contribution arrangement.
BENEFITS
Choose Your Savings Frequency
Save weekly or monthly based on the contribution pattern that best suits your income and financial routine.
Determine Your Contribution
The minimum thrift contribution is determined by the member, allowing you to choose a savings amount that fits your financial capacity.
Build Savings for Your Projects
Regular contributions help you accumulate money in bulk for planned projects and major financial needs.
Access Personal Emergency Loans
Eligible members can access personal emergency loans when unexpected financial needs arise.
Support Your Small Business
Eligible members can access small business loans to support their business activities and financial needs.
Use Savings as Loan Collateral
Your accumulated thrift savings can serve as collateral for a loan when they meet the applicable percentage required as equity contribution.
Save for at Least Six Months
The minimum target thrift period is 6 months, giving you time to build meaningful savings toward your goals.
Suitable for Employed and Self-Employed Individuals
The Weekly / Monthly Thrift is designed for both employed and self-employed individuals.
AT A GLANCE
Contribution: Determined by the member
Frequency: Weekly or Monthly
Minimum Period: 6 Months
Who Can Participate: Employed & Self-Employed Individuals
Loan Access: Small Business & Personal Emergency Loans
Start Saving With Weekly / Monthly Thrift
Build your savings consistently, prepare for your financial goals and create a stronger
financial foundation with Life Enhancement.
Build your savings consistently, prepare for your financial goals and create a stronger financial foundation with Life Enhancement.
