Sibonelo Savings & Credit Co-operative Society
Plot 6 & 7 Erf No.368
Mahleka Street,
PO Box 4307, Manzini,
Kingdom of Swaziland,

Tel: (+268) 2505 7249
(+268) 2505 4864
Fax: (+268) 2505 7249

Email: info@sibonelo.org.sz

ELIGIBILITY FOR MEMBERSHIP

Previously, only employees of Public Service (Government), Parastatals of the Ministry of Agriculture (NAMBOARD, Cotton Board, Dairy Board, etc.), Co-operative movement, Lidwala Insurance Company and members' spouses could join.

But now the bond has been openned to other organisation and establishments with a consistent staff complement. That is to say, to join, any employee under contract or permanent employment at any organisation, can request their employer to make a salary deduction stop-order and forward such monies to Sibonelo SACCO on their behalf.

For assistance in setting up a stop-order facility with their employers, employees interested in joining Sibonelo SACCO should contact our office at the above contact details.

The joining fee is E170-00 payable up-front. Membership shares to the value of E1000-00 are to be paid within six months of joining. A new member who has already paid the joining fee of E170-00 can make a minimum monthly stop-order for the first six months as follows:

Minimmum Monthly Stop-Order for New Members (First Six Months)
Membership: Shares E170-00
Savings: Ordinary E100-00
Burial Scheme: Family Cover E50-00
Dups Funeral Insurance E22-00
Stop-Order Total E342-00