BABEREKI SACCOS

Est. Oct 2015

Welcome to Babereki SACCOS

Born from a BOPEU Congress resolution to provide financial services for wealth creation.

Our Mission

Create wealth for members through provision of innovative, affordable, and diversified financial products & services.

Our Vision

To be a leading SACCOS in the provision of financial services for wealth creation.

Core Values

Integrity

Upholding transparency in all transactions.

Innovation

Forward-thinking financial solutions.

Cooperative

Working together for mutual benefit.

Accountability

Taking responsibility for our members' trust.

Member Oriented

Putting our members at the center of everything.

Location: Plot 54354, Block B, 3rd Floor, Central Square Building, CBD, Gaborone | Contact: (+267) 316 2250

Savings Accounts

Grow your wealth with our flexible and competitive savings products.

The foundational account compulsory for all members. A gateway to accessing loans and other benefits.

  • Minimum monthly savings of P100.00
  • Allows members to open additional specific savings accounts.

Designed for parents to save for their children's education over a long period.

  • Opening deposit: P200.00 | Minimum monthly: P50.00
  • Interest rate: 3% (for min balance of P1000.00)
  • Account is in the child's name; parent has sole mandate.
  • Withdrawals permitted every 4 months (must maintain P1000 balance).

A withdrawable deposit account to save for eventualities like school fees, holidays, or weddings.

  • Opening deposit: P200.00 | Minimum monthly: P100.00
  • Interest rate: 5% (for min balance of P2000.00)
  • Must save consistently for 6 months before first withdrawal; allowable every 3 months thereafter.
  • Minimum maintenance balance: P500.00.

A non-withdrawal savings facility designed to make post-festive season easier.

  • Opening deposit: P250.00 | Minimum monthly: P100.00
  • Interest rate: 6% for full term (for min balance of P1000.00)
  • Pay-out after 12 months of continuous saving.
  • Funds can be re-invested for another 12 months.

Loan Facilities

Quick Approvals

Access affordable credit. Application requirements: Filled loan form, 1 month recent bank statement, Employment confirmation, Proof of ID, Payslip, and Marriage Cert/Spouse ID (if applicable).

48 Hours Approval Turnaround
Amount (BWP)Max Repayment Period (Months)
500 - 1,0001
1,001 - 2,0002
2,001 - 3,5004
3,501 - 5,0006

48 Hours Approval Turnaround
Amount (BWP)Max Repayment Period (Months)
2,001 - 3,5006
3,501 - 7,5009
7,501 - 10,00015
10,001 - 20,00024

7 Days Approval Turnaround
Takes into account a member's savings at a ratio of 1:2.
Amount (BWP)Max Repayment Period (Months)
1,000 - 2,0004
2,001 - 3,5009
3,501 - 5,00012
5,001 - 7,50015
7,501 - 10,00018
10,001 - 20,00024
20,001 - 50,00036
50,001 - 100,00048
100,001 - 150,00060
150,001 - 250,00084

Voluntary Group Funeral Insurance

Designed to provide quick access to cash (paid within 24 hours) to help meet funeral costs. Baseline cover is for members, easily extended to family.

Minimal Red Tape

  • Easy to claim, quick settlement.
  • No medical tests or underwriting.
  • Defined benefit amount paid as cash.

Comprehensive Cover

  • Children covered until 25 if full-time students.
  • Double accident (Member & Immediate Family).
  • Disabled dependent children covered as long as member is insured.

Cover Options & Waiting Periods

Option LevelCover AmountMonthly Premium
Option 1BWP 20,000.00BWP 26.84
Option 2BWP 30,000.00BWP 40.27
Option 3BWP 40,000.00BWP 53.69
Option 4BWP 50,000.00BWP 67.12
Option 5BWP 60,000.00BWP 80.52
Relationship / AgePayout (Based on Opt 1 to 5)
Member / Spouse100% of selected Option (20k - 60k)
Child (Age 14+)100% of selected Option (20k - 60k)
Child (Age 6 - 13)50% of selected Option (10k - 30k)
Child (Age 2 - 5)25% of selected Option (5k - 15k)
Child (0 - 1) / Stillborn12.5% of selected Option (Max capped at 5k for Stillborn)
Age BandPremium for 10k CoverPremium for 20k CoverPremium for 30k Cover
0 - 30 years oldBWP 6.08BWP 12.16BWP 18.24
30 - 40 years oldBWP 16.22BWP 32.44BWP 48.66
50 - 60 years oldBWP 24.10BWP 48.20BWP 72.30
70 - 75 years oldBWP 56.75BWP 113.50BWP 170.25
* Table shows sample age bands. Max Entry Age: 75. Max Cover: 60k. Max 4 individuals covered. Includes: Siblings, Parents, In-laws, Aunts/Uncles, Grandparents.
  • Waiting Period (All Members & Dependents)6 Months
  • Surrender ValueNil
  • Claim Notification Period6 Months
  • Claim Submission Period12 Months
  • Exclusions: Terrorist activities, warlike operations, nuclear/biological/chemical weapons, sabotage leading to radioactivity release.