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Catholic Archdiocese of Kumasi Co-operative Union for Development (CAKCSOD) Limited.
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Abofra Pa:

Child and Youth Savings.

Abofra Pa Account


Child and Youth Savings

Seeking the best account product and investment for your child, choose CAKCSOD Abofra pa.

Our Abofra pa Account

Our Abofra pa product is designed for members who have children and desire to save for their future. It is an account that is useful towards the future of their children.



Features

Our Abofra pa account has the following features:

  • 1

    The member opening the account for his/her child should be more than 18 years of age.

  • 2

    Contributions to the account has to be on a regular basis.

  • 3

    The beneficiary (the child) should not be more than 18 years of age.

  • 4

    As soon as the child attains age 18 years, the amount in the account would be transferred to the regular savings account, if the beneficiary is a member of the Cooperative society or fixed term deposits.

Benefits of Our Child and Youth (Abofra pa) Account

We help you achieve your kid's dreams.

  • A head start in life

    Abofra pa account gives the beneficiary a head start in life.

  • SMS Alerts

    You receive instant SMS alert for every transactions you make.

  • Healthy savings habit

    Helps cultivate a healthy savings habit in children and young adults.

  • Provides Secure Financial future for your child

    We help you to save and secure financial future for the child.

  • Collateral to secure a loan

    The account can be used as collateral for credit facility by the parent, ie. the ability to use balance on account as collateral for loan by the parent.

  • Attractive interest rates

    Minimum balance of GHS30.00 attracts interest.

Eligibility to
Open Abofra pa Account

Eligibility parameters for Abofra pa account.

  • 1

    Initial Deposit

    With initial deposit of GHS20.00, you are eligible to open the abofra pa account for your child.

  • 2

    Age

    The account is to be opened and operated in trust for a child or youth between the ages of 1 day and 18 years.

Abofra pa A/C Required Documents

Basic documents required for opening our Abofra pa account.

Full KYC of Parent/Guardian

Completed account
opening form

Valid & Acceptable means of ID of Parents/Guardian

Two Color & Passport Size Photographs each of the parent/guardian and child