How It Works

The Payroll Loan & Savings Scheme is a strategic partnership between your organization and Diaspora Credit Union that empowers your employees with access to affordable credit and a disciplined savings plan — all managed through payroll.

• Your organization signs a simple agreement with Diaspora Credit Union.
• Employees voluntarily join the scheme by completing a registration form.
• Agreed savings or loan repayments are automatically deducted from employees’ salaries.
• Deductions are remitted monthly to Diaspora Credit Union.

Employer Benefits

• Boost Staff Morale & Retention: Support your team’s financial health, reducing stress and increasing productivity.
• No Financial Risk: The employer only facilitates deductions — the Credit Union manages all loans and savings.
• Enhance Your Corporate Image: Show your commitment to employee wellbeing and financial empowerment.
• Seamless Integration: Easy to administer via your existing payroll system.

Employee Benefits

• Access low-interest loans without collateral.
• Save directly from salary and build long-term financial security.
• Participate in a trusted, member-owned financial institution.
• Reduce reliance on high-interest lenders.