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The Central Bank has a savings society known as Bank of Botswana Savings and Credit Cooperative Society Limited (SACCOS). The society was founded in 1994 with the objective to promote a culture of saving among its members and to create thereby a source of funds from which small loans can be made exclusively to members for provident and productive purposes. Savings contributions are made monthly directly from member’s salary.  The society has an executive committee as a means of internal control.