Savings Accounts

Build your financial future with our flexible savings options

Regular Wadia Savings

Safe and accessible savings

Easy Access

Withdraw your funds whenever you need them

Dividend Earnings

Earn competitive dividends on your balance

Low Minimum Balance

Start with just 100 Birr

Mudaraba Profit-Sharing

Higher returns through profit-sharing

Profit Participation

Share in the SACCO's profits

Higher Potential Returns

Earn more than regular savings accounts

Sharia-Compliant

Ethical banking in accordance with Islamic principles

Children's Savings

Secure future for the next generation

Future Planning

Build savings for education and future needs

Educational Benefits

Special programs to teach financial literacy

Parental Control

Parents manage accounts until children come of age

Term Deposits

Higher returns for fixed-term savings

Fixed Terms

Choose from 3, 6, 12 or 24-month terms

Higher Returns

Earn better returns than regular savings

Flexible Options

Monthly, quarterly or maturity interest payments

Interest-free Muhaba

Ethical banking solutions in accordance with Islamic principles

What is Muhaba?

Muhaba is our Sharia-compliant banking solution that provides interest-free financial services to members who wish to follow Islamic financial principles.

Key Principles
  • No interest (Riba) charged or paid
  • Profit and loss sharing models
  • Ethical investment guidelines
  • Asset-backed financing

Muhaba Products

Save without earning interest, with optional donation of potential interest earnings to charity.

  • No minimum balance requirements
  • Optional profit donation to community projects
  • Full Sharia compliance

Cost-plus financing for assets or goods without interest.

  • Asset-backed financing
  • Transparent cost-plus pricing
  • Fixed repayment schedule

Profit-sharing investment accounts where you provide capital and share in profits.

  • Capital provider shares in profits
  • Professional management by SACCO
  • Risk-sharing principle

Loans & Credit

Flexible financing solutions for your needs

Housing Loans

Finance your dream home with competitive rates

  • Up to 25-year repayment period
  • Up to 80% financing
  • Flexible payment options
Apply Now

Business Loans

Grow your enterprise with tailored financing

  • Working capital financing
  • Equipment and asset financing
  • Business expansion loans
Apply Now

Vehicle Loans

Acquire personal or commercial vehicles

  • New and used vehicles
  • Up to 80% financing
  • Flexible repayment terms
Apply Now

Salary Advance

Bridge short-term financial gaps

  • Quick disbursement
  • Minimal documentation
  • Repayment through salary deduction
Apply Now

Education Loans

Invest in knowledge and skills

  • Tuition fee financing
  • Low interest rates
  • Grace period during study
Apply Now

Personal Loans

For various personal needs

  • Wedding expenses
  • Medical emergencies
  • Home improvements
Apply Now

Loan Requirements

General Requirements
  • Membership of at least 3 months
  • Regular savings contributions
  • Completed application form
  • Valid identification
Collateral Options
  • Guarantors (2-3 members)
  • Salary deduction agreement
  • Asset collateral (property, vehicles)
  • Savings account balance

Micro Loans & Revolving Funds

Supporting entrepreneurs and small businesses in our community

Women Entrepreneurship Fund

Special program designed to support women-owned businesses with low-cost capital and business training.

Program Benefits
  • Interest rates 3% below standard
  • Business development training
  • Mentorship program
  • Networking opportunities
Eligibility Criteria:
  • Women aged 18-55
  • Business operating for at least 6 months
  • Willing to participate in training
Apply Now

Youth Business Program

Initiative to support young entrepreneurs aged 18-35 with accessible financing and business support.

Program Benefits
  • Reduced interest rates
  • Grace period for repayment
  • Business plan development support
  • Marketing assistance
Eligibility Criteria:
  • Age 18-35 years
  • Business idea or existing micro-enterprise
  • Willingness to undergo training
Apply Now

Success Stories

Selam's Catering Business

"With the women's fund, I expanded my home kitchen to a full catering service employing 5 people."

Daniel's Tech Repair

"The youth program helped me open a smartphone repair shop that now serves 20+ customers daily."