Any person who is a member of the cooperative should pay Br. 400 or 10% of his/her income regularly once a month. This compulsory saving could only be withdrawn when there is the termination of membership.
A member of the cooperative could save any amount of money as a voluntary saving that could be withdrawn at any time.
A member saves and takes credit to buy, construct or maintain a house. A member could borrow up to 2,000,000 (Two million) Ethiopian birr as a house loan.
A member could save for a car loan. A member could borrow up to 800,000 (eight hundred thousand) Ethiopian birr to buy an Automobile.
Transport car Saving
A member could save and borrow up to 1,000,000 (One Million) Ethiopian birr to buy a car for business.
A member could save and borrow up to 600,000 (six hundred) birr to start or expand a business.
A member of Awach SACCO will get 7% annual saving interest for the deposits made in her/his account.
In order to make a society develop the habit of saving, it is important to include every member of the society in our cooperative, including children. In addition to saving, Awach SACCO is educating parents and children to share and spend money properly. In Awach SACCO children through their parents or guardian save money without any rules or requirements.