Compulsory Saving
Any person who is a member of the cooperative should pay the minimum saving as per the SACCOS' scale or 10% of his/her income regularly, once in a month. This compulsory saving could only be withdrawn upon the termination of membership.
Voluntary Saving
A member of the cooperative could save any amount of money as a voluntary saving that could be withdrawn at any time.
Business Saving
A member saves 25% of his/her loan request for six consecutive months and borrows the loan up to 1,000,000 (one million) birr for business expansion.
Social Saving
A member saves 25% of his/her loan request for six consecutive months and borrows the loan up to 800,000 (eight hundred thousand) birr for social commitments.
House Saving
A member saves 25% of his/her loan request for six consecutive months and borrows the loan to buy, construct, or maintain a house. A member could borrow up to 5,000,000.00 (five million) Ethiopian birr as a house loan.
Automobile Saving
A member saves 25% of his/her loan request for six consecutive months and borrows the loan to buy an automobile. A member could borrow up to 2,500,000 (two million five hundred thousand) Ethiopian birr to buy an automobile.
Transport/Commercial Car Saving
A member saves 25% of his/her loan request for six consecutive months and borrows the loan to buy a transport or commercial car. A member could borrow up to 3,000,000 (three million) Ethiopian birr to buy a transport or commercial car.
Saving Interest
A member of Awach SACCO will get 8% annual savings interest for regular savings, 7% annual savings interest for voluntary savings deposits, and 10% for children's saving made in her/his account.
Children's Saving
In order to make a society develop a culture of saving, it is very important to include every member of the society in our cooperative, including children. In addition to saving, Awach SACCOS is educating parents and children to share and spend money properly. In Awach SACCOS, children, through their parents or guardians, save money without any rules or requirements. The initial saving is 100 (one hundred) birr.