Any person who is a member of the cooperative should pay Br. 500 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 This compulsory saving could only be withdrawn when there is the termination of membership.
A member of the cooperative could save any amount of money as a voluntary saving that could be withdrawn at any time.
Loan/ Credit provision is the other primary undertaking in Awach SACCOS. All members have an equal right to benefit from the credit service. Apart from fulfilling the pre-credit requirements in the bylaw, Awach’s loan committee and loan department take various factors mentioned below before deciding on each credit application. Segregation of duty during the loan approval process…