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FANA YOUTH

Saving & Credit Cooperative

Our Services

Comprehensive savings and loan services designed to meet your financial needs with competitive rates and flexible terms.

Savings Services

Build your financial foundation with our range of savings options, each designed to meet different needs and life stages.

Compulsory Saving

Required for all cooperative members

Requirement

Minimum saving as per SACCO scale or 10% of income

Frequency

Monthly

Withdrawal

Only upon termination of membership

Interest Rate

8% annual interest

Voluntary Saving

Flexible savings with complete withdrawal freedom

Requirement

Any amount

Frequency

Flexible

Withdrawal

Anytime

Interest Rate

7% annual interest

Children's Saving

Teaching children proper money management through parents/guardians

Requirement

Initial saving: 100 birr

Frequency

No rules or requirements

Withdrawal

Flexible

Interest Rate

10% annual interest

Interest Free Saving

Savings account without interest for specific purposes

Requirement

Any amount

Frequency

Flexible

Withdrawal

As per terms

Interest Rate

No interest earned

Special Saving

Targeted savings for vehicles, house, and investment purposes

Requirement

Based on specific goal

Frequency

Regular deposits

Withdrawal

Goal-based terms

Interest Rate

Competitive rates

Organizational Saving

Savings solutions for organizations and groups

Requirement

As per organization agreement

Frequency

Scheduled deposits

Withdrawal

Organizational terms

Interest Rate

Negotiated rates