Conventional Window

Systematic Wealth Building

Infinity SACCOs provides a robust financial ecosystem where regular contributions translate into long-term investment power and credit access.

1. Regular (Mandatory) Savings

The foundational monthly saving required for all active members. Members are required to save their regular monthly contributions without interruption.

  • Minimum monthly deposit: 1,000 ETB.
  • Requirement: 6 months of continuous saving to qualify for credit.
  • Policy: Non-withdrawable while maintaining membership.

2. Voluntary and Specialized Savings

Additional flexible savings including goal-oriented schemes for assets, health, and inclusive community support:

  • Vehicle Purchase, Housing and Special Purpose Savings.
  • Education, Health, Women, and Youth Focused Savings.
  • Muday Savings for low-income and daily earners.
  • Flexible deposit and withdrawal options.

3. Time Deposit Savings

Fixed-term savings designed for members looking to earn higher interest rates on their capital for a set duration.

  • Multiple tenure options with guaranteed returns.
  • Secure wealth preservation for large capital sums.

4. Children’s Savings

Building a bright future for the next generation. These accounts are managed by guardians to build long-term capital for youth.

  • Encourages early financial literacy.
  • Dedicated funds for future education and career needs.

5. Equity / Shares

Represents your ownership stake and voting rights in the cooperative.

  • Earn annual Dividends from the SACCO's profits.
  • Required: 5% - 15% share ownership for loan approval.
  • Transferable to other members upon resignation.

6. Institutional Savings

Designed for collective groups like Iddirs, Equbs, NGOs or small enterprises.

  • Group funds can guarantee loans for individual members.
  • Transparent statement tracking for organization management.

Savings-to-Loan Requirements

The "Pre-Saving" rule ensures you have a solid stake before acquiring assets.

Loan Product Category Required Pre-Saving Breakdown (Saving / Shares)
Social Loan 20% of loan amount 15% Saving / 5% Shares
Business / Economy 25% of loan amount 15% Saving / 10% Shares
Car Purchase 30% of loan amount 20% Saving / 10% Shares
Housing Purchase 30% of loan amount 20% Saving / 10% Shares
Special Auto / House 50% of loan amount 35% Saving / 15% Shares
Emergency Loan 20% of loan amount 15% Saving / 5% Shares

General Savings Rules and Rights

95% Borrowing Power

Every member has the right to borrow up to 95% of their total savings instantly without an external guarantor, as the savings act as the guarantee.

Collateral Rules

If you act as a guarantor for another member, your equivalent savings will be frozen and cannot be withdrawn until the debt is settled.

Transparent Access

Members have the right to a physical passbook and monthly statements to verify all deposits and profit distributions.

Mandatory Saving

Every member is required to save a fixed amount regularly to maintain active membership and build borrowing capacity

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Infinity SACCO is your dedicated partner in financial growth and security.

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