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Loan

Awach Saccos mobilizes the members' voluntary and regular savings by grananting loans to its members so that they could go on and work in diffenet sector whereby they could increase their income and change their lives for the better. The Loan requirements and categories are set by the general assembly of the society.Right now Awach saccos has expanded it product portfolio and has started granting loans for house( purchase,maintenance and building), Transportation and Regular loan.

 

N.o Loan Category Loan Size Pre Loan Saving amount Loan Interest Rate Loan Period
% Loan Size Saving Period
1 Regular Loan            
Social Service 100,000.00 Birr 25 25,000.00 Birr 6 month and above 13.5 3 Years
Education and Health 100,000.00 Birr 25 25,000.00 Birr 6 month and above 13.5 3 Years
Petty Trade 300,000.00 Birr 25 75,000.00 Birr 6 months and above 13.5 3 Years
2 Automobile 600,000.00 Birr 40 240,000.00 Birr 1 Year and Above 14.5 5 Years
3 Transport car 800,000.00 Birr 40 320,000.00 Birr 1 Year and Above 14.5 5 Years
4 House Loan            
For Purchase 1,000,000.00 Birr 30 300,000.00 Birr 1 Year and Above 15.5 10 Years
For Maintenance
To Build