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FANA YOUTH

Saving & Credit Cooperative

Our Financial Services

Comprehensive savings and loan services designed to meet your financial needs with competitive rates and flexible terms. Serving over 36,000 members across 25 branches in Tigray.

Savings Services

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

Mandatory Saving

Required savings for loan services

Requirement

Must be a registered member of Fana SACCO

Frequency

Monthly

Withdrawal

Withdrawal not allowed unless exiting membership

Interest Rate

5% annual interest

Voluntary Saving

Flexible savings with complete withdrawal freedom

Requirement

Minimum opening balance ETB 50, No registration fees

Frequency

Withdraw anytime during working hours

Withdrawal

Can be deposited and withdrawn funds at any time without restriction

Interest Rate

7% annual interest

Children's Saving

Special account designed for children

Requirement

Available for children under the age of 18

Frequency

Flexible

Withdrawal

Flexible

Interest Rate

9% annual interest

Special Saving

For vehicles, housing, and investment purposes

Requirement

Must be a registered FANA YOUTH SACCO member (18 years or older), Registration Fee ETB 5,000 (one-time, non-refundable), Minimum initial deposit ETB 5000 or more

Frequency

Make Deposit at anytime during working hours

Withdrawal

Available for Vehicles, housing, and investment

Interest Rate

13% to 15% annual interest based on amount and duration

Time Deposit Saving

Fixed-term savings with guaranteed returns

Requirement

Members deposit a fixed sum for a specific period, Must be a registered SACCO member

Frequency

Fixed term deposits

Withdrawal

No withdrawals allowed before maturity without penalty

Interest Rate

Competitive rates based on term