Frequently Asked Questions

A SACCOS (Savings and Credit Cooperative) is a member-owned financial institution where members save money together and access loans at affordable interest rates.

Any individual who meets the SACCO’s membership requirements such as filling out a registration form, providing identification, and paying the required membership fee can join.

Many people searching for microfinance in Ethiopia are actually looking for small loans. While Microfinance Institutions (MFIs) offer small credit, a Saving and Credit Cooperative Society (SACCOS) like Tederash is owned entirely by its members. This means we often provide lower interest rates, better saving returns, and democratic control. If you are looking for secure money saving or a microfinance alternative in Addis Ababa, joining our SACCOS is an excellent choice.

Members benefit from democratic ownership, access to savings and credit products, annual dividends, financial education, community support, and opportunities for economic growth.

SACCOS mainly provides different kind of saving, loans, financial advisory and member financial training services

Tederash SACCOS provides regular savings accounts, fixed savings plans, and other member-focused savings products that help build financial security and support access to loans.

Visit the SACCOS office or use any online/mobile services provided by Tederash SACCOS (if available). Staff can help you view balances, savings history, and loan status.

Members can withdraw any kind of voluntary savings anytime.

Mainly build financial security, qualify for loans, participate in cooperative ownership and earn divident/ interest

At the end of the financial year, profits may be distributed to members as dividends based on their share capital or savings contribution.

BY completing the loan application form, meeting saving requirements, providing collateral if any and getting approval from SACCO loan committee.

The loan amount is determined based on the members saving balance, loan policy of a SACCOS and loan returning capacity of the member.

No — only registered members with active savings accounts are eligible for SACCOS loans. This ensures mutual benefit and long-term sustainability for the entire cooperative.