Wisdom SACCO
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03 / PRODUCTS

Savings and credit,in one place.

The official Wisdom SACCO product guides — savings, loans and interest-free (Wisdom Berka) services — published for members and the community.

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What you need to joinSavings productsLoan productsSave for a purposeInterest-free products

MEMBERSHIP

What you need to join

Everything required to become a member of Wisdom SACCO.

01

Be 18 or older

Age requirement

  • Members must be at least 18 years old.
02

Registration fee — 2,000 Birr

One-time

  • A one-time registration payment when you join.
03

Share capital — 10,000 Birr

Member share

  • A member share of 10,000 Birr.
  • Associate (POM) members pay their share and join at once.
04

Minimum saving — 30 Birr/day or 900 Birr/month

Regular saving

  • Save at least 30 Birr per day or 900 Birr per month.
05

Open a Wadi'ah savings account

Get started

  • Open a regular (Wadi'ah) savings account to begin.

SAVINGS

Savings products

Save in the way that suits your life — from everyday Wadi'ah saving to profit-sharing Mudarabah deposits.

01

Wadi'ah Regular Saving

ዋዲዕ መደበኛ ቁጠባ

  • Deposit from the day you join.
  • Daily, weekly or monthly contributions.
  • No profit or interest is added.
02

Mudarabah Investment Deposit

ሙዳረባ የኢንቨስትመንት ቁጠባ

  • Voluntary investment deposit.
  • 15% profit share, paid every month.
  • Members only — cannot be transferred to others.
03

Mudarabah Time Deposit

ሙዳረባ የገንዘብ ገደብ ቁጠባ

  • Fixed term of 6 months and above.
  • 20% – 25% profit share.
  • Longer terms earn a higher share.
04

Mudarabah Children Saving

ሙዳረባ የልጆች ቁጠባ

  • Save for a child until they turn 18.
  • 25% profit share, paid yearly.
  • Opened by a parent or guardian.
05

Qard Hassan Saving

ቀርድ ሐሰን ቁጠባ

  • A benevolent, interest-free saving account.
06

Wadi'ah Current Account

ዋዲዕ ኡሁድ ነጻ ቁጠባ

  • Deposit any amount, at any time.
  • Withdraw whenever you need.
  • No profit or interest.

LOANS

Loan products

Member loans that help you reach your goals. Save a share of the amount you need, then access credit that fits your plan.

01

100-Day Loan

የመቶ ቀን ብድር

  • Repaid within 100 days.
  • Save 30% of the loan you want first.
  • Repay in instalments or as a lump sum.
02

200-Day Loan

የሁለት መቶ ቀን ብድር

  • Repaid within 200 days.
  • Save 30% of the loan you want first.
  • Repay in instalments or as a lump sum.
03

300-Day Loan

የሶስት መቶ ቀን ብድር

  • Repaid within 300 days.
  • Save 30% over 20 days first.
  • A 10% penalty applies after the due date.
04

12-Month Loan

የአንድ ዓመት ብድር

  • Save 30% over 45 weeks first.
  • Repaid within 52 weeks (one year).
  • A 10% penalty applies after the due date.
05

24-Month Loan

የሁለት ዓመት ብድር

  • Save 30% over 13 weeks first.
  • Repaid over two years.
  • Repay in instalments or as a lump sum.
06

Membership Loan

የአባልነት ብድር

  • A loan available to members in good standing.
  • Repayment tiers of 33%, 66% or 100%.
  • Based on your share and savings.

GOAL SAVINGS

Save for a purpose

Dedicated savings built around a specific goal.

01

Special Saving

የፍላጎት ቁጠባ

  • Save any amount, any time.
  • Flexible and mobile — access when needed.
  • Ideal for personal or family goals.
02

Children Saving

የልጆች ቁጠባ

  • Save for your children's future.
  • 10% return on the savings.
  • Opened by a parent or guardian.
03

Taxi Saving

የታክሲ ቁጠባ

  • For members saving toward a taxi.
  • Save up to 30% of the vehicle cost.
  • Interest-free support toward the vehicle.
04

Car Purchase Saving

የመኪና ግዢ ቁጠባ

  • Save toward buying a car.
  • Monthly 30% bond toward the vehicle.
  • Car loans available on top of savings.
05

House Purchase Saving

የቤት ግዢ ቁጠባ

  • Save toward buying a home.
  • House loan of up to 1/3 of the value.
  • For members saving for a house.

WISDOM BERKA

Interest-free products

Sharia-compliant, interest-free (Wisdom Berka) savings and financing services.

01

Membership & share

መመዝገቢያና ድርሻ

  • Registration fee: 2,000 Birr.
  • Full member share: 10,000 Birr.
  • Associate (POM) membership available.
02

Interest-free savings

የወለድ አልባ ቁጠባ

  • Wadi'ah regular saving.
  • Mudarabah investment deposit (15%).
  • Mudarabah time deposit (20%–25%).
  • Mudarabah children saving (25%).
  • Qard Hassan and Wadi'ah current saving.
03

Murabaha Loan

የሙራባህ ብድር — Cost plus markup

  • Asset or trade financed and resold at cost plus profit.
  • The marked-up price is the total loan amount.
  • Repay daily, weekly or monthly.
04

Diminishing Musharakah Loan

P Diminishing ሙሸራካ ብድር

  • Joint ownership that reduces over time.
  • For business, home or asset purchase.
  • monthly share of the financed amount.
05

Extra (Emergency) Loan

የኤክስትራ ብድር

  • Short-term support for urgent needs.
  • Quick access to financing.
  • Fair, transparent terms.
06

Ijarah Loan

የኤጀራ ብድር

  • Lease-based financing for small business.
  • Access a range of financing services.
07

Takaful (Insurance)

የተከፋል ተካውኝ

  • 1% contribution on the financed amount.
  • Covers members against unforeseen risks.
  • Available to registered members.

Vision

To be a leading, member-owned savings and credit cooperative by 2030.

Mission

To provide savings and credit services that improve members' livelihoods, expand shared ownership, and deliver reliable, accessible financial services with diligence and competence.

Principles

  • Honest work and fair dealing with members' money.
  • Self-help and mutual support between members.
  • Sharing knowledge and sound advice.
  • Fair and respectful treatment of borrowers.
  • Reaching those who work hard with little support.

BECOME A MEMBER

Start building yourfinancial future.

Become part of a cooperative built around its members — where saving, credit and community work together.

Become a MemberContact Wisdom