Michu SACCO provides secure, high-yield savings opportunities, accessible credit solutions, and cooperative dividend growth for families, professionals, and micro-entrepreneurs.
100%
Member-Owned & Democratic
Competitive
Dividends & Low Loan Rates
Michu SACCO is a registered Savings and Credit Cooperative organized to promote financial thrift, mutual assistance, and sustainable economic well-being among its members.
Founded on the foundational cooperative principle of mutual self-help, Michu SACCO started with a dedicated group of members committed to pooling collective financial resources. Over the years, our cooperative has expanded into a reliable institutional partner for individuals, civil servants, farmers, and entrepreneurs seeking fair financial services without exploitative terms.
Unlike commercial entities driven purely by outside shareholders, every member of Michu SACCO is a co-owner with equal voting rights. We reinvest institutional surpluses into competitive dividend distributions, low-interest credit facilities, and continuous member financial literacy programs.
One member, one vote structure ensuring absolute fairness.
Strong reserve funds and transparent financial auditing.
ሚቹ ቁጠባ እና ብድር ኅ/ሥ/ማ
Michu Saving & Credit Association
To mobilize financial resources and deliver high-quality, accessible savings and credit services that improve the socio-economic standard of our members through ethical cooperative practices.
To become the most dependable, inclusive, and technologically progressive SACCO in the region, recognized for exceptional member value, trust, and community development.
Tailored cooperative products designed to foster regular savings habits and provide affordable, flexible loan facilities.
Michu SACCO is built on the proven financial principle that small, consistent savings grow into life-changing capital. Whether you start with modest daily coin deposits or significant term investments, our cooperative dividends and secured deposit protections ensure steady growth.
Secure growth for your regular contributions and reserves
The mandatory foundational savings account for every active member. Accumulate disciplined savings while securing your borrowing capacity.
Lock your funds for fixed periods (6, 12, or 24 months) and enjoy guaranteed higher interest rates tailored for capital preservation.
Structured for deliberate milestones: education fees, wedding preparations, holiday savings, or anticipated family investments.
Equitable, low-interest cooperative financing for members. (Cards auto-advance every 3 seconds)
Calculate estimated monthly amortizations. Official rates and approval conditions are finalized at Michu SACCO branch offices.
4,407 ETB
* Note: Indicative calculation for planning only. Does not constitute an official offer or approval.
Membership is open to all qualified individuals, workers, farmers, and organized groups willing to subscribe to cooperative bylaws and values.
Must be at least 18 years of age, of sound mind, and willing to abide by the bylaws and principles of Michu SACCO.
Submit two recent passport-size photographs, valid government-issued Kebele/National ID or passport, and contact proof.
Pay the one-time registration fee, purchase minimum mandatory cooperative member shares, and make the first monthly deposit.
Receive your verified member passbook, unique identification code, orientation package, and full voting privileges.
As a member, you are never just an account number. You enjoy attractive annual dividends distributed from operating surpluses, competitive interest on deposits, access to emergency credit, and participation in the SACCO's governance.
Download and complete before visiting our branch office.
Current public updates published for Michu SACCO members & stakeholders
The Board of Directors cordially invites all active members to attend the Annual General Meeting. Agenda includes external audit review, dividend approvals, and board seat elections.
In line with strong cooperative performance, the SACCO management committee has announced an enhanced interest return schedule on fixed-term deposits for the upcoming fiscal quarter.
Michu SACCO conducts quarterly financial management and record-keeping seminars for small business owners and agricultural members. Free participation for all active members.
Glimpses of member assemblies, community development programs, branch operations, and customer service.
Annual Member Assembly
Financial Literacy Workshop
Main Branch Service Hall
Dividend Distribution Ceremony
Agri-Loan Field Consultation
Board of Directors Session
Access official public documents, registration forms, bylaws summaries, and loan policy guidelines provided by Michu SACCO.
Official registration form for new individual member applicants. Print and complete prior to branch submission.
Requirements, guarantor endorsement criteria, processing timetables, and repayment schedules for borrowing members.
Constitutional charter outlining member rights, democratic procedures, dividend calculations, and member obligations.
Visit our administrative offices or branch centers. Our member service officers are ready to assist you.
Monday - Friday: 8:00 AM - 5:00 PM
Saturday: 8:30 AM - 12:30 PM
Sunday & Public Holidays: Closed
Michu SACCO maintains auxiliary service desks in designated regional trade centers. Inquiries regarding localized counter services can be verified directly via our telephone hotline.
Have a question regarding membership qualifications, savings plans, or documentation? Submit your message below.