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The SMEAZ Savings and Credit Cooperative Society Limited is primarily a vehicle for members of the SME Association of Zimbabwe to access savings as well as credit/loan products. We also offer products to individuals, some of whom may be employees of MSME businesses, or others looking to obtain responsive savings and credit products.

The SMEAZ Savings and Credit Cooperative is a registered and fully compliant SACCOS, regulated by the Ministry of Women Affairs, Community and SME Development. It was registered in 2014 with the aim of assisting small and medium enterprises to access finance to grow their businesses, as well as to be able to create generational wealth through offering high interest savings products. It is owned, managed and driven by its members. We have instituted world-class systems and controls to ensure safeguarding of members' savings while still being able to finance those members in need with minimal bureaucracy.

To date we have assisted several members to access credit, while others have experienced significant growth in their savings from the monthly interest payments. To be kept abreast with developments in the SACCOS you can join our Whatsapp group.

If you are not yet in business, or you are not able to become a member immediately, you can also take advantage of our high interest savings products, which pay interest of up to 2% per month, compounded monthly. Our savings products range from short-term to long term savings, and offer flexible access depending on the type of product. You can also obtain emergency loans against your savings, and for those who come in as savings groups (round/mukando) you can also access guaranteed loans.

Our non-member group products can be utilised by those with existing savings groups, or even other SACCOS to ensure that their money is managed strictly and safely. You do not need to become members of the SACCOS, so you will not need to pay joining fees, or any sort of fees. In fact, one of our core principles is that we do not charge service fees for any of our accounts, fees are only payable for loan products.

You can either join as a Member, or as a non-member.

We have a wide range of savings products to suit the needs of individuals and MSME businesses. Savings products are open to both members and non-members. Interest on savings products is calculated on a monthly basis, and is credited to your account at the end of each month. Interest rates range from 0.5% to 2% per month depending on tenure. There are no fees charged on savings accounts.

The SMEAZ Savings and Credit Cooperative Society Limited (SMEAZ SACCOS) offers loan products as well as guarantees to members of the SACCOS. Non-members are only eligible for emergency loans (i.e. loans against savings) and group loans, if they are part of a group (round/mukando). Loans are for amounts up to six times the savings balance that a member holds.