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About Santim
Named for the smallest coin, because that's where saving starts
A santim is one hundredth of a birr. Nobody gets rich from one — but a cooperative of people who each set aside a few santim becomes a source of credit for all of them.
What we believe
Owned by members, run for members
Member-ownedEvery member holds shares and one vote at the general assembly.
Open booksYour balance, your loan and your equb are always visible to you.
Close to homeStaff who know the community and speak your language.
Surplus returnsProfit is shared back with members as dividends.
Governance
Who makes the decisions
Like every saving and credit cooperative, Santim is run by its members through elected bodies.
General assemblyAll members. Approves the bylaws, the yearly plan, the accounts and the dividend.
Board of directorsElected by members. Sets policy and interest rates, and oversees management.
Loan committeeReviews and approves loan applications under the loan policy.
Control committeeChecks that money and records are handled correctly, and reports to members.
Your first santim is the hardest one. Start today.
Visit the office with your ID and two photos. Registration takes one visit.