Everything a member can do at Santim
Every service belongs to one of the three words on our sign. Your savings make loans possible for other members, and the surplus comes back to you.
Build a habit with small, regular deposits. Your savings earn interest and count toward your loan limit.
| Account | Best for | Deposits | Withdrawals |
|---|---|---|---|
| Regular savings | Everyday saving and building a loan record | Any amount, any working day | At the office when you need it |
| Fixed-term savings | Money you won't need for a while, at a higher rate | One deposit for 6, 12 or 24 months | At the end of the term |
| Goal savings | School fees, a wedding, a holiday season | Weekly or monthly plan you choose | When you reach the goal date |
Interest rates are set by the board and shown at the office. Estimate your savings.
Loans are backed by your savings, your shares and fellow members who vouch for you. Interest is charged on the declining balance.
| Loan | Use it for |
|---|---|
| Business loan | Stock for a shop, tools, a workshop |
| Vehicle financing | A bajaj, motorbike or car — see details |
| Personal loan | Rent, school fees or a family event |
| Emergency loan | Medical bills or an urgent family need, processed quickly |
| Asset loan | Furniture, appliances and home improvement |
To apply for a loan
- Active membership for the period set in the bylaws
- A regular savings record — your savings set your loan limit
- Shares fully paid
- Guarantors who are Santim members
- A short business plan for business loans
You're not a customer here — you're an owner with a vote.
Shares
Every member buys shares when joining. Shares make you a co-owner of Santim and support your loan application.
Dividends
At the end of the year, the surplus approved by the general assembly is shared with members according to their shares.
Your first santim is the hardest one. Start today.
Visit the office in Dilla with your ID and two photos. Registration takes one visit.