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Terms of Service

Last updated: September 16, 2025

1. Acceptance of Terms

By accessing and using the AWIB SACCOS website and services, you accept and agree to be bound by the terms and provision of this agreement. If you do not agree to abide by the above, please do not use this service.

2. Description of Service

AWIB SACCOS (Arusha Women in Business Savings and Credit Cooperative Society) provides financial services including savings accounts, credit facilities, and business development support specifically for women entrepreneurs in Arusha, Tanzania.

3. Membership Requirements

To become a member of AWIB SACCOS, you must:

  • Be a woman entrepreneur or have business interests
  • Reside or conduct business in Arusha region
  • Meet the minimum share capital requirements
  • Provide required identification and documentation
  • Agree to abide by the SACCOS constitution and bylaws

4. Financial Services

Our services include but are not limited to:

  • Savings accounts with competitive interest rates
  • Business loans and credit facilities
  • Micro-finance services
  • Financial literacy training
  • Business development support

5. Member Responsibilities

As a member, you agree to:

  • Provide accurate and complete information
  • Make timely loan repayments as agreed
  • Attend required meetings and training sessions
  • Maintain your membership in good standing
  • Comply with all SACCOS policies and procedures

6. Interest Rates and Fees

Interest rates on loans and savings are determined by the SACCOS board and may change with 30 days written notice. All fees and charges will be clearly communicated before any transaction.

7. Privacy and Confidentiality

We respect your privacy and maintain strict confidentiality of all member information in accordance with banking regulations and our Privacy Policy.

8. Limitation of Liability

AWIB SACCOS shall not be liable for any indirect, incidental, special, or consequential damages arising from the use of our services, except as required by law.

9. Governing Law

These terms are governed by the laws of Tanzania and any disputes will be resolved in accordance with Tanzania's legal framework for cooperative societies.

10. Contact Information

For questions about these terms, please contact us at:

  • Email: info@awib-saccos.com
  • Phone: +255 758 533 181
  • Address: Summit Centre, Arusha, Tanzania