SMEAZ Savings & Credit Cooperative Society Limited

31/03/2026

Together we save, together we grow.
Becoming a member means being part of a community of like-minded entrepreneurs and unlocking loans up to 6x your savings for the goals that matter most.

10/03/2026

Today, the SMEAZ Savings and Credit Cooperative convened its members at the Monomotapa Hotel in Harare for the Annual General Meeting. It was a day of reflection, strategic planning, and celebrating the tangible impact of collective savings.

Beyond the successful election of our Management, Supervisory, Loans, and Education Committees, we focused on what truly matters: member impact.

We are proud to reflect on a year where the SACCOS played a pivotal role in empowering our members financially. Through access to affordable credit, our members have been able to:
✅ Acquire Assets: From business equipment to vehicles, members have managed to finance these through the different loans available.
✅ Expand Stock - Entrepreneurs within our membership have successfully injected capital into their inventory, driving higher sales volumes.
✅ Establish Sustainable Funding Structures and perhaps most importantly, members have been able to fund education, home improvements, and other personal milestones without dipping into their company finances, ensuring their household stability remains separate from business operations.

With a renewed mandate, the SACCOS management, is energized and looking forward to a positive and dynamic year ahead. We are committed to deepening our financial services and ensuring that every member thrives.

04/07/2025

Contact us today!

02/07/2025

Ready to take control of your money in just 21 days?

Cashtalk with Kay is a powerful daily WhatsApp series with practical money lessons, tools, and reflections you can apply in under 30 minutes.

Whether you're trying to budget better, save smarter, or just feel more in control - this is for you.

📆 Starts 11 July
📲 Join here: https://tinyurl.com/cashtalkkay

Let's break bad money cycles and build new ones, together💪🏾

22/05/2025

01/03/2025

16/01/2025

We have just reached 600 followers! Thank you for continuing support. Let's continue working together to secure our future by saving small. Slow progress is better than no progress. 🙏🤗🎉

07/01/2025

Car loan (Rent to Buy)

The car loan scheme is meant to enable members to purchase motor vehicles through a rent-to-buy model whereby the member raises an initial deposit, secures their motor vehicle, then pays for it over a period of six months. It is linked to the Motor vehicle purchase savings account, and also to the Monthly Savings account. The amount of loan to be advanced is dependent on the member’s savings as well as capacity to repay. Motor vehicles purchased under this scheme will be placed under the Collateral Registry until the loan is fully repaid.


Eligibility

The motor vehicle loan/rent-to-buy scheme is exclusively for members of the SME Association of Zimbabwe as well as the SMEAZ SACCOS. You must be running a business which generates enough cash flows to be able to service the loan. Members are eligible to apply for car loans or rent-to-buy arrangements, subject to the limit of their shares and savings, as well as ability to repay. You can also get other members to co-guarantee you for the loan.


Process

For you to access this facility, the following is the process that you will go through:

You must be a member of both the SME Association of Zimbabwe, as well as the SMEAZ SACCOS.
You must have savings that are at least one sixth of the purchase amount of the vehicle.
Your business will need to have been assessed to determine your ability to service the loan. This is done after you become a member of the SME Association of Zimbabwe.
You will need to identify a suitable vehicle which has all the necessary clearances. If importing, this will need to be done through a reputable agent, and the vehicle must meet all necessary requirements from the relevant regulatory agencies.
Once the vehicle has been secured, the registration book will remain in the custody of the SMEAZ SACCOS until the loan is fully repaid.


Terms and Conditions

You will need to remain a paid-up member of both the SME Association of Zimbabwe as well as the SMEAZ SACCOS for the entire duration of the loan period.
Should there be any missed installments, the vehicle will be temporarily recovered and held for a period of up to 90 days until installments are regularised.
Should installments not be regularised within the 90 day period, the motor vehicle will be disposed of and recoupments made on the outstanding loan balance plus interest.
The vehicle will need to be comprehensively insured for the entire duration of the loan period. The insurance will be ceded to the SMEAZ SACCOS.
The vehicle may not be disposed of or in any way transferred to a third party during the loan period. It may also not be taken out of the borders of Zimbabwe for this period

10/12/2024

As we reflect on the challenges of the past year, it's evident that the economic landscape in Zimbabwe has been testing for many businesses. The liquidity crunch and heightened competition have made it a tough journey, leading to less-than-ideal sales figures for most.

However, as we step into 2025, let's embrace a spirit of resilience and determination. Despite the adversities, we at the Savings and Credit Cooperative believe in the power of proactive financial planning.

Starting small can lead to significant accomplishments. By setting up a savings account with as little as USD 20 per month, you're taking a crucial step towards securing your financial future. Remember, the only person who can truly help you is yourself.

In times of uncertainty, remember that time waits for no one. Let's make the most out of the resources we have, no matter how limited they may seem. Each step towards financial stability is a step towards a brighter tomorrow.

Together, let's navigate these challenges with unwavering determination and a commitment to building a better financial future. Your dedication to saving today will pave the way for a more secure tomorrow.

01/11/2024

With only 61 days left until January 2025, it’s time to take charge of your financial future. One of the best steps you can take as a budding business owner is to open a savings account with the Sme Association Savings and Credit Cooperative.

Why you should Open a Savings Account with us:

1. Financial Security 🛅 you embark on your entrepreneurial journey, having a savings account provides a safety net for unexpected expenses or business fluctuations.

2. Funding Your Dreams ⛮ Whether you’re launching a startup, investing in new equipment, or planning for a marketing campaign, a dedicated savings account can help you accumulate the funds you need to turn your ideas into reality.

3. Interest Income 💷 Let your money work for you! Savings accounts typically earn interest, helping you grow your funds while you focus on your business.

4. Budgeting Skills ⛮ Opening a savings account encourages you to develop good financial habits, making it easier to track your income and expenses as you grow your business.

Don’t let the new year catch you off guard. Use these remaining days of 2024 to prepare and secure your financial future. Take a proactive step towards your business goals.

💡 How to Get Started

1. Visit our office SME Association of Zimbabwe or check our website https://saccos.smeaz.org.zw/?atid=8 to discover the savings account options designed for entrepreneurs.

13/10/2024

So let's talk about zvikwereti

Managing debt can be challenging for a small business owner since we are all aware that in the early stages of entrepreneurship the business and the owner are one. Events such as the death of a family member, sending a child to school abroad or unexpected health issues can disrupt the business' finances.
Here are some effective strategies to help you regain financial stability

1. Assess Your Financial Situation
- Review Your Debts - List all outstanding debts, including interest rates and payment terms.
- Calculate Cash Flow: Understand your income and expenses to identify areas for improvement.

2. Create a Debt Repayment Plan
- Prioritize Debts: Focus on high-interest debts first while making minimum payments on others.
- Set a Budget: Allocate a specific amount each month for debt repayment.

3. Negotiate with Creditors
-Open Communication: Reach out to creditors to discuss potential payment plans.

4. Increase Revenue Streams
- Diversify Offerings: Introduce new products or services to attract more customers.
- Explore Partnerships/Linkages: Collaborate with other businesses to expand your reach.

5. Cut Unnecessary Expenses
Review Expenses: Identify and eliminate non-essential costs.
- Optimize Operations: Streamline processes to improve efficiency and reduce overhead.

6. Seek Professional Advice
Consult Financial Advisors**: Get expert guidance on managing your debt and improving financial health.
Consider Debt Counseling**: Professional counselors can provide tailored strategies and support.

7. Stay Committed and Monitor Progress
- Track Your Progress**: Regularly review your financial situation to stay on track.
- Celebrate Small Wins 🥂 Acknowledge milestones in your debt repayment journey

02/10/2024

Consider a Savings Plan for Your Business

Did you know that many businesses fail because they don’t reinvest their profits wisely? Making poor financial decisions can jeopardize your hard work and dreams.
By setting up a savings plan and reinvesting a portion of your profits, you can help your business grow sustainably.

Join the SME Association of Zimbabwe (SMEAZ) SACCO today to start saving and gain access to experienced SME consultants who can assist you on your business journey.

Why Join?

Learn how to reinvest for better growth.
Get personalized support from our consultants.
Connect with other entrepreneurs.
Take the next step for your business today!