Savings, it is money put aside on a regular basis
Our savings products
Savings deposit or Demand deposit
This product allows you to deposit your money and to withdraw it when needed. It is non-interest bearing.
Term Savings
This product allows you to deposit your money and to withdraw it, with or without an agreed date.
- Gold term deposit: 5,000,000 with 5% interest rate
- Silver Term deposit: 2,500,000 with 3% interest rate
Tontine term savings
It is a product that allows you to build up savings on a daily basis over one month (31 daily deposits), or monthly over 6 months (6 deposits).
- Minimum daily deposit: 100 CFA francs
- Minimum monthly deposit: 2000 CFA francs
Retirement savings
Subscribing to this product allows you to set up a retirement fund or a supplementary retirement fund.
- Annual interest rate: 4%
Education Savings
This savings allows parents to prepare for their children’s future or to prepare themselves for higher education costs in the future.
- Annual interest rate: 4%
- Minimum monthly deposit: 500 CFA francs
Investment savings plan
FAQ
1Who can benefit from our services?
MicroAID services are open to any individual or legal entity, regardless of religion, gender, social status or ethnicity.
2How to become a member of MicroAID?
To be a member of MicroAID, you need to:
- Pay at least one membership share of 10,000 CFA francs ;
- Pay the membership fee of 1,000 CFA francs.
3How to open an account at MicroAID?
For an individual
- A sum of 2,000 CFA francs
- A sum of 1,000 CFA francs for application fees;
- Two (2) recent ID photos
- A copy of the ID card
- A minimum of 5,000 CFA francs
- A minimum of 1,000 CFA francs for application fees
- Two (2) recent ID photos
