Savings & investment
Tooko
Tooko savings service
The Somali Ayuuto / Hagbad tradition, built for growth.
The Tooko Service adapts the traditional Somali Ayuuto/Hagbad system to promote financial inclusion and a culture of savings and investment among low-income individuals and small business owners.
Clients save funds over a pre-agreed period. At the end of that period, they receive an investment opportunity equal to their savings.
How it works
Agree a saving period
You and Maal Microfinance agree how long you will save for.
Save regularly
You build up your savings over the agreed period.
Access an investment opportunity
At the end of the period you receive an investment opportunity equal to your savings.
What it offers
For individuals
Investment opportunities, free business consultation and future investment plans.
For the community
Encourages job creation and a commitment culture among small business owners.
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