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Savings & investment

Tooko

Tooko savings service

The Somali Ayuuto / Hagbad tradition, built for growth.

Speak to the team+252 615 532 527
Customers wait in the Maal Microfinance branch while staff at service desks help clients

Overview

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

  1. 1

    Step 1

    Agree a saving period

    You and Maal Microfinance agree how long you will save for.

  2. 2

    Step 2

    Save regularly

    You build up your savings over the agreed period.

  3. 3

    Step 3

    Access an investment opportunity

    At the end of the period you receive an investment opportunity equal to your savings.

What it offers

  • For individualsInvestment opportunities, free business consultation and future investment plans.
  • For the communityEncourages job creation and a commitment culture among small business owners.

Financing that goes with it

  • A woman farmer stands in her field of maize and groundnuts

    Farming, livestock & fisheries

    Beermaal

    Agricultural financing

    Financing for small-scale farmers to expand operations, buy inputs and improve irrigation.

    Learn more
  • A farmer tends a field of maize and groundnuts in Afgooye while goats graze nearby

    Groups & cooperatives

    Taak-Maal

    Producer group financing

    For agricultural producer groups in farming, livestock and fisheries.

    Learn more
  • Maal Microfinance staff register clients at a community meeting beside a Maal banner

    Groups & cooperatives

    Iska-Maal

    Cooperative financing

    Accessible financing that helps cooperative groups scale and work more efficiently.

    Learn more

More services

  • Entrance of the Maal Microfinance L.T.D office with the Maal logo above the doorSavings & investment

    Taran

    Taran fixed saving (Mudaraba)

    Deposit funds for a fixed term and receive a portion of the profits earned from investing the pooled resources.

    Learn more
  • A young woman smiles inside her small grocery shopPayments & family support

    Taakulo

    Taakulo programme

    Support family, friends or community members: your deposit provides 75% of the assistance and Maal Microfinance adds the other 25%, paid out as a revolving loan.

    Learn more
  • A tuk-tuk owner stands beside his three-wheeler on a Mogadishu streetPayments & family support

    Tanaad

    Tanaad family payment programme

    Make one annual payment and Maal Microfinance distributes monthly payments to the people you support — at home or abroad.

    Learn more