SAVINGS WAYA WAYA
Save for what matters. Grow what you keep.
Savings Waya Waya is INNOVA's member savings suite for household goals, longer-term growth and business-building capital. Member savings earn variable interest through approved cooperative lending and productive financing activity inside the Waya Waya economy.
Three savings pathways. Three different jobs for your money.
The savings suite starts with the goal. Each product has its own contribution, access and redemption rules, while the wider pool is governed through INNOVA's approved savings and finance framework.
HOUSEHOLD GOAL
December Grocery Savings Pocket
Build grocery purchasing power throughout the year, earn variable interest, then move the available balance into the December Waya Waya shopping cycle.
ZOOM INLONGER-TERM GROWTH
Growth & Investment Savings
Keep savings working for an agreed period instead of tying the goal to one calendar event. Variable returns follow the approved product terms.
ZOOM INBUSINESS CAPITAL
Business Builder Savings
Business owners and traders save in structured cohorts that rotate access to accumulated startup or expansion capital while building a connected value chain.
ZOOM INWhat you get from Savings Waya Waya.
A savings relationship designed around real household and enterprise outcomes rather than saving without a destination.
Structured savings products for different goals.
Variable interest through approved cooperative lending and financing activity.
Individual, group and business-cohort participation according to the product.
Productive use of pooled capital without directly matching one saver to one borrower.
Connection to Waya Waya demand, trade and business-building activity.
Clear product-specific contribution, access and redemption rules.
DECEMBER GROCERY SAVINGS POCKET
Save through the year. Earn while you save. Shop when December arrives.
The Grocery Savings Pocket turns a known year-end household need into a structured savings plan. The balance earns variable interest through approved Waya Waya Order Financing and other approved cooperative financing activity during the savings period.
Build the pocket
Monthly contributions start from the end of January. The minimum contribution is E200 per month, with a higher amount chosen according to the member's target.
Earn variable interest
Eligible pooled savings support approved order-financing activity. Interest credited to the Pocket varies according to the approved product and financing performance; it is not a fixed guaranteed rate.
Use the goal
In the first week of December, the available savings balance moves into Stokvel Waya Waya for grocery shopping through Mela Shopper.
Save individually or as a group.Individuals set their own target. Groups set a shared target and divide the contribution between participants.
Already saved elsewhere?From the second week of November, a once-off deposit or top-up brings external savings into the December shopping cycle.
GROWTH & INVESTMENT SAVINGS
Not every saving goal ends on a shopping date.
Growth & Investment Savings keeps member capital working for an agreed period under the approved savings and investment schedule. The product is for members building a longer-term financial goal rather than a fixed seasonal purchase.
Agreed termThe saving period and access rules are set in the approved product schedule.
Variable growthReturns arise from approved productive lending and financing activity and are not advertised as a fixed guaranteed percentage.
Governed poolLiquidity, reserves, risk and eligible deployment are managed collectively under INNOVA's approved framework.
BUSINESS BUILDER SAVINGS
Save together. Capitalise one business at a time. Build the value chain together.
Business Builder Savings is for business owners and traders building startup or expansion capital. Participants enter structured cohorts, with payout cycles rotating through qualifying members for approved business use.
Join a relevant cohort
Businesses are grouped around complementary industries and value-chain relationships rather than random membership.
Rotate the capital
The accumulated payout moves through the cohort according to the approved cycle and is used for startup or expansion capital.
Build the ecosystem
Participants are connected to suppliers, buyers, Mela Shopper, Waya Waya demand and businesses that can trade with one another.
Build the business too
The wider Business Builder programme adds technical assistance, training, business and operating plans, market readiness and capital preparation.
How member savings earn.
INNOVA does not directly match one member's deposit to one borrower. Savings are pooled and governed. Eligible capital is deployed into approved productive financing, including Waya Waya Order Financing, while liquidity and reserves remain part of the model.
Members saveCapital enters an approved savings product.
INNOVA poolsLiquidity, reserves and deployment are governed collectively.
Orders are verifiedApproved Waya Waya and B2B demand creates productive financing opportunities.
Finance is deployedQualifying order and business finance supports fulfilment.
Finance earnsApproved financing income supports the variable interest credited under product rules.
Capital returnsRepayment replenishes the pool for member savings and future productive use.
Interest is earned, but the rate is variable. The applicable rate, contribution rules, term and access conditions are published in the approved product schedule. No fixed return is promised on this public page.
SAVINGS ALREADY HELD ELSEWHERE
Bring an existing saving goal into the Waya Waya journey when the product allows it.
Tracking and approved top-up routes let members connect savings held elsewhere to a Waya Waya goal without presenting external savings as though INNOVA held them throughout the year. The December Pocket's November top-up route is one example.
SAVINGS WITH A PURPOSE
Household goals. Longer-term growth. Business capital.
Savings Waya Waya gives each goal its own route while allowing member capital to strengthen productive activity across the wider INNOVA and Waya Waya economy.