Ownership model
In a SACCO, members are the owners.
The cooperative model
Ownership is the product.
In a SACCO there are no outside shareholders. The members who save are the members who borrow, and the members who own.
- 01
Members save and buy shares
Regular savings and share capital create a pool owned by the members.
- 02
The pool finances members
Members borrow from that pool at transparent, cooperative terms.
- 03
Repayments rebuild the pool
Every repayment returns to the fund that serves the next member.
- 04
Members decide on surpluses
At the AGM, members decide how surpluses are used, including any dividend.
Our principles
Seven cooperative principles
- 01Voluntary and open membership
- 02Democratic member control: one member, one vote
- 03Member economic participation through shares and savings
- 04Autonomy and independence
- 05Education, training and information
- 06Cooperation among cooperatives
- 07Concern for community
Sharing the surplus
How a year’s surplus is used
| Statutory reserve fund | 25% |
|---|---|
| Member education and training fund | 5% |
| Development and innovation fund | 10% |
| Savings protection fund | 5% |
| Dividends on shares and patronage rebates | Up to 50% |
| Community and social responsibility fund | 5% |
As proposed. Members approve the actual distribution at the general meeting each year.
Membership benefits
More than an account. A stake in shared progress.
Genuine ownership
Share capital makes you a co-owner with a vote on how the SACCO is run.
Fair, transparent credit
Clear terms, published calculation methods and no hidden charges.
Clusters and programmes
Produce alongside fellow graduates in enterprise clusters and reach Government programmes through one window.
Training and mentorship
Business training, mentoring and market linkages, funded by the member education fund.
Digital by default
Check balances, apply for loans and download statements from your phone.
Protected and accountable
Strong controls, audited accounts and secure handling of your data.