SACCOs, or Savings and Credit Cooperative Organizations, are member-owned financial institutions that provide savings and credit services to their members.
If you are looking to start a SACCO, there are several steps you need to take to get ready for registration. We help you through all the processes, these may
include but are not limited to how you:
A business plan is a written document that outlines your goals, objectives, and strategies for running the SACCO. Your business plan should also include financial
projections, marketing strategies, and management structure.
Before you can start operating your SACCO, you need to register it with the relevant regulatory authorities in your country. This process involves submitting the
necessary documents and paying the required fees
Your SACCO needs to have well-documented policies and procedures that guide its operations. These policies and procedures should cover areas such as lending,
savings, membership, governance, and risk management.
You need to hire qualified and experienced staff to manage the day-to-day operations of your SACCO. This includes a CEO, a finance manager, a credit officer,
and a customer service representative.
Your SACCO needs to keep accurate records of its financial transactions. You should set up accounting systems that allow you to track savings, loans, and other
transactions.
You need to attract members to your SACCO to grow your membership base and increase your savings and loan portfolio. Develop a marketing plan that outlines your
target market, advertising strategies, and promotional activities.
Your SACCO needs to have systems in place to manage risks such as credit risk, interest rate risk, and liquidity risk. Develop risk management policies and procedures that
guide your SACCO’s risk management activities.
We will aid you in preparation to participate in regional and continental SACCO conferences such as the Annual SACCA congress
