Get Sacco Training Manual Form

SACCOS enable farmers to create economies of scale in bargaining with urban banks and other financial institutions; they provide access to sustainable financial services; and, they provide low-income families with safe place to save their income at their area or village and reasonably priced loan (USAID ,2006).

Participation. ... Transparency and Easy Access to Information. ... Accountability. ... Consensus Orientation. ... Efficiency and Effectiveness. ... Equity.

A SACCOs is a self-help, unique member-driven, and democratic co-operative. It's governed, owned, and managed by its members who share a common bond like a labour union, working for the same employer, belonging to the same church, social fraternity or living in the same community.

Ten essential steps needed when setting up a Savings and Credit Co-operative. You will need a group of at least 10-20 people as your steering group. These will be the people who will do the business planning and set in place the policies of the SACCO.

From the above, it can be seen that a SACCO or any other type of cooperative has four basic characteristics namely, Member owned, Member used, Member controlled and Benefits member (UCA-Accounting and operational manual for SACCOs, 2002:3-4).

SACCOs is an abbreviation for Savings and Credit Co-Operative Society. ... These members join the SACCOs to put their savings together and provide loans to their own members at reasonable rates. The interest which is charged on the loans is used to cover the cost of the administration and the interest cost on savings.

Savings and Credit Cooperative Societies in Tanzania Savings and Credit Cooperative Society (SACCOS) is one of the types of primary cooperatives societies. It is a private and cooperative financial intermediary where membership is open and voluntary. It belongs to its members who manage it democratically.

NON DEPOSIT TAKING SACCO REGISTRATION: Formal request in writing with intent for the formation of a sacco. Proposed names for search and approval; Objects of the society; The number of members in the society (At least 10 members);

The main reason SACCOs are failing in Uganda is because they have no legal setting and therefore cannot sue to recover what they have lent.