Society Reg Step 1: Complete Form
Complete the SMART Co-op application form in full and attach management committee ID copies and the Society registration certificate. On presentation of a completed form the societys credentials will be added to the ZNCF smart co-op online platform. Admin credentials will be sent to the management committee and clerk to access the system
Society Reg Step 2: Upload co-operators
Click here to upload co-operator details. Co-operators can also follow this link to upload their details from anywhere in the world
Society Reg Step 3: Computers
When the registered co-operators reach 50. Society clerk will be contacted to complete the application forms to receive a computer, printer, telephone and internet connectivity .
Join a SACCO Today
...I am sorry, but you do not qualify for a loan at this moment, but you can try next time when you have substantial security... Those are some of the words that you will often hear from a bank loan officer when trying to access a loan from your bank, which you have been an esteemed customer for over a period of time. It has become increasing difficult to access loans from a bank these days. But what if we told you that all that struggle and suffering to acquire a loan can end right now. What if we told you there is another way through a SACCO. Yes, saccos are becoming more popular nowadays especially with people who have had little success acquiring loans from a bank,employees on contract, new upcoming business people etc. SACCO is an acronym for Savings and Credit Co-operative Society. SACCOs are usually formed and run by members with a common goal and vision and that is mainly to provide financial power to its members. The underlying principle of a SACCO is to save and provide credit facility to its members. So what are some of the advantages of becoming a member of a SACCO?
- SAVINGS Saccos help you to save. As a member you are usually required to contribute a certain amount of money towards your savings. You all know how it is hard to save especially if you do not have a specific goal in mind. But with a Sacco you can continuously keep on saving until that day that you will come up with an idea for something. It could be a business, buying land, a house etc.
- LOANS It is much easier to secure a loan from a sacco as opposed other financial institutions. As a member you are usually entitled to getting a loan that is usually worth a certain number of times the value of your deposits. It could be three or four times depending on the sacco policies. In addition to the ease of acquiring a loan the interest charged on the loans is usually much cheaper than other financial institutions.
- DIVIDENDS As a sacco member you are a co-owner of the sacco and therefore you are entitled to dividends annually. Saccos usually pay a good dividend rate on your entire savings.
- SMART SACCO Register here to join a SMART SACCO affiliated with ZNCF. Like any bank account your transactions are recorded electronically, you have access to your satement, savings and loans even on your mobile. Join a SMART SACCO today.
Rationale for establishment of the federation
To give direction to the co-operatives movement in all the sectors under the apexes. To address current and future challenges facing cooperatives. To understand and continue to build best practices within the Cooperative movement. To share experiences and challenges in strengthening the cooperatives movement. To contribute to existing and increased collaboration and information sharing amoung cooperatives development agencies.