Ziphakamise SACCO is a cooperative financial institution (CFI) that has been in operation from 1999. It got the CFI in 2013 and has gathered more than 600 members. It boast total assets of about R6 million, a loan book of R3.6 million on a deposit base of R4 million.
Financial Cooperatives Stokvels How Does It work?
KwaZulu Ladies Empowerment Club was originally formed as a stokvel by a group of women. Starting out in 2007 the entity grew to earn a cooperative financial institution (CFI) license in 2014
Ujuh Research Bakenberg financial services cooperative has been running as a licenced CFI from 2013. It has since grown to […]
Eyakwethu Cooperative Financial Institution (CFI) secured its loan granting and deposit taking licence from the Cooperative Development Banking Agency in May 2016. It is made by members of Consumer Cooperative Limited. It earned its license with 397 members R202 070 in assets and about R22 000 in deposits.
Mzansi Arts and Craft Cooperative Financial Institution (CFI) secured its loan granting and deposit taking licence from the Cooperative Development […]
The Young Women in Business Network (YWBN) is one of the latest and dynamic additions into the South African cooperative banking sector. It entered the landscape in 2015 through a cooperative financial institution licence (CFI).
KCB is a South African based cooperative bank in the making anchored by a long term vision to create a […]