SCCULT (1992) LTD PROJECTS

Central Financing Facility

Strengthening SACCOS through shared financial resources

The Central Financing Facility (CFF) is SCCULT (1992) Ltd’s shared financing mechanism for member Savings and Credit Cooperative Societies (SACCOS). By pooling savings and providing loans, CFF helps SACCOS manage liquidity, support their members’ economic activities and invest in the technology they need to deliver services.

Explore Loan Products Contact CFF Team

Shared Resources. Stronger SACCOS.

A cooperative financing mechanism that mobilises savings and provides structured financial support to eligible SCCULT member SACCOS.

Established / Revived 2021

Initial Seed Funding EUR 100,000

Financing Approach Shared Resources

TZS 2.13B Total Loans Disbursed Reported historical lending

42 Beneficiary SACCOS Participating institutions

1,355 Individual Beneficiaries Members reached through SACCOS

TZS 504M Reported Fund Capital Up from TZS 270 million

ABOUT THE FACILITY

What is the Central Financing Facility?

The Central Financing Facility (CFF) is SCCULT (1992) Ltd’s shared financing mechanism for member Savings and Credit Cooperative Societies (SACCOS).

By pooling savings and providing loans, CFF helps SACCOS manage liquidity, support their members’ economic activities and invest in the technology they need to deliver services.

CFF serves eligible SCCULT member SACCOS. Individual members benefit through their own SACCOS rather than borrowing directly from the facility.

CFF is designed to strengthen the financial capacity of SACCOS through shared savings, responsible lending and cooperative financial development.

OUR SERVICES

What CFF Offers

Financial solutions designed to respond to the operational and development needs of member SACCOS.

Loan Financing

Loans for liquidity needs, productive activities and urgent financial requirements.

ICT Financing

Financing for ICT equipment and installation of the SOMA system.

Savings & Deposits

Compulsory and voluntary savings, alongside fixed-term deposits.

Financial Guidance

Financial management and investment guidance to support participating SACCOS.

THE CFF MODEL

Cooperation That Builds Financial Capacity

CFF enables SACCOS to contribute to a common pool of resources and access financing when they meet the facility’s lending requirements. Savings strengthen the fund’s capacity to lend, while loan repayments make resources available to support other participating SACCOS.

SACCOS Savings

Shared CFF Fund

SACCOS Financing

FINANCIAL SOLUTIONS

CFF Loan Products

Choose financing that matches your SACCOS’ needs. Loan amounts and repayment periods are subject to appraisal, available funds, applicable lending limits and approval.

Loan Product	Loan Amount (TZS)	Maximum Term	Interest on Reducing Balance
Liquidity Loan	10M – 100M	12 Months	10% per year
Productive Activities Loan	10M – 100M	24 Months	10% per year
Emergency Loan	10M – 50M	6 Months	2% per month
ICT Equipment Loan	200K – 10M	6 Months	2% per month
SOMA System Loan	2M – 10M	12 Months	10% per year

Important: All loan products are subject to appraisal and approval. The applicable loan amount, repayment period, charges and repayment schedule will be confirmed in the approved loan agreement.

Liquidity Loan

Support your SACCOS in meeting short- and medium-term liquidity needs and maintaining its capacity to serve members. Repayments are made monthly.

Productive Activities Loan

Access financing for onward lending to members engaged in business, agriculture and other productive economic activities. For seasonal agricultural activities, quarterly repayments may be approved by the CFF Committee after assessing the proposed use of funds and harvest cycle. The repayment schedule is agreed during appraisal.

Emergency Loan

Address urgent liquidity needs with short-term financing. Repayments are made monthly over a period of up to six months.

ICT Equipment Loan

Finance technology equipment for your SACCOS. SCCULT selects the supplier, pays the supplier directly and oversees delivery after loan approval. Repayments are made monthly.

SOMA System Loan

Finance the initial installation of the SOMA system where your SACCOS needs the system but cannot meet the upfront costs. SCCULT covers the initial installation costs, and your SACCOS repays the financing monthly under the loan agreement.

BEFORE YOU APPLY

Loan Costs and Eligibility

Understand the cost of borrowing and the requirements your SACCOS must meet before applying.

Understand the Cost of Borrowing

All five loan products carry a processing fee of 2% of the total loan amount.

Interest is calculated on a reducing balance, meaning it is charged on the outstanding principal as the loan is repaid. Annual and monthly rates are identified separately in the product table.

Late repayments attract a penalty of 5% of the overdue instalment amount for each month or part of a month that payment remains overdue.

Borrowing SACCOS also meet applicable costs of collateral valuation, registration, insurance and enforcement under the loan agreement.

If a loan is repaid in full before maturity, interest is not charged for the remaining period to maturity. Your loan agreement and repayment schedule set out the approved amount, charges and payment dates.

Who Can Apply?

A registered SACCOS with a valid licence to provide microfinance services.
An active member of SCCULT (1992) Ltd that meets CFF policy requirements.
A SACCOS that has started saving with CFF and completed the required 90-day waiting period.
A SACCOS with acceptable repayment capacity, credit history and security.
No disqualifying outstanding CFF loan or overdue borrowing elsewhere.

10× Recognised CFF Savings

How Much Can a SACCOS Borrow?

A SACCOS may be considered for financing of up to ten times its recognised CFF savings. This is a ceiling, rather than an automatic entitlement. The approved amount also depends on the product limit, repayment capacity, risk assessment, available funds and other policy requirements.

The policy also limits lending to any one member SACCOS to 10% of SCCULT (1992) Ltd’s total share capital, or the applicable regulatory limit. The CFF team will assess the limits relevant to your application.

RISK MANAGEMENT

Loan Security and Insurance

Acceptable security is required. CFF savings and deposits may form part of the security package.

Contact the CFF team to confirm the property documentation, valuation and repayment arrangements required for your application.

Loan security and insurance arrangements are important components of responsible lending and protection of the CFF financing mechanism.

Member Loan Insurance

Members receiving onward loans financed through CFF must have loan insurance through a cooperative institution providing loan insurance.

The borrowing SACCOS must submit:

The insurance contract.
A list of financed members.
Each financed member’s loan amount.
Required information within 14 days of receiving CFF funds.

APPLICATION PROCESS

How to Apply for a CFF Loan

Follow the application process below to prepare, submit and complete your SACCOS financing request.

Discuss Your Financing Needs

Contact SCCULT’s CFF team to identify the appropriate product and confirm membership, savings, eligibility and security requirements.

Obtain the loan application and guarantor forms.

Prepare Your Application

Complete the application form and prepare the supporting documents required by the policy:

Loan application letter and completed application and guarantor forms.
General Meeting minutes approving the borrowing limit and Board minutes authorising borrowing from CFF.
Borrowing limit certificate.
Audited financial statements for three consecutive financial years.
Certified SACCOS bylaws, registration certificate and valid microfinance business licence.
Members’ loan insurance policy.
Bank statements for the previous six months and a quarterly management report.
Mortgage registration certificate and other applicable security documents.

Submit the Documents

Submit the application to SCCULT (1992) Ltd headquarters and send soft copies to SCCULT’s designated email address.

The CFF team checks the forms and supporting documents before appraisal.

Appraisal and Decision

CFF assesses the SACCOS’ credit history, repayment capacity, savings, proposed security and purpose of borrowing.

The application is reviewed through the relevant management and approval structures. No loan commitment is made before approval.

Complete the Agreement and Receive Financing

Following approval, complete the loan agreement, processing fee payment, guarantor forms and security documentation.

An approved repayment schedule forms part of the lending arrangements. Disbursements to SACCOS are made through bank accounts; ICT equipment suppliers are paid directly by SCCULT.

Repay and Report

Repay principal and interest through the designated SCCULT bank account in line with the agreed schedule.

Provide required insurance documents and beneficiary information, and maintain communication with the CFF team throughout the loan period.

SAVINGS & INVESTMENT

Savings Deposits and CFF Results

Build your SACCOS savings with CFF and contribute to a stronger shared pool of cooperative financial resources.

Build Your SACCOS Savings with CFF

Member savings strengthen the pool of resources available to finance SACCOS. CFF accepts compulsory savings and voluntary savings. Voluntary savings may be made after the compulsory savings requirement has been met. Contact the CFF team for the applicable contribution schedule, interest terms and withdrawal conditions.

Fixed-Term Deposits

SACCOS can place fixed-term deposits for periods of one to five years. Interest rates are agreed with SCCULT, taking account of market conditions and the investment term. Contact CFF for the applicable minimum deposit and available terms.

Withdrawing a fixed-term deposit before maturity results in loss of the agreed interest for the investment period. Unless the SACCOS instructs otherwise, a matured deposit is automatically renewed at the terms then in force, with earned interest added to the principal.

OUR JOURNEY

Growing Together Through Cooperative Financing

REVIVED IN 2021

CFF was revived in 2021 through cooperation between SCCULT (1992) Ltd and DSIK, with seed funding of EUR 100,000, approximately TZS 270 million.

The facility was established to help SACCOS access liquidity financing and strengthen their capacity to serve members.

Through shared resources, responsible financing and member participation, CFF continues to contribute to the development of stronger cooperative financial institutions.

CFF Performance Results

REPORTED TO DECEMBER 2025

TZS 504M Fund Capital

TZS 2.13B Total Value of Loans Disbursed

42 SACCOS That Benefited

1,355 Individual Beneficiaries

611 Women Beneficiaries

744 Men Beneficiaries

TZS 154.3M Member Savings

EUR 100K Initial Seed Funding

Beneficiary Distribution 1,355 Members

Women: 611 (45%) Men: 744 (55%)

Source: SCCULT CFF performance article reporting results to November 2026. These are historical results, not current balances or a forecast of future performance. The loan disbursement figure represents lending reported over the period, rather than the outstanding loan balance.

Looking Ahead

SCCULT aims to expand CFF participation, grow the fund’s capital, strengthen loan management and increase the use of ICT in service delivery. Product development will continue to respond to the needs of member SACCOS.

HELP & INFORMATION

Frequently Asked Questions

Find answers to common questions about CFF financing, savings, eligibility and applications.

Can an individual apply directly to CFF?

CFF lends to eligible SCCULT member SACCOS. Individuals access the benefits through their SACCOS and its own lending arrangements.

Can a SACCOS deposit savings and borrow immediately?

No. The policy requires a 90-day period after the SACCOS begins saving with CFF before it can access loan services, alongside the other eligibility requirements.

Does saving with CFF guarantee a loan?

No. Every application is appraised and requires approval. Savings, repayment capacity, security, available funds and the applicable lending limits all affect the decision.

Is every CFF loan charged at 10% per year?

No. Liquidity, Productive Activities and SOMA System Loans are listed at 10% per year. Emergency and ICT Equipment Loans are listed at 2% per month. All are calculated on a reducing balance and carry a 2% processing fee.

Can CFF finance agricultural activities?

Yes. Agricultural financing falls under the Productive Activities Loan. A seasonal repayment arrangement, including quarterly payments, may be approved after appraisal.

Can CFF help install the SOMA system?

Yes. The SOMA System Loan finances initial installation costs, with financing from TZS 2 million to TZS 10 million and monthly repayments over up to 12 months, subject to approval.

How do we get started?

Contact the CFF team at SCCULT (1992) Ltd to discuss the product you need, confirm the applicable requirements and obtain the application documents.

CFF DOCUMENTS

Request CFF Documents

Access the official CFF policy and loan application documents. Submit your SACCOS details below to request the documents through your registered email address.

DOCUMENT CENTRE

Everything You Need to Get Started

The following documents provide guidance on CFF policies, financing requirements and the loan application process. Submit your SACCOS details to request both documents.

CFF Policy Document

Official policy, procedures and financing guidelines

CFF Loan Application Form

Application form for eligible member SACCOS

REQUEST DOCUMENTS

Enter Your SACCOS Details

Please provide a valid SACCOS email address and registration number. Both documents will be requested together.

SACCOS Email Address * Enter the official email address where the requested documents should be sent.

SACCOS Registration Number * Format: XXX-XXX-XXX-XX-YYYY-NNNN. The registration number will be automatically formatted.

Your SACCOS information will be used to process this document request. Please ensure that the email address and registration number provided are accurate.

GET IN TOUCH

Ready to Strengthen Your SACCOS?

Contact SCCULT (1992) Ltd’s CFF team to discuss your financing needs, understand the applicable requirements and obtain the relevant application documents.

Contact CFF Team

Email Address said.sakuru@sccult.tz

General Enquiries Info@sccult.tz

Telephone +255 657 339 372
+255 791 339 374

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The Savings and Credit Cooperative Union League of Tanzania (SCCULT) 1992 LTD