SACCOS is defined as “a group of persons, with a legal personality, not for profit, with open-ended capital, based on principles of unity, solidarity and mutual assistance, whose primary purpose is to take savings from its members and grant them loans”
Must be a registered SACCOS and recognized by Tanzania Cooperative Development Commission (Registered under Cooperative Act and Microfinance Act)
Must fill members application form Below
Pay entrance fee (Tsh. 100,000/=).
Purchase twenty five (25) number of shares amounting to Tshs. 500,000/= (Share value Tsh. 20,000/= at per).
You will be subjected to pay annual fees (league dues) every year after becoming a member so as to maintain your activeness as instructed in the application form.
There are seven basic principles of cooperative which are: