Apply In-Person

1. To Savings and Credit Cooperative (SACCO) License, the applicant has to approach Federal Cooperative Agency of Ethiopia contact link
2. The authority officer will provide the application form for Savings and Credit Cooperative (SACCO) License.
3. Applicant has to fill-in all the necessary details in the application form.
4. Make sure that you have all the documents mentioned in the “Required Documents” section of this page.
5. Applicant has to attach the photocopies along with the application form.
6. Submit the application form to the office and pay the prescribed application fee and submit the receipt as a proof of payment.
7. Upon the successful registration, the renewal of license will be issued within 7days.
   

• License Renewal Application Form
• Fit and Proper Test
• Certified copy of the Society Registration certificate
• Verified official notification of the Society's registered head office
• Certified copy of the Society's Bylaws
• Business Plan and/or Feasibility Study
• Approved ADM/AGM minutes approving application for the deposit taking license
• Proposed name of the CEO
• Preceding 3 years audited accounts
• Proof of adequate capital
  

Federal Cooperative Agency,
Ethiopia
PO Box: 19787
Mexico Shoa Bread Building
Phone -0115573448
Contact details link
Facebook link

Provide eligibility criteria's for going through this procedure.

Fee for this procedure has to be paid as per the authority request.

The license is valid for one year.

Please attach documents that can be used by people. e.g. links

Please attach sample completed documents that would help other people.

The processing time for license is takes up-to 7days.

Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.

Please provide other instructions related to the certificate/documents.
e.g. The state office holds birth records since January 1908.

• Name of Sacco Society
• C.S. No.
• Date of Registration
• Date of Issuance of last license
• Current license No
• Location of Registered Office
• Physical Address of Head Office
• L.R. No
• Street
• Building
• Postal Address
• Postal Code
• Telephone No.
• P.I.N. No
• E-mail Address
• Names of places of business in Ethiopia and the number of years each has been established and has conducted or carried out business
• Former name(s), if applicable, by which the Sacco society has been known
• Details of Capital
• Particulars of Officers
• Names of Bankers and their Address
• If the Sacco society ever been put under receivership or made any compromise or arrangement with its creditors or otherwise failed to satisfy creditors in full
• If the Sacco society under investigation by an inspector or other authorized officer of any government ministry, department or agency, professional association or other regulatory body or has any investigation ever taken place in the affairs of the Sacco society
• If the Sacco society currently engaged or does it expect to be involved in any litigation which may have a material effect on the resources of the Sacco Society
• Declaration
  

Please provide the need for the procedure. e.g. Birth Certificate - why do we need to have a birth certificate?

Enter other information’s which might help.

Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.

Place some external links which might help.

More information which might help people.