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Uganda - . Apply for a SACCO Licence. (Savings and Credit Cooperative Organizations)

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  1. Licence or Permit to operate a SACCO can be obtained from Uganda Microfinance regulatory Authority.
    • A SACCO shall not carry on the business of financial Services unless it is-
      • a registered society; and
      • Licensed under the Act.
  2. Prepare the necessary background and relevant information then fill up the appropriate application form as described by the Microfinance Regulatory Authority.
    • The documents to be attached on the application form includes:
      • a certified copy of the certificate of registration issued under the Cooperative Societies Act;
      • the organizational structure and management of the registered society;
      • the business plan of the registered society;
      • the credit policies and lending policies of the registered society.
  3. After filling the form proceed to pay the prescribed fee.
  4. Submit the dully filled in form and attached with pay slip to the finance Officer in charge SACCO Registration.
  5. Ensure that the application fee is submitted and all required information is included with application.
  6. Collect your SACCO Licence certificate from where your application was submitted within 21 days from the date the application was received at Microfinance Regulatory Authority in case there is no rejection.

Required Documents[edit]

  • Certified copy of the Certificate of Incorporation is issued under a Cooperative societies Act.
  • Certified copy of the tax Personal Identification Number PIN certificate.
  • Certified copy of the registered Memorandum and Articles of Association indicating core capital at least UGshs 5 million.
  • Verified official notification of the company‚Äôs registered place of business, including the prospective places of business (Head Office,branches,agency and outlets,if any Registered Address(certified Copy)
  • Pay a non-refundable application fee of UGshs 50,000 to the Microfinance regulatory Authority.
  • Forms of particulars of directors and company Secretary (certified Copies Form) National Identity Cards for all the directors and company secretary
  • Certificates of good conduct for all the directors
  • Proof of payment of fees for application of the licence.
  • A copy of the interest rates according to the categories of loans products offered.
  • Memorandum and articles of association.(certified copy )
  • TIN Number and a business plan of the registered society.
  • Organisation Structure and management of the registered society.
  • Objective statement of the registered society in relation to offering financial services.
  • Credit policies and lending procedures of a registered society.

Office Locations & Contacts[edit]

Uganda Microfinance Regulatory Authority - HEAD OFFICE,
Physical Address: Rwenzori Towers, Block B
Ground Floor, Plot 6 Nakasero Road
Postal Address: P.O Box 11545
Kampala , Uganda
Call: 256 417 799 700
Toll - free: 0800 111 449
Email Us: [email protected] / [email protected]
Website: LInk

Uganda Cooperative Saving and Credit Union (UCSCU)
P.O.Box 7103 Kampala.
Plot 239 Maganjo, Bombo Road, Kampala
Tel : +256 414 233 601,
Fax : +256 414 233 598
Email : [email protected],
Website : Link

Registrar of cooperative societies
Ministry of Trade, Industry and Cooperatives,
Room 608, Floor 6, Farmers House,Parliament Avenue,
Po Box 7103 Kampala,
Tel: 0312 324 000/+256-312 324 268/230
Alt: 0414 230 916 Uganda
Website: Link


  • In order to be eligible, a society must have a sole aim of promoting economic and social interests of its members in accordance with cooperative principles and should be capable of promoting those interests.


  • License Fee: 2,000,000 Ugshs
  • Renewal Fee: 2,000,000 Ugshs
  • Registration fee UGshs 50000 Account No.6000010330 Barclays Bank IPS Branch Account
  • Buy Co-operative Bye laws.
    • Shs.15000/= for savings & Credit bye laws
    • Shs. 10000/=for multi-purpose bye laws
  • Business name registration
    • Company/business name search registration fees Ugshs.2,200
    • Reservation of the name fees Ugshs.20,000.


  • A Licence issued under this Act is valid for one year and expire on 31 December every year.

Documents to Use[edit]

Application Form

Sample Documents[edit]

Please attach sample completed documents that would help other people.

Processing Time[edit]

  • Maximum Processing Time: 21 Days.

Related Videos[edit]

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 '' Video ID is 'Y0US7oR_t3M'.


  • A SACCO shall not borrow an amount which in aggregate exceeds the limit prescribed by the Uganda Regulatory Microfinance Authority.
  • A SACCO shall provide financial services only to its members.
  • A SACCO which is licensed under this Act shall include the words "Savings and Credit Cooperative Society" or "SACCO" in its name.
  • Where the SACCO fails to pay the annual fee prescribed under subsection (1), the licence shall be cancelled.

Required Information[edit]

  1. Full name of owner
  2. Physical address of the head office:
  3. Postal address
  4. Email.
  5. Telephone number.
  6. Purpose of the application.
  7. Organizational structure and management of the registered society.
  8. Core Capital.
  9. Institutional capital
  10. methodologies of delivering products and services
  11. Evidence of the membership and shareholding of Members.
  12. Statement on economic and financial environment of registered society

Need for the Document[edit]

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

Information which might help[edit]

It is apparent that SACCOs are governed by two separate laws, they are registered under the Cooperative Societies Act and licensed under the Tier 4 Microfinance and Money Lenders Act 2016 Act.

Other uses of the Document/Certificate[edit]

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

External Links[edit]


A person who knowingly or recklessly furnishes a document or information which is false or misleading in a material particular in connection with an application for a licence commits an offence and is liable on conviction to a fine not exceeding one hundred currency points or imprisonment not exceeding two years or both.

  • A cooperative is officially recognized by the government;
  • Creation of job opportunities to the people in the society;
  • The cooperative is safe guarded by local government if registered, for instance no one can use the cooperatives name;
  • A registered cooperative has some legal liability protection. Thus, it may be easier to obtain business insurance, or attract investors.
  • A registered cooperation has benefit of continuity for instance even when the founders pass away it can still operate.