Under the general principles of financial safety and soundness, the purpose of the Savings and Credit Cooperative Society is to provide its members with the following:

Offer members savings and credit services and other financial products as may be required by members from time to time.

Provide members with credit facilities for purposes of development through acquisition of assets.

Provide an opportunity for members to improve their respective economic, social and financial conditions.

Encourage and develop a savings culture among members so as to develop a wide capital base for accessing external sources of funds at fair and reasonable interest rates as a result of enhanced bargaining power.

Offer savings, deposits and related services earning competitive rates of interest while minimising financial risks on such savings.

Provide loan services at cost allowing the Society to cover its costs including legal reserves, reserves for loans and other required reserves.

Minimise the risk of loan defaulters through efficient and effective loan recovery mechanisms.

acilitate members to set up development and/or investment projects through continuous training programmes on the proper use of credit.

Professionally manage the SACCO to ensure operational and financial sustainability.

Any other necessary and legally-authorised and economically-feasible financial services demanded by its members.