Care Co-operative Savings & Credit Society Limited hereinafter referred to as “CareCoop” is a leading Savings and Credit Cooperative (SACCO) that has been operating in Zambia since 1996 under the guidance of the Ministry of Agriculture and Cooperatives.
CareCoop started off as a small Cooperative through in-house savings contributions from employees of Care International. In its early years of inception, membership was only drawn from among the employees of Care International before it opened up to other interested Non-Governmental Organisations (NGO) in the later years. Over the years, CareCoop evolved and eventually began to draw its membership from other organisations outside NGOs termed “Associate Members”. CareCoop has grown from an initial 50 members in 1996 and now boasts of over 6,000 members.
For over 20 years, CareCoop has continued to be the pioneer SACCO in the provision of superior financial solutions that meet its diverse customer base. Currently supervised by the Ministry of Small and Medium Enterprise Development and operating under the Co-operative Act of 1998, CareCoop has remained one of the largest SACCOs in the country.
CareCoop offers affordable financial services and products to its members with its main objective being to encourage Savings from its members and advance them with loans for development and any emergencies. There are various loan products with varying pricing and tenors to offer our members various options that meet their financial needs. In 2012, CareCoop announced the commencement of its share sales to enable the organisation to raise capital to embark on a portfolio diversification agenda. From the time this was announced, CareCoop has raised in excess of K13M in capital (with 1, 707 Shareholders).
CareCoop has one location with its offices located at Plot No. 9696, Chudleigh off Great East and Munali Roads in Lusaka.
Track our phenomenal growth
Network of 81 Member organisations across the country
Network of over 6,000 Individual Members
ZMW91.40 Million Gross Loan Portfolio, an increase of 274% in the last Five (5)Years
Over 93% on time repayments Month on Month
ZMW70.72 Million Savings Portfolio, an increase of 139% in the last Five (5) years
ZMW 19.72 Million Net Operating Income, an increase of 305% in the last Five (5) years