Coop Bank Partnered to Support SACCA 2026 Congress
The bank joined forces with ACCOSCA and SCCULT to provide financial resources for the regional cooperative event.
Updated on Oct. 11, 2026 in Financial Services
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Coop Bank has entered into a strategic partnership with ACCOSCA and SCCULT to support the SACCA 2026 Congress in Dar es Salaam. The initiative is designed to provide cooperative members with improved access to capital and financial services.
Why it matters
The partnership aims to strengthen the cooperative economy by reducing borrowing costs for members and fostering growth among SACCOS. By aligning with regional stakeholders, the bank hopes to improve capital accessibility across the continent.
Coop Bank, which is 51 percent owned by cooperative societies, has issued 135.7 billion shillings in loans. These loans are offered to cooperative societies at single-digit interest rates.
The players
Coop Bank
This financial institution is 51 percent owned by cooperative societies and provides specialized services to its members.
ACCOSCA
The African Confederation of Cooperative Savings and Credit Associations is a regional body that promotes the growth of cooperative movements.
SCCULT
The Savings and Credit Cooperative Union League of Tanzania serves as a key representative body for cooperative unions within the country.
The details
The bank is utilizing the congress to showcase financial products and services specifically tailored to the needs of cooperative members. These offerings focus on helping members secure capital through more affordable, single-digit interest rate structures.
Timeline
The SACCA 2026 Congress is taking place from October 11 to 16, 2026.
Market Landscape
This partnership follows a trend established by the expansion of the cooperative financial model in East Africa. It marks an intensification of the ongoing effort to institutionalize affordable credit within the regional cooperative movement.
Cooperative members may see expanded access to capital and more favorable loan terms through their organizations. These shifts are intended to reduce the overall cost of borrowing for individual members participating in local SACCOS.
The takeaway
The SACCA 2026 Congress brings together over 300 participants from more than 35 countries to facilitate strategic development. Cooperative leaders are using this forum to bridge the gap between institutional financing and the immediate capital needs of small-scale members.
Further reading
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