What is a SACCO?
A Savings and Credit Co-operative (SACCO) is a member-owned financial institution where people pool their savings to provide affordable credit and financial services to each other. They're the backbone of community banking across East Africa.
Village Saving Groups
Informal groups of 10–50 members who save regularly and access emergency credit from the pool. Often called VSLAs or chamas.
Employment SACCOs
Workplace-based co-operatives where salary earners make regular contributions and access salary loans. Common in schools, hospitals and government.
Trade SACCOs
Market traders and business owners pooling resources for working capital loans and group insurance benefits.
Community SACCOs
Church or mosque-affiliated saving circles providing micro-loans and burial fund support within a community of trust.
Everything Your SACCO Needs
From member registration to loan disbursement — all the tools your co-operative needs, digitised and automated.
Member Registry
Maintain a complete digital membership directory with contribution history, loan status and contact records for each member.
Savings Ledger
Track individual and group savings in real time. Members see their balance and contribution history instantly via their portal.
Loan Book
Issue, track and collect loans with configurable interest rates, repayment schedules and automatic overdue alerts.
Mobile Money Collections
Automatically collect monthly contributions via MTN Mobile Money and Airtel Money — no manual follow-up needed.
Financial Reports
Generate trial balances, income statements and member statements at the click of a button — audit-ready output.
SMS / Email Alerts
Notify members of contribution due dates, loan approvals, disbursements and overdue reminders automatically.
Role-Based Access
SACCO admin, treasurer and member roles — each sees only what they need. Full audit trail of every action.
Cloud Hosted
No servers to manage. Your data is securely backed up daily. Access your SACCO from any device, anywhere.
Up and Running in Minutes
No paperwork, no branch visit. Your SACCO is live as soon as you're done registering.
Register Your SACCO
Create an account, choose the SACCO type and fill in your group's basic details — takes under 5 minutes.
Add Members
Import your member list or invite members via SMS/email. Each member gets their own portal login.
Configure Rules
Set contribution amounts, loan limits, interest rates and repayment cycles — all configurable to your SACCO's bylaws.
Go Live
Start collecting, issuing loans and generating reports. Your members can view statements any time from their phones.
Built for Informal Saving Groups Too
You don't need to be a registered SACCO to use Cipherpay Engine. Village saving groups, chamas, burial societies and investment clubs get the same powerful tools — with a simplified interface.
No minimum membership size — start with as few as 5 people
Share saving targets and track progress as a group
Rotating fund (merry-go-round) automation
Group wallet for pooled expenses and disbursements
Member-voted loan approvals with digital audit trail
Simple, Transparent Pricing
No hidden fees. Cancel any time.
Starter
- Up to 20 members
- Savings ledger
- Basic loan book
- Email notifications
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- —
Growth
- Up to 100 members
- Savings ledger
- Full loan management
- SMS + Email alerts
- Financial reports
- Priority support
Enterprise
- Unlimited members
- All Growth features
- Custom integrations
- Dedicated account manager
- SLA uptime guarantee
- On-site training
Ready to digitise your SACCO?
Join hundreds of groups already managing their savings on Cipherpay.
Register Your SACCO — It's Free