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What is Sibonelo Savings and Credit Co-Operative Society Ltd.?
Sibonelo is a member – owned savings and credit co-operative society for the people employed in any Government Ministry, Agricultural parastatals, Co-operative movement employees and their spouses. The bond is now open to Private sector upon arrangement. Sibonelo SACCO was established to enable members to save and borrow money at competitive interest rates for provident and productive purposes. Sibonelo was established in 1984 with an initial membership of 20.
Designed With You In Mind
Result Based Memberships
Cut The Chain Of Poverty
To encourage among its members the spirit and practice of thrift, mutual help and self in accordance with co-operative principles.
To enhance the mobilization of personal savings to increase domestic capital formation.
To facilitate the creation of funds to be loaned to members for productive and provident purposes at competitive interest rates.
To meet the members needs by offering a variety of financial services.
To develop and maintain within the membership and the public environment for promoting savings and credit societies as tools for personal, family and community economic growth.
To provide Loan Protection Insurance Services for their members.
Education Committee Chairman
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Finance & Admin Officer
Member Support Officer