Best savings dividend
13.40%
per annum on member savings
Credit from
18.00%
indicative rate on cooperative credit
Products published
10
savings, banking and credit lines
Account number
000123
every member purse is 6 digits
Member Share Capital
SHARE-CAP · USD
9.50%
p.a. dividend
The member's ownership stake in the cooperative. Share capital earns a dividend declared by the members at the annual general meeting.
- Opening balance
- $20.00 minimum
- Member return
- p.a. dividend
- Dividend declared annually at the AGM
- Voting rights attached to membership
- Withdrawable only on exit from the society
Registered members of a participating cooperative society
12-Month Commodity-Backed Deposit
FIXED-12 · USD
12.75%
p.a. dividend
A fixed-term deposit secured against cooperative commodity intake, paying a contracted dividend for a full season.
- Opening balance
- $500.00 minimum
- Member return
- 12 months
- Locked for 12 months
- Secured against commodity intake
- Early withdrawal requires committee approval
Members with a 3-month savings history
Input & Stock Credit Line
INPUT-CREDIT · USD
16.50%
p.a. on credit
Revolving credit for agricultural inputs, raw materials and trading stock, repaid from the income of the season it finances.
- Facility range
- $200.00 – $15,000.00
- Standard tenor
- 12 months
- Reducing balance interest
- Repaid from seasonal receipts
- Automated instalment schedule
Members with 12 months of savings history and no default
Equipment & Machinery Finance
EQUIP-FIN · USD
14.25%
p.a. on credit
Structured asset finance for tractors, processing machinery, haulage and production plant, secured on the asset itself.
- Facility range
- $2,000.00 – $120,000.00
- Standard tenor
- 48 months
- Asset serves as security
- Up to 48 months to repay
- Insurance and pledge recorded on the platform
Cooperatives and members with audited trading history
Explore the financial hub
Member Accounts
6-digit purse, multi-currency and card services.
OpenSavings & Shares
Share capital, group pools and fixed deposits.
OpenCredit & Lending
Input credit and equipment finance.
OpenDigital Banking
USSD, mobile wallet and gateways.
OpenMembership
Eligibility, onboarding and member perks.
OpenCalculators
Project dividends and repayments.
OpenAbout Co-op Pay
Financial services that do more than facilitate transactions
Through the Co-op Pay SACCO and associated services, the wider model aims to support member participation, savings, credit access and payments within an appropriately governed cooperative framework.
The guiding principle is that financial services should help members participate in economic activity and enable productive enterprises to reach customers and suppliers.
Core service areas
- Member accounts and financial participation — support the onboarding of eligible members and access to available cooperative financial services through the relevant membership and verification processes.
- Savings and collective saving — support appropriate savings products and organised group-saving arrangements where offered by the relevant institution and permitted by its operating framework.
- Responsible credit — provide pathways for eligible members and businesses to apply for financing, subject to affordability assessment, eligibility, available funding and the applicable credit policy.
- Digital payments — support authorised payment and settlement processes for eligible transactions, subject to available payment infrastructure and applicable requirements.
- Cooperative commerce financing — explore financing arrangements that enable eligible members and businesses to purchase goods and services from participating cooperative enterprises.
- Member economic participation — connect financial services with the wider cooperative network so that members can participate as savers, customers, producers, entrepreneurs and contributors to cooperative development.
How Co-op Pay fits into the ecosystem
A cooperative producer may need finance to expand production. A supplier may need a reliable settlement process. A cooperative member may need an eligible credit facility to purchase essential goods or business inputs.
Co-op Pay aims to connect relevant financial services to these needs while operating within the responsibilities of the institution providing each service.
The objective is to create practical connections between member financial participation and cooperative enterprise growth.
Institutional distinction
Financial product availability, eligibility, interest rates, fees and regulatory permissions must be confirmed with the responsible institution. The roles of Co-ops Africa, CDEx, Co-op Pay SACCO and any partner bank, payment provider or other regulated institution are distinct and are stated separately.