National Association of Co-operative Savings & Credit Unions of Zimbabwe
NASCUZ ( National Association of Co-operative Savings & Credit Unions of Zimbabwe) Capacity Building Project.

The projected was conceptualized in 2016 following a fact-finding mission to Zimbabwe by ILCUF (Irish League of Credit Unions Foundation) leadership to assess the potential for engagement with the credit union movement in the country.

This was followed by a country diagnostic study carried out by an external consultant in 2017. ACCOSCA subsequently conducted a feasibility study to establish the potential for working in Zimbabwe through the National Network.

Consequently, a Memorandum of Understanding was signed by the Irish League of Credit Unions Foundation (ILCUF) and the African Confederation of Co-operative Savings & Credit Associations in September 2018 with the main objective of reviving the National Association of Co-operative Savings & Credit Unions of Zimbabwe (NACSCUZ).

The Project Objectives
  • Development of a strategic and business plan and to ensure NACSCUZ was well represented in Zimbabwe.
  • Election of the functioning board to oversee and direct operations of the association.
  • Holding of first AGM Meeting.
Milestones achieved
  • A participatory and inclusive strategic planning process.
The composition of the Ad Hoc team was inclusive as it involved:
  • Government representation from the registrar office.
  • 8 well-established SACCOs in the country and other SACCOs that were previously inactive in the association activities.
The strategic plan workshop

The strategic plan workshop was carried out on 15th-17th February 2019. The strategic plan (2019-2021) provides a roadmap, framework, actions, and institutional reforms that the NACSCUZ will implement within the planning period.

The strategic objectives in the plan comprise of:

Membership Growth – Increase membership from 0.3 % to 33% of all registered SACCOs in Zimbabwe by 2022.

Financial Sustainability – Achieve self-sustainability by 2022

Human Resources – To have a properly staffed and competent NACSCUZ secretariat in order to achieve operational efficiency.

Governance – Ensure proper establishment (fully represented board), institutional capacity, and functioning governance structures by 2022.