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ACCOSCA || African Confederation of Cooperative Savings and Credit Associations
ACCOSCA || African Confederation of Cooperative Savings and Credit Associations
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The National Association of Co-operative Savings & Credit Unions of Zimbabwe Capacity Building Project.

The National Association of Co-operative Savings & Credit Unions of Zimbabwe (NASCUZ) project was conceptualized in 2016 following a fact-finding mission to Zimbabwe by the Irish League of Credit Unions Foundation (ILCUF) leadership to assess the potential for engagement with the credit union movement in the country. This was followed by a country diagnostic study 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 ILCUF and ACCOSCA in September 2018 with the main objective of reviving the National Association of Co-operative Savings & Credit Unions of Zimbabwe (NACSCUZ).

Project Objectives
objectives accosca

Project Objectives

  • Develop a strategic business plan to ensure NACSCUZ is well represented in Zimbabwe.
  • Election of the functioning board to oversee and direct operations of the association.
  • Conduct of first AGM Meeting.

Achieved Milestones

  • A participatory and inclusive strategic planning process.
  • The composition of the Ad Hoc team was inclusive as it involved Government representation from the registrar’s office, eight well-established SACCOs in the country and other SACCOs that were previously inactive in the Association’s 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

The strategic objectives in the plan comprised:

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 an adequately staffed and competent NACSCUZ secretariat to achieve operational efficiency.

Governance

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