Cooperatives Guidelines

Guidelines for Formation of a Cooperative Society

  1. Buy Co-operative Bye laws. A set of 4(four) books is:
    • Shs.15000/= for savings & Credit byelaws
    • Shs. 10000/=for multi-purpose bye laws
  1. Minimum Statutory number of members is 30. However, the more the better for viability.
  2. Fill bye laws.
  3. Get a recommendation letter from the District Co-operatives/Commercial Officer of your area of operation.
  4. Compile financial statement of the Society (Income & Expenditure + Balance Sheet).

A comprehensive schedule of all shareholders showing shares held by each member.

It includes entrance fees, shares, saving, and loans if any.

  1. Buy a copy of the co-operative societies Act, Cap 112 and the Co-operative Societies Regulations.
  2. Enclose photographs of irrespective people to handle the Society’s accounts
  3. Registration fee shs 50000/= Account No. 6000010330 Barclays Bank IPS Branch Account

Name: Audit and Supervision Fund