Essey Basic Saving and Credit Cooperative Society Ltd. was established on October 20, 2024 (Tikimt 10, 2017 E.C.) with 222 founding members.
The cooperative was formed to bring together individuals with shared interests and goals, allowing them to achieve their collective aspirations through mutual cooperation.
Essey Saving and Credit Cooperative is a legally recognized entity, registered under Proclamation No. 985/2017. It was officially licensed by the Ethiopian Cooperative Commission on November 25, 2024 (Hedar 16, 2017 E.C.) under registration number ECC/008/17.
Notably, Essey is the first cooperative society in Ethiopia to receive direct certification from the Ethiopian Cooperative Commission to operate and open branches nationwide, ensuring high accessibility and dedicated service to all our members across the country.
Together for Each Other
“Our mission is to build an impactful institution by cultivating a society with a strong saving culture and expanding our membership base.
We aim to leverage a skilled workforce and modern technology to establish simple and efficient systems for savings, loans, and repayments.
Furthermore, we seek to mitigate risks through accessible micro-insurance services and ensure sustainable financial resources are available to all our members.”
“To be the number one saving and credit cooperative society.”
“Our primary objective is to cultivate a strong culture of saving by providing financial education and training to our members and the surrounding community. We aim to empower individuals with the knowledge of effective financial management, enabling them to solve their economic challenges sustainably and strengthen their social bonds.”
To become a member of Essey Saving and Credit Cooperative, the following requirements must be met:
Note: You can become a member by paying the total minimum required amount for the above categories.
Becoming a member of Essey Cooperative offers a variety of financial and social advantages, including:
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