Who We Are?

Sofora cooperative credit union is a member-owned financial cooperative, controlled by its members and operated on the principle of people helping people, providing its members credit at competitive rates as well as other financial services.

Why Do We Exist?

The credit union exist to serve the financial needs of both members and the communities. We mobilize savings and dispense Credit/loan on set rules and standards. Members support each other and in the process retains common bond. Finally, Sofora credit union exist on the followings principles;

Our Vision

A world where every individual has affordable and sustainable access to financial services.

Our Mission

To facilitate equitable access to financial services for members to eradicate poverty by providing innovative, relevant and integrated product range in an efficient and mutually beneficial cost structure.

1,462+

Members'

GMD40.9 million+

Savings Mobilised

GMD38 million+

Borrowed

4

Number of Branches

Core Values

Service to Members
Confidentiality
Integrity
Transparency and
Accountability

Cooperative Principles

  1. Voluntary and Open Membership
  2. Democratic Member Control
  3. Member Economic Participation
  4. Autonomy/Independence
  5. Education/Training, and information
  6. Cooperation among Cooperatives
  7. Concern for community

Operating Principles

  1. Cooperative Structure

    1. Member Owned
    2. Member Control
    3. Democratic Control
  2. Service to Members

    1. Financial Inclusion
    2. Financial Sustainability
    3. Maximizing Member Economic Benefit
  3. Social Responsibility

    1. Financial Literacy
    2. Network Cooperation
    3. Community Responsibility
    4. Global Vision