About

Who We Are?

Botswana Public Officers Savings and Credit Co-operative Society Limited (BPOSACCOS) was established as a welfare fund in 2010 under the management of the Directorate of Public Service Management (DPSM) and regulated by the Department Of Cooperative Development (DCD).

The high level of growth in Savings and membership prompted the decision to upscale the fund to a functional Savings and Credit Cooperative Society(SACCOS). Therefore, in 2013, BPOSACCOS was formally registered as a Cooperative under the Cooperative Societies Act of 2013 and issued a certificate of registration No. 261. This way, the society could offer a wider range of services, including savings, credit, funeral cover and shareholding.

Our objective was and has been to promote the economic interests of all society members to attain their social and economic improvement through saving and credit in line with the Cooperative Principles. By so doing, we aim to provide members with a haven for savings, avail affordable credit to members and return impressive dividends. BPOSACCOS is one of the largest savings and cooperative societies in the country with a staggering record of over seven thousand (7000) in memberships.

Principles Of BPOSACCOS

BPOSACCOS operates in accordance with the following co-operative principles;

• Voluntary and Open Membership

  Membership is open to all persons wishing to use the services of the society therefore all Botswana Public Service employees have equal opportunity to become members of BPOSACCOS and to continue to become members through retirement.

• Democratic Member Control

  Co-operatives are democratic organizations controlled by their members who actively participate in setting policies and making decisions. BPOSACCOS adheres to this principle affording its members voting rights and the opportunity to be elected into the Board and Committees of the Society. Furthermore, the Management Board has had several engagements with individual and collective members of the society on issues relating to the management of the society. In 2021 a Special General Meeting (SGM) was held to amend Bye-Laws, approve the budget, and allow the sitting management Board to continue their mandate until finalization of the financials.

• Member’s Economic Participation

  Members contribute equitably to the capital of the co-operative by a minimum joining fee of Hundred Pula (P100) and a minimum saving of Fifty Pula (P50), as well as a shareholding of 500 shares per member. BPOSACCOS has taken steps to invest members’ savings in interest-bearing accounts to allow for the growth of member funds. The Society further ensures monthly collection of savings from members and grants personal loans at a reasonable interest rate.

• Autonomy and Independence

  Co-operatives are autonomous, self-reliant organizations controlled by their members. If they enter into agreements or raise capital from external sources, they do so on terms that ensure democratic control. The Management Board elected by its members manages BPOSACCOS.

• Education, Training and Information

  Promoting education and training for members as well as communication about the nature and benefits of co-operatives and help boost co-operative understanding. BPOSACCOS continues to engage with its members through different platforms and structures. Furthermore, a Marketing and Business Development function is established to improve the communication, branding, and visibility of BPOSACCOS.

• Cooperation Among Cooperatives

  BPOSACCOS has been part of the Cooperatives initiatives/movement by working together with individual Cooperatives, local, regional, and international structures/apex bodies to improve services, bolster local economies, and deal more effectively with social and community needs. Through BOSCA in August 2022, BPOSACCOS attended and took part in the SACCA congress in Swaziland hosted by The African Confederation of Co-operative Savings and Credit Association (ACCOSCA), and in 2023 October the Society attended the same event in Botswana. In addition, BPOSACCOS has taken part in the celebration of Cooperatives Day hosted by the Botswana Cooperative Association (BOCA), held in Maun in September 2022. The Society continues to support and work with other Cooperatives in Botswana such as benchmarking tasks, honoring invitations to events hosted by other Societies

• Members Concern for Community Consideration

  The Society has included Corporate Social Responsibility (CSR) in its strategy and has an implementation budget.