Let's make StartUp SACCO together

Traditional banks don’t help you get ahead. SSCF brings together everything you need to manage saving, investing, and capital funding.


We bring you SSCF, with an innovative saving wallet of our time.


SSCF gives you ownership and higher returns compared to other financial institutions.


Get access to low-interest capital fund for personal and personal growth within 3 days.


Earn up to 5x interest on your savings compared to traditional lenders.

A new SACCO built for Strivers – millions of working Tanzanians who want to build wealth

It’s no secret that banking is broken for most Tanzanians. Wealthy customers get access to the best loans, investments, & services, while regular, hard-working customers are ignored.

Last year the big three banks recorded record profits of nearly Sh450 billion, but 98% of people we surveyed said that their banks do nothing to get them ahead financially.

You give your bank your hard-earned money… but what does your bank do to help YOU get ahead?

Did you know that at least 1 of 10, or at least 77%, of small business loans, are unfunded or underfunded?

That’s at least 2.3 million loan applications unfulfilled, which means at least 2.3 millions businesses do not get the support they need to grow and serve their communities. 

And when you consider the average loan size of small businesses – $5,000 – that means Tanzania has a working capital cap of at least $3.7 billion.


Underfunded loans

Small business owners




Between small businesses and financial institutions such as Banks and CDFIs

Large Banks

Community Banks CDFIs

Join the SSCF Community and let’s fix the system together!


Average loan amount required

Small businesses rely on access to loans to support their growth and operations (working capital – rent and payroll).

The other problem is that while community banks VICOBA, SACCOs, and CDFIs are on the ground in our communities connecting with small businesses, they often do not have technology, capacity, or risk appetite to meet the huge demand for SMB working capital. Lending to small businesses is often deemed to be too laborious, too inefficient, and to risky. To some, it’s simply not worth the time.

So who's going to look out for small businesses in Tanzania?

Here’s the good news: Help is on the way.

A revolution has begun and SSCF is leading the way. We’re reimagining what banking could be and we’re doing it together — as a community of people who want to get ahead. 

Our mission is to make money moves of the rich available to everyone.

Together we can do things that we can’t do by ourselves. Together we’re wealthy and powerful and we can make the same money moves as the wealthiest people.

That's where SSCF comes in.

We work towards financial inclusion.

SSCF is a not-for-profit cooperative of people who come together for a common purpose… Some to save, some to get funding, and some to support startups by investing with lower interest. It combines FinTech, AdTech, MarTech, and social good for a powerhouse solution for startups. Our fast-growing, proprietary platform gives members access to the lower interest line of credit while driving new customer acquisition.

Designed for financial inclusion, transparency and instant settlement

Most small businesses face two major obstacles: getting access to credit, and finding new customers

SSSCF was founded to close that GAP. Our tagline is, “Let’s Thrive Together” and we mean it, both literally (we’re building something to replace traditional banks and, most importantly, are able to buy and sell among each other without spending cash) and figuratively (we’re focused on making money and building wealth together).

Why Switch to SSCF?

If you don’t believe your current financial institution values your business anymore, why stay loyal to them? If you’re sick of ever-increasing fees, complicated loan processes, reduced customer service, and big profit banks that are more concerned about their shareholders than you, maybe it’s time you considered making the change to an institution that exists to benefit members.

Membership Means Ownership

If you're a member, then you're an owner. So, when SSCF wins - you win! We share in the profits with our member base.

Better Rates & Lower Fees

Want to know what makes our SACCO better than a bank? Our rates are more competitive and our fees more cost-effective for you!

Advanced Technologies

We use our proprietary tech stack to perform underwriting, identity verification, credit check, risk and compliance, document generation, reports generation, and disbursment between bank partners and the model.

Credit Risk Rating

We provide credit risk rating, to give you a greater chance of being matched with an appropriate loan product.

Comfort & Convenience

You get comfort and convenience of knowing you've got a partner who can back you up when you need it most

We Drive Growth With A New Take On the Batter System

SSCF is a network that helps small businesses support other small businesses while growing their revenues. Using our proprietary FinTech platform and a modern twist on the barter system, we provide members with access to much-needed credit and a new community of incentivized customers.

SSCF is a better way to fund your business

Accessing business funding shouldn’t to be complicated or time-consuming, so SSCF developed a simple way for small startups to secure up to TZS 200M. Whether it’s to buy inventory or a complete renovation, SSCF is your trusted financial partner at every step.

We don’t have shareholders, and we aren’t here to make a profit. As a not-for-profit organization, we serve our members, the owners of SSCF.

So where do profits go? Earning are returned to members through a broad range of convenient services, attractive rates, lower fees and free financial education resources.

For saving, we offer attractive options for growing your money. If you need to get capital funds, we offer lower rates on loans and mortgages.

Get Started In Just 3 Easy Steps.

Easy Application

The application only takes a few clicks and there are no complicated long forms to fill out. Decisions can be as fast as minutes

Fast Funding

On approval, we deposit the fund as soon as the next business day. Once you have paid back 60% of your balance, you may qualify for an automatic top-up.

Effortless Pay

Pay off your funding with convenient automatic deducations from your savings and or sales. Take a funding holiday when you need it!

When you’re ready to invest, just choose a plan that works best for you.

Use the SSCF app to set up direct deposit. You can easily set it up when your account get approved or you can do it later by tapping “Deposit” and then “Manage your direct deposit.”

We're not a big bank or small bank - we're a better way to digital bank!

We have been working behind the scenes for several months building the Digital SACCO platform and we are excited to introduce you to this new modern technology!

SSCF has an updated look and provides features designed to make your banking experience easy, including investment, savings insights and analysis, budgeting tools, easy transfer, and payment features, self-service options, and much more.

However, we encourage all of our members to take advantage of our Financial Resources Advisors investment representatives. Whethet child’s education, or purchase your first home, they can help you set a pth to meet your most pressing financial goal. They can mmet you at your office, free of charge, with no obligation.

We’re continuously building the tools, resources, and advice to cultivate your dreams.

Here's how SSCF can help you hit your capital goals

As a customer-owned banking organization, we are not driven by the need to return dividends to shareholders in the manner of the major banks. As a results, we’re able to channel the profits we generate back to our members and the broader community.

This is achieved in the form of innovative new products and services, low fees, great interest rates, high levels of personal service, and community development initiatives and project funding.

Fully Collateralized

Your deposits are backed by collateral in the form of deposits held at commercial banks.

Interest Bearing

Multiple currency-backed deposits, each using a dynamic peg that tracks the underlying interest rate.

Global Currencies

We currently support several blockchain stablecoins such as BTC, ETH, BCH, USDC and etc.


Ours service operates in compliance with Anti-Money Laundering and Counter-Terrosist Financing (AML/CTF) legislation.

Let’s Make Money
Moves Together!

What has your bank done to help YOU get ahead financially?
If you’re like most people, the answer is… not much.

Our Directors

Board of Directors and Leadership Team

Here’s our Board of Directors and Executive Management team who are responsible for the overall management and strategic direction of SSCF, comprising of high-performing individuals with a diverse range of backgrounds, talents and financial skills.

Слой 5
Greg Raulston
Слой 1
Natalie Shaw
Слой 6
James Lambert
Business Coach
Слой 2
Karen Salvador
Social Marketer
Слой 3
Danielle Howell
Слой 4
George Herman
Great words about SSCF

What Strivers say

I believe this will be a game changer for the Start-Up community for those who can’t get favourable loans with better rates, when you don’t have great collateral.


Martin N

AAC Properties

I believe this will be a game changer for the Start-Up community for those who can’t get favourable loans with better rates, when you don’t have great collateral.


Martin N

AAC Properties

This is a great concept that I plan to use myself. It encourages people to help one another with proper safety nets in place. We need more companies and tools like this in the world.


Rebeca Gumi

Hair Stylist

I personally have been thinking about the convenience of a micro funding system and when I saw SSCF it called my attention because it has already resolved a lot of the system and process.


Kelvin Kaaya


Rich with features that don’t cost you a dime

Why switch from your old bank account to SSCF? Because SSCF is all about helping you make your business grow. You’ll be part of a growing community of people who want to work together to get ahead.

Monthly Saving

No hidden fees, no minimum balance fees, no bank transfer fees.

Hire More Staffs

100% mobile/web banking via the SSCF app.

Short-term Cash-flow Optimization

Access direct deposit paychecks up to two days early.

The Internet of Money

Powered by cross-blockchain technology, our pluggable tokens are compatible of leading wallets and exchanges.

We Are A Fully Regulated SACCO

As a digital SACCO, we’re organized differently than other financials. SSCF is a not-for-profit financial cooperative owned by our members. That means earnings are returned to members in the form of better rates and lower fees. SSCF is also governed by a volunteer board of directors who are elected by our members. Each member has one vote in the election for our board regardless of how many shares and how much money that individual has on deposit.

Do More with SSCF Mobile App

With the SSCF App, you can access everything in one place.

Our app is your way of accessing all your finances in a single tap. It’s the secure hub where you can make decisions and feel confident in your money management skills.

Apply for funding, top up your savings, set goals, check investment rates and more.

Consider the SCCF App your finance advisor in your pocket!

Helping members thrive in business and life

SSCF’s unique ability to manage the allocation of credit inside the network is one of our most distinguishing assets. Our proprietary system maintains the stability and strength of the currency and includes contactless payment technology and a web-based point of sale system.

Frequently Asked Questions

Got a question about how we’re organized, applying to work for us, or looking for financial or shareholder information? Need Support? We’re here to help!

SSCF is a Savings and Credit Co-operative (SACCO) whose main objective is to mobilize savings from members and in return provide capital funding facilities.

  • Member-owned, empowering members to contribute to the organization’s capital — and to reap the benefits.
  • Member-governed, awarding each member with one vote to elect our governing Board of Directors, who set policy and direction for the organization.
  • Autonomous and independent, practicing our core values of integrity, people, service, innovation, education, and celebration.
  • Education-driven, providing financial education and training to help members and non-members succeed and to contribute positively to the local economy.
  • Community-focused, encouraging our employees and members to give back as volunteers, donors, and caring citizens.
  • Cooperative-minded, supporting laws and financial services that benefit not-for-profit cooperatives and our members.

It depends on what you are looking for in a financial institution, the level of attention that you want to receive as a customer and the rapidness that you need access to your funds when deposits are made into your bank account.

But if you want more personalized customer service and more attention to detail then a SSCF is the place to go. Also, SSCF account is not closed unless you as a member makes the decision or breach organization’s policy or constitution. On the other hand, banks do make the decision to close a customer’s account on their own.

What you need to focus on, in our opinion, is ownership.

At a SSCF, your money is owned by you. As a not-for-profit entity run by a Board of volunteers, all income is returned to the members or invested back into the building in the form of infrastructure or other investments.

This, generally, allows SSCF to offer lower interest rates, higher returns on deposits, and demand a lower (read: cheaper) fee schedule because nothing is being siphoned off the top to pay executives and ownership.


We would naturally say that a SSCF is better. It’s a member-owned financial cooperative. The board of directors are members just like you. And generally you get better interest rates and lower loan rates. Any profit the SSCF makes is channelled right back into the SSCF for the benefit of the members.

Put simply, Banks are for profit institutions owned by people who invested in it and who want a good return on their investment, while SSCF is owned by members (YOU) and only need to make enough profit to operate and pay their staff, and any extra goes back to the depositors as interest.

SSCF offer better interest on savings, have more “personable services” and have lower interest rates.

SSCF offer the same type of services you would find at a bank. But at a bank, you are a customer.

At SSCF, you are a member and equal owner with every other member. You have an equal vote.

Here are some TAKEAWAYS:


  • Is not-for-profit institution.
  • As members, each person that deposits money has a share of ownership
  • SSCF only serves its members as per its constitution.
  • Members elect a volunteer Board of Directors to represent our interests
  • Is a member service-driven
  • Return profits to members in the form of lower loan rates, higher savings rates, and free or low cost services.
  • Federally insured by the TCDC 
  • Exempt from federal income taxes.
  • Are profit-oriented institutions
  • Can serve anyone in the general public
  • Have customers with no ownership to their organization (unless they also own shares separately)
  • Have a paid Board of Directors who represent the Shareholders (owners); customers do not have voting privileges’
  • Controlled by shareholders and paid officials
  • Return profits to Shareholders
  • Federally insured by the Central Bank (BoT)

The annual percentage yield (APY) is the real rate of return earned on an investment, taking into account the effect of compounding interes. Unlike simple interest, compounding interest is calculated periodically and the amount is immediately added to the balance. With each period going forward, the account balance gets a little bigger, so the interest paid on the balance gets bigger as well.


  • APY is the actual rate of return that will be earned in one year if the interest is compounded.
  • Compound interest is added periodically to the total invested, increasing the balance. That means each interest payment will be larger, based on the higher balance.
  • The more often interest is compounded, the higher the rate will be.

Formula and Calculation of APY

APY standardizes the rate of return. It does this by stating the real percentage of growth that will be earned in compound interest assuming that the money is deposited for one year. The formula for calculating APY is:


  • r = period rate
  • n = number of compounding periods

What Annual APY Can Tell You

Any investment is ultimately judged by its rate of return, whether it’s a certificate of deposit (CD), a share of stock, or a government bond. The rate of return is simply the percentage of growth in an investment over a specific period of time, usually one year. But rates of return can be difficult to compare across different investments if they have different compounding periods. One may compound daily, while another compounds quarterly or biannually.

Comparing rates of return by simply stating the percentage value of each over one year gives an inaccurate result, as it ignores the effects of compounding interest. It is critical to know how often that compounding occurs, since the more often a deposit compounds, the faster the investment grows. This is due to the fact that every time it compounds the interest earned over that period is added to the principal balance and future interest payments are calculated on that larger principal amount.

Comparing the APY on Two Investments

Suppose you are considering whether to invest in a one-year zero-coupon bond that pays 6% upon maturity or a high-yield money market account that pays 0.5% per month with monthly compounding.

At first glance, the yields appear equal because 12 months multiplied by 0.5% equals 6%. However, when the effects of compounding are included by calculating the APY, the money market investment actually yields (1 + .005)^12 – 1 = 0.06168 = 6.17%.

Comparing two investments by their simple interest rates doesn’t work as it ignores the effects of compounding interest and how often that compounding occurs.


APY is similar to the annual percentage rate (APR) used for loans. The APR reflects the effective percentage that the borrower will pay over a year in interest and fees for the loan. APY and APR are both standardized measures of interest rates expressed as an annualized percentage rate.

However, APY takes into account compound interest while APR does not. Furthermore, the equation for APY does not incorporate account fees, only compounding periods. That’s an important consideration for an investor, who must consider any fees that will be subtracted from an investment’s overall return.

APR vs. APY: What’s the Difference?

Example of APY

If you deposited $100 for one year at 5% interest and your deposit was compounded quarterly, at the end of the year you would have $105.09. If you had been paid simple interest, you would have had $105.

The APY would be (1 + .05/4) * 4 – 1 = .05095 = 5.095%.

It pays 5% a year interest compounded quarterly, and that adds up to 5.095%. That’s not too dramatic.

However, if you left that $100 for four years and it was being compounded quarterly then the amount your initial deposit would have grown to $121.99.

Without compounding it would have been $120.

X = D(1 + r/n)n*y

= $100(1 + .05/4)4*4

= $100(1.21989)

= $121.99


  • X = Final amount
  • D = Initial Deposit
  • r = period rate
  • n = number of compounding periods per year
  • y = number of years

How Is APY Calculated?

APY standardizes the rate of return. It does this by stating the real percentage of growth that will be earned in compound interest assuming that the money is deposited for one year. The formula for calculating APY is: (1+r/n)n – 1, where r = period rate and n = number of compounding periods.

How Can APY Assist an Investor?

Any investment is ultimately judged by its rate of return, whether it’s a certificate of deposit, a share of stock, or a government bond. APY allows an investor to compare different returns for different investments on an apples-to-apples basis, allowing them to make a more informed decision.

What Is the Difference Between APY and APR?

APY calculates that rate earned in one year if the interest is compounded and is a more accurate representation of the actual rate of return. APR includes any fees or additional costs associated with the transaction, but it does not take into account the compounding of interest within a specific year. Rather, it is a simple interest rate.


Don’t convince anyone to join SSCF, just educate them and let them make their decisions. 

Keep sharing information with your friends, and remember 4SW… some will, some wont, so what, someone’s waiting 😊

Still have more questions? We have got you covered!

In over 25 years of supporting starups, I’ve never seen a company or investment opportunity with more potential than SSCF. Learn why I'm passionately investing so much of my time and resources into this opportunity, and why I think the result will be a category defining and paradigm shifting company.
John Doe

All money deposited in SSCF is held with bank partners. Bank holds your money, SSCF gives your money life.

SSCF is a tech SACCO, but we’re backed by TCDC, plus some big Bank, strategic partners who are committed to our mission.