About Us

EXECUTIVE SUMMARY

• Maitlamo Savings and Credit Cooperative Society was registered on the 17th September 1986 as a cooperative society by the Department of Cooperatives in accordance with the provisions of the Cooperatives Societies Act (Chapter 42:04).
• The Society was formed with the mandate to promote thrift among its members by affording them an opportunity for accumulating savings, thereby creating a source of funds from which loans can be made to them exclusively for provident and productive purposes at fair and reasonable rates of interest thereby enabling them to use and control money for their mutual benefit.
• Society’s financial products include savings – accepting funds from members and issuing of loans (different products) to members.
• The Society has an elected Management Board which leads and directs the Society. Within six months after the  financial year, the Society holds Annual General Meetings (AGM) where society members elect the leadership.
• Members’ savings is BWP 23,844,212.00 while loan book is BWP 29,565,700.00 as at financial year 2017/2018.
• Society Total Assets indicate BWP 48,424,136.00 for the financial year 2017/2018.

SOCIETY STRATEGIC PLAN

• The Society is guided by a five year strategic plan, thus from year 2017 to year 2021.
• In July 2016 the Society convened for a preliminary presentation in order to have an appreciation of the strategic planning process and considered a proposal submitted by Brettonwoods Associates to facilitate the process.
• The strategy evaluates the relevance and sustainability of the Society in its current form within the ever dynamic political, economic, social, technological and legal environment and redefines the future direction.
• This Society strategy is aligned to the Cooperatives Transformation Strategy developed to guide the re-birth of cooperative societies in Botswana in light of their mixed fortunes, established in 2011 by Botswana Government through the Ministry of Trade and Industry through the Department of Cooperatives Development.

VISION AND MISSION

Having taken stock of the opportunities and devising strategies to mitigate against threats and weakness, Maitlamo SACCOS whilst still seeing greater potential in the current business of saving and credit, the society not only acknowledge the threats and opportunities as making a case for diversification into other business ventures in order to realize sustainable competitive advantage.

The vision and mission of the society was therefore defined as follows;

Core Values

Values are behaviors, norms and beliefs that are espoused by the society leadership, membership and employees and it is these behaviors that the society believes are crucial for the attainment of the mission and vision.

These core values are

• Integrity (we do what is right and what is not easy)
• Democracy (Everyone has a say in the affairs of the Society)
• Accountability (we take fully responsibility for our individual and collective decisions and actions)
• Solidarity (“Alone we can do little, together we can do so much”) and
• Self-Reliance (if we want something done, we will do it ourselves).

Governance Structure