Editor’s Notes

The name SACCONSTELLATION is a combination of two words, the acronym SACCO + the word CONSTELLATION (An assemblage of stars – we acknowledge that individual SACCO members are stars and together starting from own SACCOs to the Global movement we form a constellation, altogether Brilliant).

The name is inspired by the following quotation by the writer advocating for people to form SACCOs, “The lone stars that have achieved and accomplished much, single handedly, in our countries are few and far between. The majority of us would be a constellation, an assemblage of stars, that would be far much brilliant, together, should we awaken to the reality that each one of us need all of us and all of us need each one of us to achieve exceptional brilliancy for one and for all. ”

In an article on the history of SACCOs in Zimbabwe, the Chairman of the National Association of Cooperative Savings and Credit Unions of Zimbabwe (NACSCUZ) Mr. Owen Mabukwa wrote, “However even with all today’s challenges, Credit Unions (SACCOs) are arguably the brightest stars in the
nancial services industry and that comes from their historic and continued focus on what really matters, service to members.”