Cooperative Financial Institutions - Center of Excellence

Welcome to the World Bank’s Center of Excellence on Cooperative Financial Institutions (CFIs). The Center aims to foster the exchange of concrete experiences, research and resources between CFI professionals related to the oversight, regulation,  modernization, and strengthening of these social enterprises.

Click here to join and participate to the CFI Center of Excellence discussions and other activities


Supervision and Regulation

Supervision and Regulation of Financial Cooperatives


Financial Safety nets

Financial Cooperatives safety nets resources


Financial Cooperatives and Technology

Discover the latest technological advances in Financial Cooperatives


Institutional Strengthening

Find here resources on Institutional Strengthening


Financial Cooperatives and the COVID-19 Pandemic

Resources on Financial Cooperatives in time of the COVID-19 Pandemic


*NEW* Women in Financial Cooperatives

Tackling women representation and participation challenges in Financial Cooperatives and the leadership of financial cooperatives


*NEW* Financial Cooperatives in FCV Regions

Spotlight on Financial Cooperatives in countries affected by Fragility, Conflict and Violence



Transparency, oversight, rules and more on financial cooperatives governance

In focus

The need to extend deposit insurance to financial cooperatives by Danilo Palermo and Juan Buchenau

Deposit protection for banks has been around for a long while. Czechoslovakia was the first country to establish a national level deposit insurer, in 1924, followed by the United States ten years later. Today, 146 countries have implemented deposit insurance mechanisms for their banking systems, according to the International Association of Deposit Insurers. For credit unions or financial cooperatives, however, the picture could not be more different. Read more

A message from Juan Buchenau

 Dear Community Members,

I am pleased to welcome Toshiaki Ono fondly known as “Toshi” as our new Coordinator for the CFI Center of Excellence. Toshi is a Senior Financial sector Specialist at the World Bank. He has a wealth of experience in the promotion of access to finance in the Agriculture sector, mainly in Africa (Malawi, Rwanda, Sierra Leone, Sudan, Uganda and Zambia) and Asia Pacific (India, PNG and Samoa). Read more


Centralization of the Ethiopian SACCO sector: kick off and the way forward

The vast, populous and diverse country of Ethiopia is one of the flagship projects in the World Bank – Rabo Partnerships and Foundation partnership on Strengthening Financial Cooperatives. Focusing on the private sector side activities, Rabo Partnerships (RP) works with the Agricultural Transformation Agency (ATA) as a local counterpart. Read more

From our Partners

Challenge 2025: Synergent and the Irish League of Credit Unions Collaborate on Technology Strategy

Synergent and the Irish League of Credit Unions (Irish League) recently met to discuss how the credit union movement can work together to achieve better outcomes for members through technology.

The virtual meeting, coordinated by World Council of Credit Unions (WOCCU), included teams from the Irish League and Synergent. The Irish League, a WOCCU direct member organization representing 326 credit unions in both Northern Ireland and the Republic of Ireland, is working to develop a digital transformation plan to help their credit unions grow and meet evolving member needs. Because Synergent is a leading, credit union-owned managed services provider that offers technology, payments and marketing services, WOCCU asked Synergent to provide their Irish colleagues their insight. Synergent has engaged in similar roundtable discussions with WOCCU and credit union professionals from Barbados, Rwanda, Kenya, the United Kingdom and Australia.

Read more 

In the Media

Micro-ATM and AePs to aid financial inclusion in Nagaland as published in Morung Express, picture credit The MorungExpress

 In an effort to speed track financial inclusion in Nagaland, the Entrepreneurs Associates Thrift and Credit Cooperatives Federation Limited (EATACOL) launched a Micro-ATM and AePS (Aadhaar enabled Payment System) at an entrepreneur’s shop in Phesama village.

The first transaction successfully took place at the entrepreneur’s shop where a 60 year-old woman cashed out Rs 500 through her Aadhaar linked bank account. With this launching; 19 Micro-ATM and AePs will simultaneously become operational in rural unbanked areas of Kohima, Dimapur and Phek districts, a press release from EATACOL which is the financial wing of Entrepreneurs Associates informed on Monday.  Read more on  the Morung Express


Banco Cooperativo Sicredi S.A. -- Moody's announces completion of a periodic review of ratings of Banco Cooperativo Sicredi S.A. on Yahoo! Finance

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Banco Cooperativo Sicredi S.A.Global Credit Research - 18 Feb 2021New York, February 18, 2021 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Banco Cooperativo Sicredi S.A. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review discussion held on 10 February 2021 in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology (ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. The review did not involve a rating committee. Read more on Yahoo!Finance


Blow to Kenyan banks as Saccos close in on own money market by James Anyanzwa- The East African, Picture Credit: The East African

 Kenyan Savings and Credit Co-operative Societies (Saccos) are moving closer to the implementation of an inter-Sacco lending market and eventual integration into the National Payments and Clearing system in a development, leaving commercial banks staring at close to Ksh2.33 billion ($21.37 million) loss in interest income on loans granted to the co-operative sector.

The Sacco Societies Regulatory Authority (Sasra), working with a multi-agency team comprising the State Department of Co-operatives, the National Treasury, Central Bank of Kenya (CBK) and the Kenya Law Reform Commission (KLRC), has drafted the legal framework for the operationalisation of the Central Liquidity Fund (CLF) where Saccos can lend and borrow money from each other thereby severing ties with Commercial banks whose loans are considered ‘expensive.’

Read more on The East African website


All members are encouraged to share their knowledge and best practices on cooperative financial instititions in the ‘Discussion’ section. Please note that comments on this website solely reflect individuals’ points of view. Contact us at