8. Cooperatives (SCAFI)
SCAFI members join through a cooperative society. Only a verified cooperative can be chosen by a SCAFI applicant. SAIF has no cooperative step.
Who can register a cooperative: CSA, PA or SCA (Registrar).
Who can verify it: a second registrar, who is not the person who registered it. The PSA is exempt from this rule.
8.1 Register a cooperative
- Sign in and open Investment schemes.
- Open the Cooperatives tab.
- Select Register a cooperative. The dialog is titled "Register a cooperative society".
- Fill in:
- Registered name. At least 3 characters.
- Registration number. This must be unique in the system. At least 3 characters.
- Registering authority.
- State. The state of registration.
- Contact person. At least 2 characters.
- Contact email. Optional, but must be a valid email if you type one.
- Contact phone. 10 to 15 digits. A leading + is allowed.
- Select Save.
What happens next
- The cooperative shows as pending in the cooperative register.
- Registering it also creates a pending organisation record.
- Registrars are told about it. A second registrar can now verify it.
8.2 Verify a cooperative
- Sign in as a different registrar from the person who registered the cooperative.
- Open the Cooperatives tab.
- In the queue, find the cooperative and select Verify.
Before you verify, you should check the paperwork. The system does not check these things for you. The team suggests you check:
- The registration certificate.
- The cooperative's bye-laws.
- The names of the elected officers.
What happens next
- The cooperative register shows it as verified.
- It now appears in the list that SCAFI applicants can choose from.
8.3 Suspend or reinstate a cooperative
- Select Suspend to stop a cooperative from being chosen. Use the option Suspend or reinstate on the cooperative row for later changes.
- A suspended cooperative is no longer offered to new applicants. Existing members are not removed by this step.
Cooperative register columns
Cooperative, Registration, State, Contact, Members, Verified, Status.
Common problems
| Problem | What to do |
|---|---|
| "Verify" is not shown for a cooperative | You are the person who registered it. Ask a different registrar to verify it. |
| A member cannot find their cooperative in the list | The cooperative is not verified yet. Ask the registrar to verify it. |
| The registration number is rejected | It is already used. Check the number. Do not register the same society twice. |
| The phone number is rejected | Use 10 to 15 digits. |