+353 (0) 1 614 6700
+353 (0) 1 614 6700


How We Help

Ethiopia is situated in the north eastern part of the African continent commonly called the ‘Horn of Africa’. With a land area of some 432 thousand square miles it is almost fourteen times the size of the island of Ireland. Despite having a growth rate of about 10% per annum, one of the highest in Africa, it remains one of the continent’s poorest countries.

Our work in Ethiopia is two-fold. Our focus is on supporting rural credit unions to develop their capacity in different regions around the country. We are also working to help establish regional and national apex bodies under an International Fund for Agricultural Development project (IFAD).

Working With Grassroot Credit Unions

For over ten years the Foundation has supported Self Help Africa to develop the capacity of Savings and Credit Co-operative Organisations (SACCOs). The funding we provided aims to increase access to suitable financial services to people living in rural communities. This is being delivered by improving the governance and operational capacity of rural savings and credit co-operatives (RuSACCOs) and their representative unions; and increasing the outreach of financial services into rural and marginalised areas. Improving access to financial services is a means of assisting smallholder households to diversify their income generation activities. RuSACCOs are owned, operated and governed on a democratic basis by its members – similar to the Irish credit union model. Altogether our partnership with SHA has helped more that 150,000 people in rural areas to create and access financial services.

Helping To Build Regional Apex Bodies

Currently, there is no central apex body in which we can channel support. The Ethiopian Cooperative Commission (ECC) have identified cooperative forms of business as an important instrument of socio-economic change and in the last ten years cooperatives have become a significant part of the economy. In this context we have helped in the development of a roadmap for the future of the movement there.

In 2017, the UN Agency, International Fund for Agricultural Development awarded funding to the Canadian Co-operative Association (CCA), in partnership with the ILCU Foundation and the African Confederation of Co-operative Savings and Credit Association (ACCOSCA) in respect of the ‘Improving Rural Financial Inclusion Through Co-operatives’ project (IRFITCO). The goal of the four year project was to improve rural financial inclusion for the rural poor in Ethiopia, Tanzania and Malawi through strengthened financial co-operative networks.

2021 Highlights

In 2021, the Foundation concluded a four year programme supported by the UN agency, International Fund for Agricultural Development (IFAD). This facilitated:

  • the establishment of two regional SACCO federations i.e. leagues
  • expansion of financial services
  • introduction of prudential regulation and supervision for SACCOs
  • development of knowledge resources to advance SACCO standards, strategy and capacity


Collaboration with the IFAD-supported programme and the ECC created substantial changes in the regulatory environment:

  • the three-tier regulatory system means small SACCOs are subject to light regulation and supervision; medium SACCOs are required to introduce light prudential monitoring, and large SACCOs must comply with a fuller suite of prudential norms
  • in collaboration with the Foundation, the ECC drafted a legally binding SACCO directive (including a suite of PEARLS ratios)
  • the Foundation supported development of a training programme for rolling out prudential regulation and delivering this training (the ECC has translated and distributed materials)
  • it is envisaged that a full roll-out will add augment the safety and stability to the SACCO movement