Shuuku Cooperative Savings and Credit Society was founded by its members in 1997 with the principal purpose of providing suitable and affordable financial and associated cooperative development services to the members to enable them improve their living standards. It was established to fill a financing gap, at a time when the financial sector in Uganda was experiencing challenges and commercial banks and other established financial institutions were hesitant to extend their services to rural areas.

The SACCO is among the 17 Village Savings and Credit Institutions (“Village Banks”) which were formed under the Private Sector Development Programme in the Ministry of Finance, Planning and Economic Development with support from the United Nations Development Programme.

The SACCO was registered as a financial cooperative in 1998 by the Registrar of Cooperative Societies, in the Ministry of Trade, Industry and Cooperatives, with Registered Number 6321.