Who can Join?

EntBanc Financial Services may in terms of its constitution only transact with and provide services to its members. EntBanc Financial Services is owned by its members via membership shares. No single member may control EntBanc Financial Services. Every member has one vote regardless of the number of shares owned.

Should you wish to apply for membership, the following are the minimum requirements:

Only individuals or legal entities that are involved in the entrepreneurial/SME’s industry, includes entrepreneurial professionals, SME workers and related stakeholders are eligible – being the “Common Bond” principle (more detail in the Constitution page).

Complete an Online Application Form or Download Application Form.

Attach a copy of all your supporting documentation such as: IDENTITY DOCUMENT or COMPANY REGISTRATION CERTIFICATE.

The membership fees of R500 at R1.00 each per share. Maximum shares allowed per member 1000 shares. This is a once-off membership share fee.


The constitution regulates the affairs of EntBanc Financial Services.

Some points highlighted are:

“Common Bond” – Cooperatives are based on a common bond principle that binds members together. The Common Bond for EntBanc Financial Services joins SME entrepreneurs, workers and stakeholders in the SME sector.

Membership provisions (such as):

The members own EntBanc Financial Services via membership shares.

Based on democratic principles, every member has one vote regardless of number of shares owned.

The minimum number of shares a member needs is 500 shares at R1.00 each. The maximum number of shares a member needs is 1000 shares at R1.00 each. To become a member, a once-off joining fee of minimum R500 needs to be paid to EntBanc Financial Services – making the total minimum joining fee of R500.

EntBanc Financial Services aims to provide various financial and banking services to members only (subject to strict approvals, regulations and supervision by the CBDA (Cooperative Bank Development Agency) (Treasury) or South African Reserve Bank). [Please see Constitution].

The ultimate authority of members is exercised via Annual General Meetings (“AGM”)

A Board of Directors is appointed at the AGM to attend to specified operational matters.

Various Board committees (such as Governance, Audit and Supervisory, Credit and Community Development) are appointed.

Amendment to the constitution requires two-thirds majority approvals.

Provisions related to distribution of surplus profits to members.

Other general regulations and provisions.