Pets are often blamed for transmission of dermatophytes between animals and humans. The purpose of this study was to determine the prevalence of pathogenic and saprophytic fungal organisms on the hair coat of dogs and cats, and to evaluate factors that influenced the incidence. 100 animals (62 dogs and 38 cats) without cutaneous lesions were sampled during the nine month study. Age, sex, hair length and habitat were recorded for each animal and examined as potential risk factors. Results were analysed using statistical package SPSS. The hair coat samples were analysed by modified Mackenzie method. The mycological analysis was performed by specimen inoculation and fungal colony cultivation on Sabouraud agar. Saprophytic fungi were identified to the genus level, and pathogens to the species level. Results revealed that there were 12 genera of isolated fungi. A total of 19 dermatophyte were isolated and composed of Microsporum canis (16.0%), Microsporum gypseum (2.0%) and Trichophyton mentagrophytes (1.0%). Microsporum canis was the most common dermatophyte isolated (19.3 and 10.5% in dogs and cats, respectively). Cladosporium sp. (66.0%), Aspergillus sp. (55.0%), and Penicillium sp. (49.0%) were the most frequently isolated saprophytes. There was a higher incidence of saprophytic fungi in long haired and older (>2 years old) dogs. It was also noticeable from history data that asymptomatic carriage of fungal spores depended on animal living condition. There was no significant difference between sexes of animals. The high prevalence of fungal spores in cats and dogs without clinical symptoms emphasizes that pets have a potential for shedding fungi in the environment and thus, act as reservoirs for human infection.