Our cooperative welcomes four types of members: Membership Account, Non-Withdrawable Savings Account, Share capital Account.
Membership Registration Accounts are the gateway to joining our cooperative community, offering individuals the opportunity to become stakeholders in our shared goals. By opening a membership account, individuals gain access to exclusive benefits such as voting rights in cooperative decisions, eligibility to serve on committees, and the ability to participate in profit-sharing through dividends. Membership also fosters a sense of belonging and empowerment, where members contribute to and benefit from our cooperative's growth, financial stability, and collective achievements.
Cooperative Non-Withdrawable Savings Accounts are designed to foster long-term savings and financial stability among members, offering higher interest rates and requiring regular contributions. These accounts restrict withdrawals until specified conditions are met, encouraging disciplined saving habits. Additionally, savings in these accounts can be used as collateral for securing loans, providing members with easy access to credit while ensuring loan security. This dual benefit promotes a culture of saving and financial planning, helping members achieve their long-term financial goals and ensuring overall financial security within the cooperative.
Share Capital Accounts are the backbone of our cooperative, representing members' ownership and investment through the purchase of shares. These accounts provide crucial capital for our operations, growth, and sustainability, while also granting members voting rights and a say in our governance. By investing in share capital, members can participate in profit-sharing through dividends and contribute to the cooperative's success, ensuring financial stability and active member engagement in shaping our future.