FREQUENTLY ASKED QUESTIONS
A member becomes fully registered after paying;
1. Kshs 2,000 for registration
2. plus Kshs. 25,000 shares
3. the Kshs 2,000 monthly contribution for The month she clears the above payments… then eligible to vote.
Major goal is for Women empowerment and development to invest aggressively and build a base for their families while focusing in the future. The Cooperative purpose is to buy land and sell to members, buy land and develop and sell and more around housing. So the idea is to leverage on your membership and take advantage of the rates when you are a member. Your contributions therefore will be part of what you can use to secure floated pieces of investments. We will add as time goes by. .. eg money market, treasury bills, greenhouses, etc
Members are women who are like minded and would like to venture into investment after savings.
This is right. The time you clear the above figure and the month is when you are considered a fully registered member.
Yes its possible. Though monthly contribution is always considered of less strain due to it minimum payments nature , but this comes with it more transaction fees brought by higher frequency OF transactions required . To avoid this extra cost you can make annual fee after consultation with the Head office.
1. Group investment where the share capital contributions will be used and proceeds shared as as dividends.
2.We will invest also on an individual basis where your monthly deposits that acts as your savings be directed to an investment of your choice and you own it individually.
So the monthly deposits strength will determine what you can afford minimum being Kshs. 2000, maximum based on your target.
Projects will be floated.
Group projects be voted for by fully registered members.
Individual projects will be for individual ‘s own decision to make a choice on what to invest in based on what she can afford at the time of the project floated.
Share your email address.. you can have it before registration so that you ask all the questions you have to help make an informed decision.
No it’s not a Sacco, it’s an investment society. Bylaws for a Sacco and investment and ways of operations are totally different. For example, Sacco provides loans, Karibia do not.