ABC COOPERATIVE SAVINGS

Cooperative savings in ABC Multipurpose Cooperative Society comes in the form of Thrift, emergency or target savings schemes.

SPECIAL GUIDELINES FOR ABC COOPERATIVE SCHEME

Cooperative savings in ABC Multipurpose Cooperative Society comes in the form of Thrift, emergency or target savings schemes. This provides a safe way of preparing for the rainy day. The operation of this scheme enables you to build up your income in order to either invest in a project or meet up with some personal effects. This scheme makes you an automatic member of the ABC multipurpose cooperative society. As a member, you are also required to contribute to your share holdings in the cooperative. This means that you stand to benefit from the many benefits available in this cooperative society which include: savings, loans, dividends and others. The cooperative Society provides a platform to benefit from the myriads of national and international grants available to people today. The following procedure is required for membership and operation.

PROJECT/THRIFT SCHEME

In this scheme all operators maintain a regular project savings culture for twelve months from the date of registration. This is however, renewable. This scheme will enable you meet up with your project expenses with the help of the consult. As a cooperative scheme you earn dividend on your investments.

TARGET SCHEME

This scheme is similar to the project scheme except that it lapses as soon as the set target is reached. Interest is paid on this account only if the duration is up to twelve months. This scheme enables you to save for your wards fees, birthdays, marriage, Xmas and other special events. A special case of a target scheme is the MILLIONAIRES SCHEME. This scheme is intended to raise millionaires in the body of Christ. In other words, it targets a major breakthrough in life. The plan avails you of a comfortable template for savings which together with interest takes you to your dream of being a millionaire at a specified time frame. This scheme cannot be terminated unless at the written evidence of the demise of the operator or in the special case of terminal illness.

EMERGENCY SCHEME

In this scheme, an operator saves for emergency situations in which case, he withdraws his money at short notice or on request from the cooperative.