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F A Q
1. WHY JOHN BOYE MULTIPURPOSE COOPERATIVE SOCIETY?
· Provide an alternative to the interest-based financial institutions.
· Provide investment opportunities and returns.
· Contribute in a way to the overall development of the economy.
2 How can I join?
· Fill Application Form + Approval by Board of Directors
· Pay Entry/Membership Fee
· Shares /savings of minimum or any amount, anytime, not exceeding 30 % of
the share Capital of the society
3 What are benefits of being a member/shareholder?
Wealth Management attracts dividends/interest;
Loans at reasonable interest;
Financial Counseling;
Excellence Award;
Distinguished Friend of the Co-operative Award
Assist in writing letters of representation;
Group Activities;
Clinics to address your concerns;
Chit-chat sessions with key officials
4 Can I resign or withdraw my shares?
· You can resign as a shareholder
· You can withdraw shares by giving 40 days notice.
· Emergency/ Genuine cases are considered by the Board.
5 How is the cooperative organized, managed and controlled?
· Individuals become members/shareholders.
· The cooperative is managed by a Board of directors
· We have an Internal Controller elected by the board
· Board of Directors nominates various sub-committees.
6 What is the Legal Framework of John Boye Multipurpose Coperative
Society?
It is an independent financial institution which operates :
1. within the Co-operative Societies Act
2. within the framework of its rules and regulations.
3. In accordance with Financial principles.
7 What are we asking you?
· Join so that we can together provide for the financial needs of the
members
· Involvement and commitment - the first step to your success
· Participate to increase our membership and Capital.
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Financial
Management Schemes
