Invest in your financial future by becoming a member and acquiring shares in our cooperative. Join a community of like-minded individuals working towards economic prosperity.
Membership and Shares at Polymed SACCO
– Monthly Share Contribution: To become a valued member of Polymed SACCO, individuals must contribute a minimum of MK2000 in shares each month. This regular contribution is the foundation for your membership and is a tangible commitment to the cooperative’s financial well-being.
– Annual Dividends: As a member, you reap the benefits of your membership commitment. Members receive dividends at the end of every financial year, a share of the cooperative’s profits. This rewards your loyalty and reflects the cooperative’s dedication to ensuring your financial success.
– Collateral for Loans: Shares and ordinary savings play a pivotal role in empowering our members financially. They serve as valuable collateral when a member seeks a loan from Polymed SACCO. This collateral increases the likelihood of loan approval and allows members to access credit at favourable terms, promoting responsible borrowing and financial growth.
– Withdrawal of Shares: It’s essential to note that shares can only be withdrawn when a member decides to terminate their membership with Polymed SACCO. This policy ensures the stability and continuity of the cooperative, as well as safeguarding the interests of all members. It’s a testament to the long-term commitment expected from our members.
At Polymed SACCO, we believe in fostering a sense of financial responsibility and community among our members. Your shares represent your ownership in the cooperative and contribute to our financial institution’s collective strength, enabling us to provide valuable financial services to our members.