How It Works
1
Join the Cooperative
Register online or via WhatsApp. Pay your one-time $20 membership fee to activate your account and receive your unique Member ID.
2
Save Regularly
Save what suits you, as often as you can. Your savings determine your borrowing power, and they will earn 2% interest a month, compounded monthly, starting once lending begins (date to be announced).
3
Borrow 4x Your Shares and Savings
Once you own at least one full Class A share ($100), you can borrow from $50 up to 4 times your share capital plus savings, once lending starts. Interest is 10% a month on the reducing balance, so you only pay interest on what you still owe, repaid in three equal monthly instalments.