Information Desk
Here you will find all the relevant information you need regarding membership, member privileges and structure
The General Assembly (GA)
The General Assembly (GA) of the cooperative is the highest decision-making body within the society, composed of all its members. It serves as a forum for members to come together to discuss and vote on important matters that affect the cooperative as a whole
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THE ADVISORY COUNCIL
Upon the Management Committee's recommendation, the General Assembly shall appoint individuals to the Advisory Council (AC) of the cooperative. This council collaborates with the Management Committee (MC) in an advisory capacity, offering strategic direction and oversight to enhance accountability and transparency in the Society's governance
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THE MANAGEMENT COMMITTEE (MC)
The Management Committee (MC) of the SAJSOBA MULTIPURPOSE CO-OPERATIVE SOCIETY LTD shall comprise of individuals elected by the GA to oversee the day-to-day operations of the cooperative
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Standing Committees of the cooperative:
1. Membership & Co-operative Responsibility Committee (MCRC)
2. Project, Asset & Investment Committee (PMC)
3. Loan Disbursement & Recovery Committee (LDRC)
4. Electoral Ad-Hoc Committee (EC)
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THE COOPERATIVE SHAREHOLDERS
These are members whose names are entered into the register of Shareholders of the Co-operative as the legal owners of the share capital of the Society.
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Class of Shareholding
1. The Society shall offer Ordinary Paid-up shares to only members of the Society;
2. No single shareholder shall purchase shares of the Society above 500,000 shares and below 5,000 shares or such figures as may be approved by the General Assembly;
3. Whereas a single shareholder can on transfer of shares from another shareholder hold over and above 500,000 shares.
4. A new shareholder shall pay an entrance fee registration for an amount that will be approved by MC and pay up the amount for the share within the specified timeline set by the MC