ZingerPay Cooperative Society Program
ZingerPay operates Cooperative Society Programs in select countries in Africa
ZINGERPAY COOPERATIVE SOCIETY PROGRAM FREQUENTLY ASKED QUESTIONS
Q: What is the ZingerPay Cooperative Society Program?
ZingerPay's Cooperative Society program is designed around enabling a seamless savings and investment habit.
The program is founded upon the following cooperative principles stated by the National Cooperative Business
1. Voluntary and Open Membership
Cooperatives are voluntary organizations, open to all people able to use its services and willing to accept the responsibility of membership,
without gender, social, racial, political, or religious discrimination.
2. Democratic Member Control
Cooperatives are democratic organizations controlled by their members, those who buy the goods or use the services of the cooperative,
who actively participate in setting policies and making decisions.
3. Members Economic Participation
Members contribute equally to, and democratically control, the capital of the cooperative. This benefits members in proportion to the
business they conduct with the cooperative rather than on the capital invested.
4. Autonomy and Independence
Cooperatives are autonomous, self-help organizations controlled by their members. If the co-op enters into agreements with other
organizations or raises capital from external sources, it is done so based on terms that ensure democratic control by the members and
maintains the cooperatives autonomy.
5. Education, Training, and Information
Cooperatives provide education and training for members, elected representatives, managers, and employees so they can contribute
effectively to the development of their cooperative. Members also inform the general public about the nature and benefits of cooperatives.
6. Cooperation Among Cooperatives
Cooperatives serve their members most effectively and strengthen the cooperative movement by working together through local, national,
regional, and international structures.
7. Concern for Community
While focusing on member needs, cooperatives work for the sustainable development of communities through policies and programs
accepted by the members.
Q:What is required to participate?
A Membership Fee of Five Dollar (5.00 USD) is required to participate.
Meetings are held monthly in the following locations:
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