How To Become A Member

Membership Requirements: Membership is open to anyone interested in the organization's activities and committed to being an active participant.
To become a member, individuals must meet the following criteria:
A. Be 18 years of age or older.
B. Complete the membership application form.
C. Be willing to participate in the loan program.
Membership Registration and Shares:
Each member is required to pay an annual registration fee of $30 per share, with each share priced at $400 per month. For example, if a member registers for five shares, they will pay a total of $150 ($30 registration fee per share + $400 x 5 shares). A member registering for one share will pay $30.
The annual registration fee for both new and existing members is allocated to cover the organization’s operational expenses. Each membership circle is limited to 150 members, and registration will close once this limit is reached each year.
Registration is open from January 1st to February 28th each year. Members who fail to register within this period will be considered late and will incur a non-refundable late registration fee of $15. Early registration is available from the last two weeks of December through January of the following year.
Membership Termination and Suspension:
Members may resign and return to the organization at their discretion, provided they are in good standing. Upon resignation, a member will receive their accumulated savings but will forfeit any benefits. If a member withdraws their shares before completing the 12-month cycle, they will not be eligible for any annual benefits.
To qualify for benefits at the end of the cycle, all members must complete the full 12-month term and certify that all loan payments are made.