“The people’s welfare can best be secured by institutions organized by the people themselves, because these institutions are most likely to possess the characteristics that appeal to the people and therefore the stability to perpetuate their services”-
Alphonse Desjardins
EXAMPLE OF LENDING REQUIREMENTS IN A SACCO SOCIETYCo-operatives
This is an example of lending requirements in Sacco societies and most requirements here might be the same and some could be slightly different. This example captures majority of lending requirements in Sacco Societies across the country so I can safely say!
Constitution of cashville multi purpose cooperative society limitedefegbere1234567
The constitution of Cashville Multi-purpose Cooperative Society Limited globally designed with every country's economic improvement at heart.
Membership of the Cooperative spans across all 36 states plus Federal Capital Territory-Abuja in Nigeria.
VISION STATEMENT: To be the foremost cooperative society in Africa on provision of economic and welfare services to its members.
MISSION STATEMENT: To make the cooperative society an international family accommodative of all ideas and strategies of all members with harmonization according to international best practices in order to be economically and corporately successful in its services by :
a. Establishing the cooperative in all 36 states and Federal Capital Territory –Abuja of Nigeria in this first year of operation through partnership with relevant organizations especially Global Community Health Foundation and others with headquarters located in Delta State .
b. Generating funds through our thrift /savings of at least five hundred million naira (N500,000,000.00) within the first year of operation (2015) in each of the cooperative society and all our branches in the 36 states and Abuja of Nigeria through aggressive marketing using all possible media and strategies ( for example , employing and engaging paid ad-hoc staff as marketers).
c. Establishing at least one Cashville Microfinance Bank(s) in all major cities/ recommended towns of all states and Abuja of Nigeria within two years of operation (2015-2016).
d. Establishing at least one agro-based farm(s) (firms) in all major cities/ recommended towns of all states and Abuja of Nigeria within two years of operation (2015-2016).
e. Establishing linkage(s) of health insurance services for all members within two years of operation (2015-2016)in the 36 states and Abuja of Nigeria.
f. Diversifying into other enterprise like oil and gas, educational institutions/ services, etc within three years of operation (2015-2017) in the 36 states and Abuja of Nigeria.
g. Establishing a national/ sub-national conference(s) that shall once annually bring together all branches of the Cooperative in Nigeria for cross- fertilization on principles and practices of our systems as well as a means to strengthen weaker branches ( starting from 2016).
h. Establishing Cashville Finance Nigeria Limited within first year of operation (2015) to formally and corporately package all our financial activities to enable international trajectory, with activities including financial consultancy, investments in the international community, etc. The Cashville Finance Nigeria Limited shall invariably be the parent of the Cashville Multipurpose Cooperative Society Ltd, among other future incorporations derivable as we grow and develop.
i. All the above activities of the cooperative shall be conducted with the aim of assisting the three tiers of government , that is, Federal , States and Local governments in improving the welfare of its citizenry( and non-members of
“The people’s welfare can best be secured by institutions organized by the people themselves, because these institutions are most likely to possess the characteristics that appeal to the people and therefore the stability to perpetuate their services”-
Alphonse Desjardins
EXAMPLE OF LENDING REQUIREMENTS IN A SACCO SOCIETYCo-operatives
This is an example of lending requirements in Sacco societies and most requirements here might be the same and some could be slightly different. This example captures majority of lending requirements in Sacco Societies across the country so I can safely say!
Constitution of cashville multi purpose cooperative society limitedefegbere1234567
The constitution of Cashville Multi-purpose Cooperative Society Limited globally designed with every country's economic improvement at heart.
Membership of the Cooperative spans across all 36 states plus Federal Capital Territory-Abuja in Nigeria.
VISION STATEMENT: To be the foremost cooperative society in Africa on provision of economic and welfare services to its members.
MISSION STATEMENT: To make the cooperative society an international family accommodative of all ideas and strategies of all members with harmonization according to international best practices in order to be economically and corporately successful in its services by :
a. Establishing the cooperative in all 36 states and Federal Capital Territory –Abuja of Nigeria in this first year of operation through partnership with relevant organizations especially Global Community Health Foundation and others with headquarters located in Delta State .
b. Generating funds through our thrift /savings of at least five hundred million naira (N500,000,000.00) within the first year of operation (2015) in each of the cooperative society and all our branches in the 36 states and Abuja of Nigeria through aggressive marketing using all possible media and strategies ( for example , employing and engaging paid ad-hoc staff as marketers).
c. Establishing at least one Cashville Microfinance Bank(s) in all major cities/ recommended towns of all states and Abuja of Nigeria within two years of operation (2015-2016).
d. Establishing at least one agro-based farm(s) (firms) in all major cities/ recommended towns of all states and Abuja of Nigeria within two years of operation (2015-2016).
e. Establishing linkage(s) of health insurance services for all members within two years of operation (2015-2016)in the 36 states and Abuja of Nigeria.
f. Diversifying into other enterprise like oil and gas, educational institutions/ services, etc within three years of operation (2015-2017) in the 36 states and Abuja of Nigeria.
g. Establishing a national/ sub-national conference(s) that shall once annually bring together all branches of the Cooperative in Nigeria for cross- fertilization on principles and practices of our systems as well as a means to strengthen weaker branches ( starting from 2016).
h. Establishing Cashville Finance Nigeria Limited within first year of operation (2015) to formally and corporately package all our financial activities to enable international trajectory, with activities including financial consultancy, investments in the international community, etc. The Cashville Finance Nigeria Limited shall invariably be the parent of the Cashville Multipurpose Cooperative Society Ltd, among other future incorporations derivable as we grow and develop.
i. All the above activities of the cooperative shall be conducted with the aim of assisting the three tiers of government , that is, Federal , States and Local governments in improving the welfare of its citizenry( and non-members of
Kiambu county co operative societies bill 2015Co-operatives
Purpose -establishment of legal and institutional framework for registration and regulation of co-operative societies in order to-
Promote growth and development
Enhance good governance
Promote local economic growth and development
Promote the realization of Article 36 of the Constitution on freedom of association.
This is a presentation to co-operatives on strategic planning. The process of coming up with a strategic plan is as important as the final document. It is critical that co-operatives participate fully in drafting their own strategic plans and coming up with final document that they own and can implement.
Strategic plans are critical for co-operatives to prioritize what they want to achieve and within what time period.
Co-operative societies, Sacos, Housing, Investmet, Marketing, etc need to come up with Business Plans to guide in running the co-operative business or help in raising funds, seeking credit, etc..
Standard operating procedures for co operativesCo-operatives
In military terminology it is used to describe a procedure or set of procedures to perform a given operation or evolution or in reaction to a given event. In General, SOP is a set of instructions having the force of a directive, covering those features of operations that lend themselves to a definite or standardized procedure without loss of effectiveness. Procedure is a specified way to carry out an activity or a process.
The reason for saving, challenges of saving money. Funds mobilization is one of the challenges in a co-operative society. Security of savings in a co-operative society is paramount.
Credit/Loan Policy of a co-operative society guidelines. The purpose of a loan policy, procedures of approving loans, guarantor-ship/loan security, etc.
These are the principles of co-operatives and form the foundation of the movement. I regard Education, Training and Information as the most important principles of co-operatives!!
Strategic Planning in co-operative societies is one of most important activity that sets the stage for growth and development of a co-operative society.
Your ticket to financial freedom doesn’t lie in getting a raise or enlisting services of a personal financial consultant. Your ticket to financial freedom lies in mastering basic money management.
Investment Opportunities for Members and Co-operatives.Co-operatives
Some of the investment opportunities co-operatives and individual members can exploit. This was a presentation made to a Savings and Credit Co-operative Society, Sacco.
Investments By Co-operatives and MembersCo-operatives
A presentation on investment in co-operatives especially to Saccos (Savings and Credit Co-operative Societies). The main objective of the Saccos is to promote thrift among their members by affording them an opportunity to accumulate their savings and access loans at affordable interest rates. It is therefore prudent for Saccos to invest wisely and according to Co-operatives Societies Act Cap 490.
This is the time all co-operatives that have their financial year as 1st January to 31st December are holding their annual general meetings. Members' expectations of course is tied to interest on deposit and dividends. People are making calls to know what percentages they are getting for the previous financial year.
EXAMPLE OF A SWOT ANALYSIS OF A SACCO SOCIETYCo-operatives
Saccos need to put strategic plans in place. SWOT analysis is a great tool in aiding in the process of making one. This is just an example and I bet Saccos and other types co-operatives face or have different strengths, weaknesses, opportunities, and threats.
Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
Palestine last event orientationfvgnh .pptxRaedMohamed3
An EFL lesson about the current events in Palestine. It is intended to be for intermediate students who wish to increase their listening skills through a short lesson in power point.
Francesca Gottschalk - How can education support child empowerment.pptxEduSkills OECD
Francesca Gottschalk from the OECD’s Centre for Educational Research and Innovation presents at the Ask an Expert Webinar: How can education support child empowerment?
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
Acetabularia Information For Class 9 .docxvaibhavrinwa19
Acetabularia acetabulum is a single-celled green alga that in its vegetative state is morphologically differentiated into a basal rhizoid and an axially elongated stalk, which bears whorls of branching hairs. The single diploid nucleus resides in the rhizoid.
A Strategic Approach: GenAI in EducationPeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
Honest Reviews of Tim Han LMA Course Program.pptxtimhan337
Personal development courses are widely available today, with each one promising life-changing outcomes. Tim Han’s Life Mastery Achievers (LMA) Course has drawn a lot of interest. In addition to offering my frank assessment of Success Insider’s LMA Course, this piece examines the course’s effects via a variety of Tim Han LMA course reviews and Success Insider comments.
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
2024.06.01 Introducing a competency framework for languag learning materials ...
Governance structure in housing co operative societies and board responsibilities
1. GOVERNANCE STRUCTURE IN
HOUSING CO-OPERATIVE
SOCIETIES AND
ROLES AND RESPONSIBILITIES OF
BOARD MEMBERS
STEPHEN MWANGI
Co-operative Officer
2. Provide members living accommodation at a fair and
reasonable price.
Provide facilities for physical and cultural recreation
and all such other matters as are usual, customary and
desirous for building estates, blocks of flats or single
dwellings.
OBJECTIVES OF HOUSING
COOPERATIVES
3. Raise funds by accepting deposits from
members and by contracting for loans from
non–members by issuing debentures or
mortgaging its property or by any other means
up to a maximum amount to be decided by the
General Meeting
SPECIFIC OBJECTIVES
4. Lend money to members for the purpose of;
(a) Acquisition of living accommodation for
themselves,
(b) For income generating purposes on such
terms and with such security as the Management
Committee may from time to time determine or
guarantee loans and advances to members for
similar purpose.
SPECIFIC OBJECTIVES
5. Undertake building operations by such means either
directly or indirectly as the committee may decide.
Acquire supplies of building and similar materials and
machinery of all kinds including household furniture
and equipment for use in building or for sale or hire
to members.
SPECIFIC OBJECTIVES
6. Acquire and relinquish lands, buildings and
rights over land and buildings by purchase,
lease or any other means as may be necessary
for the attainment of these objects.
Employ architect, builders, contractors, issue
plans negotiate and contract for services for
light and power, water drainage, roads, and
generally do all such things as are necessary and
customary for the acquisition of land and its
development for housing purposes.
SPECIFIC OBJECTIVES
7. Enter into contracts with members for the
sale or lease of land and building acquired by
the society in pursuance of its objects on
such terms and conditions as may from time
to time be determined.
Ensure progress of members and society
through continuous education programmes
on proper use of credit, reduction of
poverty, human dignity and co-operation.
SPECIFIC OBJECTIVES
8. To apply the co-operative principle of
cooperation among cooperatives in order to
promote members’ interests and in furtherance
to the objects of the society affiliate to the
relevant National Co-operative union and the
Apex society.
The society may do acts and things that are
permissible under the Act, rules and these By-
laws
SPECIFIC OBJECTIVES
9. Sub Sector State Corporations/Commissions
Sacco Societies Regulatory Authority (SASRA)
Ethics Commission for Co-operatives (ECCOS)
Co-operative Tribunal
New Kenya Cooperative Creameries (New KCC)
The Co-operative College which was a National Co-
operative Organization has been upgraded to a
University College
Structure of Co-operative Movement
in Kenya
10. The co-operative movement in Kenya is organized into four-tier
system consisting of;
Apex-Co-operative Alliance of Kenya
Tertiary (NACOs)-KUSCCO, NACHU-National Co- operative
Housing Union , Coop Bank, CIC, CCHL-Cooperative
Communication Holdings Ltd , KERUSSU-Kenya Rural SACCO
Societies Union, KPCU, KCCE-Kenya Co- operative Coffee
Exporters Ltd, CODIC-Co-operative Development and
Information Centre Ltd, New KCC.
Secondary (County/District Unions) and
Primary
Structure of Co-operative
Movement in Kenya
12. Consider and confirm the minutes of the previous General
Meeting.
Consider reports of committees, the Commissioner or his
representative and the audited accounts and the society‘s
activities during the past financial year.
Consider and resolve on the manner in which any available
surplus shall be distributed or invested, subject to the Act and
rules.
Elect or remove members of the Committee and the Supervisory
Committee, subject to the Act, Rules and these by-laws.
ROLE OF ANNUAL GENERAL
MEETING
13. Fix the indemnity for the elected committee members and
management staff.
Consider recommendations from the Committee, and
supervisory committee on suspension and expulsion of
members.
Consider appeals against refusal of membership by the
Committee.
Confirm or reject admission of new members by the
committee.
Fix the maximum liability which the society may incur in loans
and deposits from both members and non-members.
ROLE OF ANNUAL GENERAL
MEETING
14. Approve the estimates of income and expenditure
for the financial year following the General
Meeting.
Fix the honoraria, if any, for the committee.
Decide on the management structure, including the
establishment of branches to facilitate efficient and
cost effective delivery of services to members.
Appoint bankers, auditors and advocates of the
society for the ensuing year.
ROLE OF ANNUAL GENERAL
MEETING
15. Formulate rules for tenancies, conditions for loans
and all matters relevant thereof.
Affiliate the society to National Co-operative
Organization for Housing societies;
Receive report of the supervisory committee.
Transact any other business of the society for which
notice has been given to members in the manner
prescribed in these by-laws.
ROLE OF ANNUAL GENERAL
MEETING
16. Is the governing body of the society, elected
from the general membership and consists of
a minimum of 5 and a maximum of 9
members.
It includes the Chairman, Vice chairman,
Treasurer and Secretary all of whom are
elected by the Committee from amongst the
members of the Committee.
ROLE OF THE BOARD OF DIRECTORS
17. Observe in all its transactions the Act, the Rules,
these by-laws and prudent business practices.
Generally direct the affairs of the society.
Act upon all applications for membership.
Ensure that true and accurate records and accounts
are kept of the society’s money, and its properties,
capital reserves, liabilities, and income and
expenditure;
ROLE OF THE BOARD OF DIRECTORS
18. Prepare budgets for presentation at the General
Meeting;
Propose to the General Meeting the amount and kind
of surety bond, or other security, which shall be
required from any member of the committee or
employee having custody of or handling funds or
property of the society;
ROLE OF THE BOARD OF DIRECTORS
19. Determine and recommend to the General Meeting the interest
rates on loans, deposits, etc;
Cause the audited accounts to be displayed in a conspicuous
place at its registered office and branches;
ROLE OF THE BOARD OF DIRECTORS
20. Lay before the General Meeting audited accounts,
balance sheet and final accounts
Recommend to the General Meeting the dividend
rate to be paid on shares;
Fill through cooption vacancies occurring in the
committee between General Meetings;
ROLE OF BOARD OF DIRECTORS
21. Recommend investments of the society;
Authorize the conveyance of property;
Authorize borrowing and lending operations;
Designate a depository or depositories for the
funds of the society;
ROLE OF BOARD OF DIRECTORS
22. Employ and fix the remuneration of the employees in
accordance with the terms and conditions of service
as approved by the Commissioner;
Impose fines;
Approve transfer of shares between members;
Supervise the recovery and collection of loans and
recommend to the General Meeting the write off of
uncollectible debts to the General Meeting.
ROLE OF BOARD OF DIRECTORS
23. Perform or authorize any actions consistent with the
Act, the Rules and these by-laws, unless specifically
reserved for the General Meeting;
Provide adequate budget for education and training
of members, the committee and staff.
Perform such other duties as the General meeting
may from time to time direct;
ROLE OF THE BOARD OF DIRECTORS
24. Sub-committees consist of persons drawn from
the management committee.
The Committee may delegate to the sub -
committees some of its duties under the by-laws
as it deems fit.
The sub-committee convenes as directed by the
committee.
SUB-COMMITTEES
25. EDUCATION COMMITTEE
The Education Committee consists of three members including
the Vice-Chairman who serves as its Chairman. Its duties:
a) organize education programmes for members, committee
members, staff and the general public.
b) ensure that both the Committee members and the staff are
well trained and prepared for the tasks they are entrusted with
at the society.
c) create cooperative awareness to the general public.
TENDER COMMITTEE
Tender committee shall consist of all the members of committee
and any other officer(s).
SUB-COMMITTEES
26. To preside at meetings of the members, Committee
meetings and joint meetings with the Supervisory
Committee,
To Sign all society’s documents,
To perform such other duties as he may be directed to
perform by the Committee, not inconsistent with
provisions of the Act, the Rules and these by-laws.
THE CHAIRMAN
27. Duties of the vice chairman are;
a) To perform the duties of the Chairman during his
absence,
b) To preside at education committee meetings,
c) To perform such other duties as he may be
directed by the Committee.
THE VICE CHAIRMAN
28. To cause minutes of the general meetings,
Committee meetings, and joint meetings with the
Supervisory Committee to be recorded,
To ensure that notices of meetings are prepared and
sent,
To ensure that the society’s correspondence is
promptly and correctly attended to,
To keep the society seal under lock and key.
To perform such other duties as may be directed by
the committee.
HONORARY SECRETARY
29. To ensure that a proper record is kept of all monies
received and paid out by the society, its assets,
liabilities, capital reserve and its income and
expenses;
To ensure the safekeeping of the society’s money,
securities and books of accounts;
To ensure that all payment and expenditures are
dully authorized;
TREASURER
30. To ensure that within ten days after the closure of each
month, a financial statement showing the condition of the
society finances at the end of the preceding month is prepared
and submitted to the Committee for discussion;
To ensure compliance with all directions of the Committee, the
Act, the Rules and these by-laws on all financial matters,
To ensure that sufficient funds are available for loans to
members,
To perform such other duties as may be directed by the
committee.
TREASURER
31. DELEGATION TO EMPLOYEES
The committee may delegate to any employee of the
society such duties as it deems fit.
Nothing in (a) above shall absolve the Committee from
its responsibility of running the affairs of the society in a
proper and business like manner.
STAFF
32. The supervisory committee does not perform the duties
or exercise any of the powers of the committee.
Meetings of the supervisory committee are held
quarterly, save for joint meetings between its members
and those of committee.
All supervisory committee members should have
qualifications similar to those of committee members.
SUPERVISORY COMMITTEE
33. Members of the Supervisory Committee may be
required to have at least some proven knowledge of
accounts.
Members of the supervisory committee may be
removed by a resolution of the general meeting.
SUPERVISORY COMMITTEE
34. Countercheck, the effectiveness of the society’s
internal control systems through:-
1. Carrying out investigations as may be necessary for
the well being of society and members in general and
verifying the accuracy of the transactions of the
society.
2. Checking if cash and bank accounts are reconciled in
good time.
SUPERVISORY COMMITTEE
35. 3. Establishing whether the management of
the society use managerial tools i.e. budgets,
trial balances, economic reports, long term
plans and others and thereafter making
necessary recommendations to the committee.
SUPERVISORY COMMITTEE
36. Preparation and presentation of periodic reports
to the Management committee during joint
meetings.
Presentation of Annual Report to the General
Meeting.
Submission of its reports to the Commissioner.
SUPERVISORY COMMITTEE
37. The supervisory committee shall be held liable
for any loss incurred due to their negligence in
performing their duties.
SUPERVISORY COMMITTEE