Botswana Public Officers Savings and Credit Cooperative Society Limited jobs and careers

About Botswana Public Officers Savings and Credit Cooperative Society Limited

Objective- To Promote the economic interests of all society members to attain their social and economic improvement through saving. Corporate Powers- Savings & Credit Cooperative Societies have corporate powers. They allow the Society to accept and invest member's savings in a manner profitable to the Society and a good return to the members. Members benefit by virtue of: 1) a medium of a savings entity. 2) interest generated and 3) members also get dividends from their shareholding How The Society Operates- The General meeting of the society is the supreme body at which decisions on the Society to be implemented are made. These are also guided by the Bye-Laws in the confines of the Co-operative Society Act. Share Holding- A member is allowed to hold a minimum of 500 shares valued at P1.00 per share. These afford the member the voting rights and rights to be elected into the Committees of the society. Membership- 1) All public servants are eligible to join and save with the society from a minimum of P50.00 up to whatever amount they wish to save. 2) Membership is voluntary. 3) On retirement you may cash in your savings or continue to be a member through retirement. Loans- Members are afforded loans which are to the maximum of three times what they have saved in the society. That is, the ratio of 1:3.