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Friday, 22 December 2017 12:26

Dividend Advance

Members shall be eligible to access part of their dividends, for the current period under the following conditions.

  1. The amount eligible to members is 70% of the previous year’s Dividends, at a commission of 10% of the amount payable

  2. Dividend advance is accessible ONLY to members who are in good standing (Repay Loans on time & Contribute Consistently)

  3. The product will only be accessible in January 2018 preceding the ratification of the dividends during the AGM.

  4. If in good standing, please send your membership number to This e-mail address is being protected from spambots. You need JavaScript enabled to view it  by January, 15th 2018.

 

Illustration;

 

Amount earned in 2016  60,000.00
Amount eligible @ 70%  42,000.00
Commission @ 10%    4,200.00
Advance Dividend  37,800.00

 

 

 

 

 

 

 

 

Last Updated on Friday, 22 December 2017 12:45