BOTSWANA SAVINGS AND CREDIT CO-OPERATIVE ASSOCIATION
BOTSWANA SAVINGS AND CREDIT CO-OPERATIVE ASSOCIATION
The membership of the association shall consist of:
All registered SACCOs affiliated to the association in accordance with the BOSCCA BYE-LAWS, and secondary cooperatives societies under the Cooperative Society Act 1989 as and when amended.
Each member society affiliated shall be provided with a share certificate and a record of its shareholdings in the form prescribed by the Board of Directors.
Every affiliate shall have a right to attend the association’s annual general meeting.
Non-affiliates may attend the association’s annual general meetings as observers.
A society shall be an affiliate of the association subject to admission by the Board of Directors, confirmed by the annual general meeting and has paid an affiliate fee. The association may prescribe different fees and may prescribe the extent to which and the circumstances under which a particular fee may be refunded, if any. In addition to the timely payment of the association dues, the Board of Directors may from time to time require members to meet other obligation responsibilities that are consistent with the Cooperative Act and the BOSCCA BYE-LAWS.
In order to be admitted into the membership of BOSCCA, the applicant shall pay a non-refundable entrance fee of P200.00
A minimum of 10,000 membership shares of P1 each shall be issued only to SACCOs which are eligible for membership as defined above, therefore a total consideration of P10,000.00 membership fee is required.
Once admitted into membership, Member SACCOs are expected to pay a monthly subscription of P1.00 per member for BOSCCA sustainability.