Building Wealth Through Family Membership

CareCoop endeavours to be a true wealth builder and in doing so, changes have been implemented to address some challenges among others being;

• The continuation of the main member’s legacy in an unfortunate demise of main member
• Inclusion of younger generation amidst aging membership concerns (sustaining operations)
• Progressive and organic growth of CareCoop membership

Common bond entails:

• Immediate family of main member will now be members of CareCoop
• These include, spouse and children of main member (biological or legally adopted children)
• Members above 18 will be allowed to borrow while below 18 will be savers only 
• Members below the age of 18 years will be allowed to have accounts opened for them in trust
• Upon attainment of age 18, members transition and become eligible to borrow
• Only members who have been with CareCoop for a period not less than 12 months and have been consistent with their savings contributions/loan repayments for that period shall be eligible to enlist their immediate family member(s) as secondary members.
• Secondary members shall require their loans to be fully guaranteed in the first 5 years of their joining membership beyond which period they will be transitioned into primary members with all benefits of primary membership accruing to them.
• Ts & Cs shall apply