Tandizo Benevolent Fund

The Cooperative shall maintain a fund known as “TANDIZO BENEVOLENT FUND”. Membership to the fund shall be compulsory for all members of CareCoop. The objective of the Fund is to raise and maintain funds for the purpose of assisting family members in meeting burial expenses upon the contributor’s demise and assist contributing members get an honourable burial.

The major source of income for the Fund shall be annual contributions by members. Annual contributions shall be paid through a mandatory debit on withdrawable savings accounts at the beginning of the year. Members shall make an annual contribution subject to a minimum amount set by the Board at any given point in time.

Aims and Objectives

• Assist family members in meeting burial expenses upon the contributor’s demise.
• Assist contributing members get an honourable burial.

Membership

Compulsory Membership: All members of CareCoop are automatically enrolled in the Tandizo Benevolent Fund.

Annual Contributions:

• Each member contributes ZMW200 annually.
• Contributions are collected via a mandatory debit on all savings accounts at the beginning of each year.
• For existing members, this is automatic and requires no application.

Benefit

• Once-off Benefit: Members receive a benefit of ZMW12,000.00 upon their demise, to assist with burial expenses.