Our Objectives
The objectives of Nkaimura Welfare Group
- To encourage thrift among its members by affording them an opportunity for accumulating their savings.
- To create a source of funds from which the members can borrow at a fair and reasonable rate of interest.
- To provide an opportunity for the members to improve their respective economic and social conditions.
- To provide members with credit for provident and productive purposes.
- To ensure safety and soundness of the member funds through a Risk Management Programme or appropriate insurance coverage.
- To ensure the progress of its members by educating them continuously on the proper use of credit, familiarization with the Act, rules and by laws, development in the co-operative movement and the roles of various committees and subcommittees, and the role of members in the welfare group.
Our Principles
In the conduct of its business, the welfare group shall be guided by the International cooperative Principles. These welfare group Principles are
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Democratic member control
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Economic participation by members
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Autonomy and independence
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Education, training and information
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Co-operation among members
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Voluntary and open membership
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Concern for community
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