Shares

Every member of Wazo Hill SACCOS is required to contribute Membership share at a minimum amount of Tanzanian Shillings Fifty Thousand (TZS 50,000/=) per month. This requirement is mandatory for all members who are actively employed. The minimum Compulsory Membership Shares Amount that every member is required to attain within two years (24 months) is Tanzanian Shillings Two Million Five Hundred Thousand (TZS 2,500,000/=). Members who attain this amount shall be eligible to benefit from dividends declared from the profits earned during the respective financial year. Retired members who have already attained the minimum compulsory Membership share amount of Tanzanian Shillings Two Million Five Hundred Thousand (TZS 2,500,000/=) may contribute Voluntary shares on a voluntary basis. However, members who are still actively employed shall continue to contribute Tanzanian Shillings Fifty Thousand (TZS 50,000/=) per month as a Voluntary additional share contribution.