Q. Is there a limit on how many times I can make withdraws from my savings?
A. Yes, you can only make one withdrawal in a period of thirty (30) days.
Q. What if I leave employment and stop earning a regular income can continue being a member?
A. Yes, you may continue being a member but your account will be put on monthly schedule. In that case you should directly deposit your contributions into the Nkwazi bank account.
Q. How can I check my savings and loan balances?
A. You can check your savings and loans balances by requesting for your statement at the Nkwazi office where all Nkwazi records are managed and stored. However, soon you should be able to check for your deposit and savings balances online through the Members Are of the Nkwazi Coop web site
Q. What benefit do I get if I do not want to get any loans from Nkwazi?
A. As long as you are a fully paid up member you will be entitled to get dividends.
Dividends are calculated as follows: Dividends = Average Savings + ZMW1,000 shares x Rate (%).
The rate is decided upon by the Board after taking into account income earned and operating expenses at the end of a financial year.