Introducing the Co-op Pay Credit Card: Empowering Cooperators with Credit and Investment in One
In a bold step toward deepening financial inclusion and cooperative empowerment, the Co-op Pay Credit Card has been launched to give members of the cooperative movement a powerful tool for both spending and investing. Designed exclusively for individuals who hold the Cooperator Card and contribute monthly to their cooperative account, this innovative card offers more than just access to credit—it builds personal capital while supporting the wider cooperative economy.
The Co-op Pay Credit Card is available to registered members of cooperatives on the coops.africa platform. To qualify, a member must first order the Cooperator Card and commit to a monthly contribution. These monthly contributions, starting at US$50, are pooled into the Cooperative Debentures Exchange (CDE), where they are invested in income-generating cooperative ventures across Africa. This means every dollar contributed not only builds the member’s credit profile but also supports fellow cooperators through productive financing—creating a win-win model of solidarity and sustainability.
The unique structure of the Co-op Pay Credit Card allows members to use their contributions as security for credit on approved purchases, particularly from cooperative businesses listed on coops.africa. This encourages the circulation of capital within the cooperative ecosystem, strengthening co-op businesses while giving members access to trusted goods and services. The card can also be used for in-store and online purchases where accepted, with credit limits tied directly to the member’s contribution and investment performance.
Managed by the Zimbabwe Women’s Microfinance Bank (ZWMB) on behalf of Co-op Pay SACCO, the card is part of a broader vision to transform cooperators from mere consumers into active participants in cooperative financing and investment. ZWMB ensures that all member contributions are professionally managed and securely invested, with credit issuance handled transparently and responsibly to avoid over-indebtedness.
With the Co-op Pay Credit Card, every cooperator gains access to a practical financial tool that combines spending power with wealth-building. It reflects the spirit of cooperative economics—where individual growth fuels collective advancement. Cooperators are encouraged to sign up, contribute, and take part in a future where their money works not only for them but for their communities too.
Introducing the Co-op Pay Credit Card: Empowering Cooperators with Credit and Investment in One
In a bold step toward deepening financial inclusion and cooperative empowerment, the Co-op Pay Credit Card has been launched to give members of the cooperative movement a powerful tool for both spending and investing. Designed exclusively for individuals who hold the Cooperator Card and contribute monthly to their cooperative account, this innovative card offers more than just access to credit—it builds personal capital while supporting the wider cooperative economy.
The Co-op Pay Credit Card is available to registered members of cooperatives on the coops.africa platform. To qualify, a member must first order the Cooperator Card and commit to a monthly contribution. These monthly contributions, starting at US$50, are pooled into the Cooperative Debentures Exchange (CDE), where they are invested in income-generating cooperative ventures across Africa. This means every dollar contributed not only builds the member’s credit profile but also supports fellow cooperators through productive financing—creating a win-win model of solidarity and sustainability.
The unique structure of the Co-op Pay Credit Card allows members to use their contributions as security for credit on approved purchases, particularly from cooperative businesses listed on coops.africa. This encourages the circulation of capital within the cooperative ecosystem, strengthening co-op businesses while giving members access to trusted goods and services. The card can also be used for in-store and online purchases where accepted, with credit limits tied directly to the member’s contribution and investment performance.
Managed by the Zimbabwe Women’s Microfinance Bank (ZWMB) on behalf of Co-op Pay SACCO, the card is part of a broader vision to transform cooperators from mere consumers into active participants in cooperative financing and investment. ZWMB ensures that all member contributions are professionally managed and securely invested, with credit issuance handled transparently and responsibly to avoid over-indebtedness.
With the Co-op Pay Credit Card, every cooperator gains access to a practical financial tool that combines spending power with wealth-building. It reflects the spirit of cooperative economics—where individual growth fuels collective advancement. Cooperators are encouraged to sign up, contribute, and take part in a future where their money works not only for them but for their communities too.
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