Frequently Asked Questions
Membership FAQs
Is the Co-op only open to those in the Diaspora?
No, the Co-op is focused on building Zambia, thus, membership is open to all Zambians and friends of Zambians in the homeland and the Diaspora.
What is the membership fee?
|
· Non-refundable for individuals- $30/K500 · For companies/organisations – We have not yet decided |
What will the membership fee of $30/K500 be used for?
The membership fee will be used for operational costs including the administration of group activities i.e., Website, running of activities on the ground (Zambia), legal etc.
Does the $30/K500 also cover my investment?
No, the $30/K500 is only a membership fee that allows members to participate in the company’s investment opportunities. Each opportunity will require interested parties to invest based on the agreed investment amounts. (This will be revised)
How many members do we have so far?
There are approximately 300 potential members that form this WhatsApp group. These will be converted to membership once the membership fee is paid.
How do I pay membership fee?
Please go to our website at www.globalcoopzambia.com to make your payment. You can also make payment via Zelle using our e-mail globalusza21@gmail.com. We are still working on the payment platform for Zambia.
What are the by-laws that govern the company?
The Company will government by LLC operating agreement this will include operating framework and regulatory requirements such as taxation, liability etc.
About Our Services
What We Do
Globo Multi-Purpose Co-operative Society is an investment vehicle set up by Zambians in the Diaspora, specifically to mitigate some of the impediments mentioned above, especially the shortage of financial capital to facilitate selected development programs.
Our Approach
Because the larger participation and membership is in North America, Global Co-op Zambia (GCZ) is a Delaware Incorporated Company (S-corporation) and is also registered in Zambia as Globo Multi-Purpose Co-operative Society and the United States of America for ease of business. The registration in Zambia is in form of a co-operative to allow for the mass participation of local Zambians and at the same time benefits from the new Government investment incentives that are aimed at rejuvenating the economy.
Our Mission
The business opportunity is to set up an investment vehicle in form of a co-operative that will invest in projects in selected high social-impact areas of the Zambian economy.
Have a Different Question?
Email us anytime