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MUT BIG MINDS CONSTITUTION INFINITE GROWTH [DATE] ICT TEAM MBM TOGETHER WE CAN
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1 | P a g e MBM INFINITE GROWTH
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2 | P a g e MBM INFINITE GROWTH Contents 1 INTRODUCTION ..................................................................................................................................... 3 1.1 NAME ............................................................................................................................................. 3 1.2 AIMS OF THE GROUP ..................................................................................................................... 3 1.3 OBJECTIVES OF THE GROUP .......................................................................................................... 3 1.4 VISION OF THE GROUP .................................................................................................................. 3 1.5 MISSION OF THE GROUP ............................................................................................................... 4 1.6 MOTTO .......................................................................................................................................... 4 1.7 SLOGAN ......................................................................................................................................... 4 2 MEMBERSHIP ........................................................................................................................................ 5 2.1 ELIGIBILITY FOR BEING A MEMBER ............................................................................................... 5 2.2 RIGHTS OF A MEMBER .................................................................................................................. 5 3 LEADERSHIP .......................................................................................................................................... 6 3.1 Chairman ....................................................................................................................................... 6 3.2 VICE CHAIRMAN ......................................................................................................................... 6 3.3 SECRETARY .................................................................................................................................... 6 3.4 TREASURER .................................................................................................................................... 6 3.5 ELECTION OF LEADERS .................................................................................................................. 7 3.6 THE ELECTION COMMITTEE .......................................................................................................... 7 3.6.1 MEMBERS .............................................................................................................................. 7 3.6.2 FUNCTIONS OF THE ELECTION COMMITTEE: ........................................................................ 8 4 FUNDS ................................................................................................................................................... 9 4.1 Sources of funds in the group ....................................................................................................... 9 4.2 Procedure for bank account .......................................................................................................... 9 4.3 M-pesa Line ................................................................................................................................... 9 5 MEETINGS ........................................................................................................................................... 10 6 AMMENDMENTS AND DISSOLUTION ................................................................................................. 11 6.1 AMMENDMENTS ......................................................................................................................... 11 6.2 DISSOLUTION ............................................................................................................................... 11
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3 | P a g e MBM INFINITE GROWTH 1 INTRODUCTION 1.1 NAME The name of the group shall be Murang’a University of Technology Big Minds (MBM). 1.2 AIMS OF THE GROUP I. To improve the living conditions of its members economically. II. To improve income generation of its members. 1.3 OBJECTIVES OF THE GROUP I. To give opportunity to the members to keep their savings for their own benefit. II. To educate members to develop a habit of saving. III. To get loans and grants from financial institutions to increase members income through investment. IV. To provide an opportunity for each member to improve economically and their status quo. V. To cooperate with other cooperatives in order to promote members interest. VI. To generate enough capital for running the group’s business es. VII. To promote the value of self-reliance among members. 1.4 VISION OF THE GROUP To be the leading group in the country in empowering young entrepreneurs towards development of the economy by self- employment.
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4 | P a g e MBM INFINITE GROWTH 1.5 MISSION OF THE GROUP To provide an opportunity for members to come together and mobilize savings, provide affordable credit facilities for promotion of social-economic welfare of its members. 1.6 MOTTO INFINITE GROWTH. 1.7 SLOGAN TOGETHER WE CAN.
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