Timange Modern Concept Coop
Our cooperative vision is to develop small to medium-scale commercial real estate development and provide affordable commercial rental properties for small to medium-sized businesses in the country to benefit all Malawians..
Real estate Projects
To offer shares to Malawians worldwide as a source of pooled capital and then finance real estate development projects to rent them out to members.
Cooperative’s members
To actively contribute to the economic improvement of the cooperative’s members by equitably distributing the net surplus as patronage refund .
Engage our members,
To proactively engage our members, and the community at large on new initiatives and how the society can actively participate in other sectors of our country’s economy.
How to join Timange Coop?
To join Tomange coop as a member, you need to do the following:
Fill and sign the membership application form.
Deposit your coop contribution to the Bank Account of FDH Bank Lilongwe Branch
Projects Development Plans – Commercial Buildings
Phase 1 – Lilongwe
Shares are selling now at MK250,000/share, including admin + service fee
Break down of share split:
MK225,000 to fund land purchase
MK 20,000 membership fee/annual
MK5,000 admin/processing fee/per share purchase
ABOUT US
Timange Modern Concept Cooperative is a real estate investment Cooperative for indigenous Malawians living in and outside the country.
What is a Cooperative
A cooperative is an autonomous association of persons united voluntarily to meet their common economic and social needs and aspirations through a democratically controlled enterprise.
Proposed Plans in Lilongwe
FAQs
You can’t vote and be involved in the coop’s decision-making process.
Yes. Members are owners who help guide the business and benefit from profit-sharing.
Membership is open to Malawians in and outside the country, which is the age of majority are 18 years of age and older.
It’s easy to become a member. Complete a Membership Application form available on our website (if available), pay membership fees and purchase at least one share of the Co-op.
It is K20,000 per annum.
Once a member completes a share purchase, they get a coop number.
No, you are required to pay the membership fee at one with the admin/processing fee, BUT you can pay for share purchase in instalments. For instance, you can pay a K25,000 membership + admin fee at once, but you have 90 days to complete a share purchase to become a full member with voting rights.
We will keep the service fee paid but refund all your funds paid for the share purchase and the registration fees.
Timange Modern Concept Coop
The Coopertive objectives are to promote its members’ economic and social welfare through the provision of effective services according to sound business and cooperative principles.