Frequently Asked Questions 6
Can I have use of Co-op land for personal income generation?
By approval of the Cooperative. You will need to initially discuss the proposal with the members and present a business plan. However we encourage communal business.
What is the decision making process to gain Co-op approval?
Consensus and if not, 75% majority at co-op meetings, with each active member having one vote. We embrace transparency, honesty and cooperation.
What would be the arrangement for people wanting to build their own houses, eg if there is no ownership, who pays for the buildings?
All land and dwellings and infrastructure will be owned by the cooperative,which means YOU as a member. However we envisage investment shares for situations where members want facilities over and above the norm.
Is the investment commitment of $100,000 to purchase the land only, or to cover infrastructure development as well ?
The $100,000 full share covers land purchase, communal infrastructure, basic accommodation and it gives you voting rights - the level of accommodation will be determined subject to the amount of members, initial cost of land, total cooperative funds etc.
What if I do not have $100,000?
You can pay a $20,000 deposit and then pay off the rest or work it off by Cooperative agreement. Kanjini Co-Op has a tiered Share Structure So you can JOIN NOW with a deposit of $2000...