Special Schemes Contribution

To register, visit our website at www.whiteshadowshub.com, fill out the membership application form, and submit the required documents. Our team will review your application, conduct a KYC process, and confirm your membership status.

The one-time 10% fee of the first month's contribution covers management and insurance fees. The insurance protects against eventualities such as death or permanent disability, ensuring your contributions are secure.

Slots are assigned using a fair and transparent fishbowl method, ensuring equal opportunity for all members. Each participant is given an equal chance to receive their share within the stipulated cycle.

Timely contributions are crucial for the smooth operation of the scheme. In the event of a missed contribution, the cooperative will engage with the participant to understand and resolve the issue. However, consistent failure to contribute may result in disqualification from the scheme.

Yes, qualified members can participate in WSC 25, WSC 20, and WSC 10 schemes if their financial capacity allows. This provides an opportunity to maximize financial growth and returns.

Once contributions are made, they are committed to the collective pool. As a cooperative, we rely on the commitment of all members. However, in exceptional cases, the cooperative board will review withdrawal requests on a case-by-case basis.

The insurance coverage, included in the one-time 10% fee, protects against death or permanent disability. In the unfortunate event that a participant is unable to continue due to these circumstances, the insurance will cover their remaining contributions, ensuring the smooth continuation of the scheme.

The KYC process involves verifying the identity, financial status, and health of each participant to ensure they meet the cooperative's standards. This includes submitting identification documents, proof of income, and a health certificate. This process helps maintain the integrity and security of the cooperative.

The KYC process typically takes between 5 to 10 business days, depending on the promptness of document submission and verification. Participants will be notified once their KYC process is complete and they are eligible to participate.

In the event of unforeseen circumstances (other than death or permanent disability), the cooperative will review the situation on a case-by-case basis. The participant's contributions up to that point may be considered for a refund depending on the terms and conditions agreed upon during registration.

Yes, participants can choose to make contributions in advance. This can be particularly beneficial for those who prefer to manage their finances more flexibly and ensure they remain in good standing within the cooperative.

Disbursement amounts are 100% tax-free.

Timely contributions are essential for the scheme's success. While the cooperative will work with participants to address occasional delays, repeated late contributions may result in penalties or disqualification from the scheme. Participants are encouraged to adhere to the contribution schedule strictly.

Participants can track their contributions and disbursements through the cooperative’s online portal. The portal provides real-time updates, transaction history, and upcoming contribution schedules, ensuring transparency and ease of access to financial information.

The cooperative offers comprehensive support, including financial advice, customer service, and member forums. Our team is dedicated to assisting members with any questions or concerns they may have throughout their participation.

Yes, members are encouraged to refer eligible business owners and salaried professionals to join the cooperative. Referrals help grow our community and enhance the collective financial strength of our members.

Beyond the financial schemes, members benefit from networking opportunities, financial literacy programs, and exclusive access to cooperative events. Our goal is to create a supportive community that fosters both personal and professional growth.

The key differences are:

WSC 25: Involves 25 participants contributing ₦250,000 each per month, with a total monthly pool of ₦6,250,000. Each month, 5 participants receive ₦1,250,000, with full disbursement over 5 months.

WSC 20: Involves 20 participants contributing ₦500,000 each per month, with a total monthly pool of ₦10,000,000. Each month, 4 participants receive ₦2,500,000, with full disbursement over 5 months.

WSC 10: Involves 10 participants contributing ₦1,000,000 each per month, with a total monthly pool of ₦10,000,000. In the first two months, 3 participants receive ₦3,000,000 each, and in the third month, 4 participants receive ₦3,000,000 each, with full disbursement over 3 months.

Switching between schemes is generally not permitted once contributions have begun, due to the structured nature of the disbursement cycles. However, participants can apply for a new scheme upon completion of their current cycle, subject to their financial capacity and cooperative guidelines.

WHITEshadows Community Cooperative implements a transparent fishbowl method for slot assignments, conducts regular audits, and provides members with access to real-time updates and transaction histories through the online portal. Additionally, member meetings and forums are held to ensure open communication and accountability.

For more information or assistance, you can visit our website at www.whiteshadowshub.com, use the contact form available on the site, or reach out to our customer service team via email or phone. We are here to help you make the most of your membership and participation in our financial schemes.