PRESENTATION WHAT IS SIKAPA CREDIT UNION SIKAPA CREDIT UNION is a - - PowerPoint PPT Presentation
SIKAPA CREDIT UNION WIDEVIEW INVESTMENT LIMITED PRESENTATION WHAT IS SIKAPA CREDIT UNION SIKAPA CREDIT UNION is a financial product by WIDEVIEW INVESTMENT LIMITED. This product makes it easy for members to save, invest and acquire loans in the
WIDEVIEW INVESTMENT LIMITED
SIKAPA CREDIT UNION is a financial product by WIDEVIEW INVESTMENT LIMITED. This product makes it easy for members to save, invest and acquire loans in the comfort
PCs and mobile devices devoid of the hassle and scurry of modern day Traffic congestions. The product encourages the use of mobile money, visa and other electronic payment systems.
In September 1955, the first credit union in Africa was formed at Jirapa in the North – West now the Upper West Region The idea was introduced by Rev.Father John McNulty an Irish Canadian. Upon discussion with The First President of the Republic, Dr. Francis Kwame Nkrumah by the then Bishop Dery of the of Wa; The President encouraged the formation of Credit Unions across the country.
In 1968, The Ghana Coorporative Credit Union Association (CUA) Limited was formed to regulate credit union in Ghana.
SIKAPA CREDIT UNION is simply a credit union powered by High Technology and driven by a rewarding affiliate program. To become a member one needs to visit www.sikapa.org to sign up with your mobile number and create an account. One also need to have the reference of an up line member to be able to complete the affiliate registration and start earning money on down lines
You need an amount of GH¢198.00 to register. GH¢100.00 goes to buy you shares in the credit union and GH¢93.00 enters you into the affiliate program. GH¢5.00 is used to pay the CUA fees on each member per the regulations of
Credit/Debit Card.
A member can directly introduce unlimited members as level 1 members, so he/she can have unlimited number of affiliate accounts. Each affiliate account contains five direct members, so the system automatically creates affiliate accounts for a member when ever he attains five direct members.
AFILLIATE ACCOUNT 1
SPONSOR DIRECT DOWNLINE INDIRECT INDIRECT [DIRECT DOWNLINE DIRECT DOWNLINE DIRECT DOWNLINE DIRECT DOWNLINE INDIRECT
After every five direct sponsorship, the system automatically creates a new account for the member when a member is introducing new direct members. So a member can have several affiliate accounts to earn more commissions. E.g. If a member has 15 direct downlines to register, it means therefore that the member will automatically have 3 affiliate accounts.
AFILLIATE ACCOUNT 2 AFILLIATE ACCOUNT 1
SPONSOR DIRECT DOWNLINE INDIRECT INDIRECT [DIRECT DOWNLINE DIRECT DOWNLINE DIRECT DOWNLINE DIRECT DOWNLINE INDIRECT
SPONSOR DIRECT DOWNLINE INDIRECT INDIRECT [DIRECT DOWNLINE DIRECT DOWNLINE DIRECT DOWNLINE DIRECT DOWNLINE INDIRECT SPONSOR DIRECT DOWNLINE INDIRECT INDIRECT [DIRECT DOWNLINE DIRECT DOWNLINE DIRECT DOWNLINE DIRECT DOWNLINE INDIRECTAFILLIATE ACCOUNT 3
Direct Sponsorship Commission (DSC)
KOJO LIND A SAM Y
KOFI
AMA
YB KAY
YAW
JB
The below diagram shows that, Kofi will earn 20cedis each from AMA, KOJO, LINDA, SAMY and YAW
Qualification You can only become a member to qualify for DSC by paying your registration fee of GHS198.
AFFILIATE MEMBERSHIP REWARD
Indirect Sponsorship Commission (ISC)
A member will earn 10cedis as an indirect sponsorship commission on each indirect registered sponsor on your level 2, will earn 8cedis on his/her level 3, 8cedis on level 4, 6cedis on levels 5 and 6cedis on level 6 respectively. Qualification A member is qualified for ISC by remaining active in the system. That is renewing one account every 12 months. Where a member becomes in-active, all his/her down-line benefits will be paid to the very available active up-line sponsor.
SPONSOR LEVEL1=GH20 LEVEL2=GH10 LEVEL2=GH10 LEVEL1=GH20 LEVEL2=GH10 Level3=GH8 Level4=GH8 Level5=GH6 Level6=GH6
AFFILIATE MEMBERSHIP REWARD
Structure on Sponsorship Earnings
Each member renews his/her account with GHS100.00 every 12 months to remain active; and gets rewarded with a yearly residual income.
AFFILIATE MEMBERSHIP REWARD
Account Renewal Commission (yearly Residual Income)
AFFILIATE MEMBERSHIP REWARD
This income can be made repeatedly since your team members may have multiple accounts.
AFFILIATE MEMBERSHIP REWARD
Account Renewal Commission ( yearly Residual Income)
SIKAPA SILVER
QUALIFICATION
➢ A Member should have at least one active affiliate account for three consecutive months. ➢ A Member should have at least 155 registered members as his or her downlines. ➢ A member should have completed level 3 of his team.
SIKAPA EMERALD
QUALIFICATION
➢ A Member should have at least one active affiliate account for three consecutive months. ➢ A Member should have at least 3,125 registered members as his or her downlines. ➢ A Member should complete Level 5 of his team.
7TH GENERATIONAL LAPTOP
➢ A Member should have at least one active affiliate account for three consecutive months. ➢ A Member should have at least 15,625 registered members as his or her downlines. ➢ A Member should have completed Level 6 of his Team.
PERFORMANCE REWARD
SIKAPA PLATINUM
➢ A Member should have an active account for at least 90 days. ➢ The Member should have at least two affiliate
10 direct sponsors and have not less than 25000 members who are active for one month. ➢ The member should have at least GHS30,000.00 in his/her investment account, in which at least 50% of the account balance are earnings from the affiliate account. ➢ The member should provide a land for the housing project. In case the member meets all the conditions but does not have a piece
for him/her until he procures a parcel of land for the project.
QUALIFICATION
PERFORMANCE REWARD
Cash out are made through Commission wallet account. There are two options of cash out.
Mobile Money Cash out – a member can do cash out to his/her mobile money account instantly. Credit/Debit Cash out – a member can do cash out to his/her co-branded special visa prepaid card from selected
machine and also can spend money on it online. NB: Commission wallet cash out attract 3% charges