Each member has to purchase shares in the Society. Each share is worth Rs. 10, and a minimum of ten shares must be purchased initially to become … In addition he/she is to pay Admission & Donation decided by the society time to time…..
Branches
Members
Products
Board Of Director
AL - Khair Co-operative Credit Society Ltd. is a truly people-centric co-operative. Established in 2002, the organisation was founded by around 20 individuals who pooled their resources to create a positive impact. Registered under the Multi-State Co-operatives Act, 2002, our society is governed by the Cooperative Societies Act, 2002, of the Government of India. AL-Khair operates uniquely as an interest-free microfinance institution, offering hope to those in need. Now it is governed by the multi sate cooperative society (Amendment) Act &Rules -2023.
The disadvantaged section of society needs money for their survival during difficult times. In this situation, they fall prey to moneylenders. It is worth noting that money lenders charge interest monthly, which can range from 60% to 120% per year.
Al Khair Co-Operative Credit Society Ltd. penetrated the society of slum dwellers and helped them understand the habit of small savings and thrift. We kept their accounts always unlocked and catered to their day-to-day financial needs. They were freed from the ruthless moneylenders and the biased financial market.
