Members who are able are invited to join the SACCO's uXpress Rewards - Grocery Club.
- Registration Fee is R1,500,
- Contribution is R1,500 utilized as follows:
- R1,000 10% Discount Upfumi.com Gift Card,
- R250 Retirement Savings Contribution and
- R250 Admin Expenses.
Retirement Savings: uXpress invests your Retirement Savings Contribution in Co-operatives Debenture Units offered by the Co-operative Debentures Exchange (CDE).
The CDE is a debenture securities listing of Zimbabwe National Co-operatives Federation (ZNCF) registered societies.
To list on the CDE societies must be:
- Registered with ZNCF on Co-op Pay
- Fully compliant with co-op regulations as dictated by the Zimbabwe Co-operatives Act Chapter 24:05 under the auspices of the Registrar of Co-operatives in the office of Women’s Affairs, SMES and Co-operative Development.
CDE debenture securities are listed as:
- Primary Debenture, where funds are invested in one society,
- Sector Debentures, where funds are invested in the Primary Debentures of specific cooperative sectors,
The management committee of uXpress SACCO as advised by the investments committee places funds in the CDE for the most benefit to saving members. Performance reports are published in the upfumi.com newsletter distributed by email to all subscribed members. Members of uXpress SACCO can contribute more funds to the CDE on an Ad hoc and discretionary basis as they are able. All members receive monthly portfolios of their investments in the CDE.
Grocery Club Rewards
- R1,000, 10% DISCOUNT UPFUMI.COM GIFT CARD
- R250 RETIREMENT SAVINGS CONTRIBUTION
- FREE UPFUMI MOBILE SIM CARD: All members get a free Upfumi Mobile SIM Card. Members can aslo acquire SIM cards for their family members to benefit from our many own network airtime and data promotions.
- R200 AIRTIME EVERY MONTH: All members receive R200 free airtime credited to their Upfumi Mobile SIM on the 1st of every month.
- 100Mb DATA EVERY MONTH: All members receive 100Mb free data credited to their Upfumi Mobile SIM on the 1st of every month.
- FAMILY INSURANCE BENEFIT: Ambulance Assist (family); Legal Assist (family); Arrest SOS (family). Funeral benefit: R20,000 death benefit (family); R20,000 accidental death benefit (family); R20,000 accidental injury benefit (main member); Repatriation (family); R625 weekly food benefit for 6 months (main member); Road cover (family)
- EXCLUSIVE DISCOUNTS: Merchants listed on upfumi.com offer online discounts and in-store vouchers promotions exclusive to uXpress Rewards Members. Refer to your upfumi.com newsletter for all available discounts and in-store vouchers.
- BUY NOW PAY LATER! Rewards Members have automatic Buy Now- Pay Later! credit on upfumi.com. All credit must be settled at the end of the month it was incurred. Your credit limit increases or decreases as a function of your trading and repayment activities.