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Friendly Societies

A Friendly Society is an unlimited number of persons who join together to achieve a common financial and/or social purpose. The members voluntarily bind themselves to rules which are capable of variations in the future, subject to a majority of such members agreeing. It cultivates the practice of thrift, self reliance, self help, and assist in fostering community spirit, poverty eradication, and nation building.


There are several types of Societies which are applied in CAP 184 of
THE FRIENDLY SOCIETIES ACT:-

Friendly Societies

The purpose of this society is to provide voluntary subscriptions by members with or without the aid of donations.

Working Man’s Club

The purpose of this society is to provide voluntary subscriptions by members with or without the aid of donations.

Friendly Societies

This Society is used for sporting activities, propagation of culture and social intercourse. Its origin can be traced to ancient Egypt.

Cattle Insurance Society

For insurance against the loss of meat cattle, sheep, lambs, swine, horses and other animals by death from disease or otherwise.

Benevolent Societies

For any benevolent or charitable purpose.

Specially Authorized Societies

For any purpose which the minister may authorized which are in accordance with the Act.

Benefits

Death benefit Birth benefit
Sick benefit Funeral Expenses
Optical benefit Travel in search of employment benefit
Dental benefit Distressed circumstances benefit
Maternity benefit Endowment of members or nominees benefits
Retirement benefit Fire insurance benefits
Investment fund Animals insurance benefits

How Does One Become A Member of a Friendly Society?

Generally, a person wishing membership is recommended by a member and according to the societies rule may be required to pay and maintain a membership fee. Every society’s benefits differ. As a result, member’s weekly or monthly contributions may also differ.

What Contributions Do Friendly Societies Make to Their Communities?

A Friendly Society helps in bringing a community together. It teaches thrift and self reliance. It assists in uniting all the people regardless of colour, creed, race and religion. It acts as a vanguard in fighting the social ills of the community.