AMDA Bereavement Fund (ABF)
Death is inevitable. The AMDA Bereavement Fund was formed so that members can give themselves and their families a befitting send-off.
What is the Bereavement Fund?
If we can insure against risks that may never happen, what about the one thing we know will happen to each of us?
The ABF is an association of members who pool capital and resources to help members have a befitting send-off for themselves and their immediate relatives, and to enhance the unity of AMDA.
Who qualifies?
Any member of AMDA who is 18 years or older.
Equal membership system
All existing members contribute from the start of the fund. Members who join later pay all arrears from the start, except for members' children who have just come of age.
Entitlements in case of bereavement
| Item | Amount (UGX) |
|---|---|
| Upon the death of a member of the ABF | 7,000,000 |
| Upon the death of an immediate relative of an ABF member | 3,000,000 |
| Mandatory contribution by every ABF member on any such death | 10,000 |
How much does a member pay?
| Payment | Amount (UGX) |
|---|---|
| Membership fee, paid once at entry (non-refundable) | 50,000 |
| Monthly subscription | 20,000 |
Who are the beneficiaries?
- The member
- The member's spouse
- The member's biological child
- The member's biological parents
How is the ABF managed?
The ABF is run by an Executive Committee of five: a Chairperson, a Secretary, a Treasurer and two Committee Members. The AMDA Executive Committee appoints the Chairperson, who then appoints the rest.
Stewardship
The money is kept in an account at the AMDA SACCO, although the Fund is independent of the SACCO. Members receive a regular financial report at general meetings.
Investments
As the Fund grows, unused funds may be invested in ventures approved by members, possibly through an Investment Committee.
How to join
- Get your fees ready
UGX 50,000 for membership and at least UGX 20,000 for a month's subscription, plus monthly subscriptions since the fund began.
- Call the ABF team
They will guide you on eligibility and give you a membership form to fill.
- Pay and become a member
Pay the dues and get a receipt.
You can pay the Treasurer, Bernadine, by cash or Mobile Money and be issued a receipt. Or deposit on the SACCO account AMDA Cooperative Savings & Credit, A/C No. 01061020550512, DFCU Bank, Acacia Branch, and bring the deposit slip with the reason for the deposit to the Treasurer for a receipt.
Who to contact
Mr. Robert Ndyanabo
ABF Chairperson, +256 752 408 141
Mr. Collins Tumusiime
ABF Secretary, +256 776 698 302
Bernadine
ABF Treasurer, +256 788 809 377
Join the AMDA Bereavement Fund
Call the ABF team today and get your membership form.