Company Profile Introduction Mission

Botswana Teachers Union (BTU) Business Centre, More Power Investments (MPI) is a company registered To build innovative and affordable products and services through investing in human resource. in 2012, in accordance with the Companies Act. Its head office is based in . It has regional offices in Kanye, Gumare, , , and Maun. Values MPI manages portfolio group schemes. These ranges from property rental and financial services in partnership with banking offering home loans, vehicle and personal loans and insurance that are short term • Customer centricity – we will provide exceptional service delivery and long term (including funeral and legal) • Communication - We will actively foster constant communication to our stakeholder (internal & external) • Information Technology and Innovation – We will make use of the best and latest user friendly technology • Business Ethics – We will operate in due skill, competence and integrity at the best interest of the company Our clientele are teachers, lecturers and employees in the Ministry of Education. We also have retired • Sensitivity to Diversity – We will create an inclusive environment, promoting respect and understanding members and associates members. • Employee welfare – We will create a conducive working environment; best workplace practice and rewarding commited employees • Performance and Result oriented - We will work towards achieving strategic business targets On products such as short and long term insurance clientele base covers both BTU members, companies and the general public. Vision

A client centric organization driven by proficient personnel.

2 | MORE POWER CORPORATE PROFILE MORE POWER CORPORATE PROFILE | 3 Be Financially Literate

Free financial As part of our mandate, BTU Business Centre, More Power Investments is committed education to offering free financial education to BTU members. This involves:

1. Budgeting 3. Saving 1. Plan for your future income and expenditures that you can Saving is income not spent, or deferred consumption. use as a guideline for spending and saving. Many people Methods of saving include putting money aside in, for already use a budget to plan their spending but routinely example, a deposit account, a pension account, an spend more than they can afford. Key to spending within investment fund, or as cash. Saving also involves reducing your means; know your expenses and spend less than you expenditures, such as recurring costs. In terms of personal 2. make. A good monthly budget can help ensure you pay your finance, saving generally specifies low-risk preservation of bills on time, have funds to cover unexpected emergencies, money, as in a deposit account, versus investment, wherein and reach your financial goals. risk is higher; in economics more broadly, it refers to any income not used for immediate consumption. 3. 2. Investing Commit money or capital to an endeavor with the expectation 4. Debt Management of obtaining an additional income or profit. There are many Debt Management Plans help reduce outstanding, unsecured ways you can go about making an investment such as putting debts at a reduced level over a fixed period of time to help money into stocks, bonds, mutual funds, or real estate regain control of finances. Debt Management Plans are 4. (among many other things), or starting your own business. individually tailored based on what can be realistically afforded on a monthly basis.

4 | MORE POWER CORPORATE PROFILE MORE POWER CORPORATE PROFILE | 5 TEACHERS UNION FUNERAL FUND BOTUFF Rates Life assured Bronze Silver Gold Diamond Main member and spouse P25,000 P40,000 P50,000 P60,000 Having a funeral plan in place is important to cushion yourself Children between 15 & 21 (25 if a fulltime student) P25,000 P25,000 P25,000 P25,000 Products & Services financially during a very tough time. Children between 6 & 14 P25,000 P25,000 P25,000 P25,000 Botswana Teachers union Funeral Fund (BOTUFF) is a The legislative framework governing the operations of both While a funeral plan Children between 0 & 5 P13,000 P13,000 P13,000 P13,000 registered fund under the deeds of trust proving group funeral NBFIRA and supervised institutions as known as the “Financial can never ease the scheme. Its membership is open to members of BTU who Services Law” which include amongst others The Insurance Still born P6,500 P6,500 P6,500 P6,500 pain of your loss, it can wishes to subscribe to the objects of the trust. Currently the Industry Act. help to make the path scheme has approximately 15,000 subscribing members. ahead just that much Membership encompasses of teachers, lectures, pensioners, The NBFIRA Act is the main component of the financial services PREMIUM P45 P60 P65 P70 easier. associate members and government employees with a high law. It was mandatory for BOTUFF to comply according to the Parents/Parents in-law up to max of 4 people P5,000 P10,000 number from Ministry of Education. standards set by the regulatory authority as non-compliance would have resulted in imposed penalties. As a result this Maximum entry age of less than 80 years From inception, the scheme was run in house by the union. called for a need to engage a licensed insurance agent hence PREMIUM P25 P50 In 2008 Non-bank Financial Institutions Regulatory Authority the engagement of Getbucks in 2013. The latter became (NBFIRA) was established to regulate and supervise nonfinical an interlink between BOTUFF and the currently engaged Extended family members up to a max of 4 people P5000 institutions so as to foster the high standards of conduct underwriter being Regent Life Botswana. Prior Regent Life Maximum entry age of less than 65 years of business, safety and soundness, fairness, efficiency and Botswana the scheme was underwritten by Liberty orderliness, stability of the financial system and deterrence of Life Insurance effective 2008. PREMIUM P30 financial crime by non-financial institutions.

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Micro Lending Bulk airtime and data bundle BTU through its business center MPI offers competitive and lucrative financial services in partnership with the following BTU Loans can be used for farming, education, housing, debt Be mobile offers attractive and unique packages coupled with commercial banks: repayment, business, funeral, wedding or other purposes. affordable rates that is suitable for the member. The contract Loans are offered from 6 -36 months credit products from runs for 24 months • Standard Chartered Bank Personal loans Construction Mortgages BWP 1,000.00 to BWP 150,000.00 • Barclays Bank Personal loans are offered from BWP Construction mortgages are available Handset Voucher Getbucks offers quick and easy application to meet your cash • First National Bank 10,000 whilst the maximum is BWP and will finance up to 100% of the A member shall be eligible for a phone voucher and/or laptop needs, processing within an hour payout within 24 hours • Bank of Baroda 500,000. construction cost in bank approved voucher for the value corresponding with the credit amount as Caution: Borrowing more than you can afford can lead to areas. Completion of semi-complete per the packages selected. Phone vouchers range from BWP The products offered are Personal financial difficulties. Terms and Conditions apply. Getbucks is The lowest interest rate offered is at structures or purchase and complete an 650.00 to BWP 3,400.00 with a free sim card. A member loans, Mortgage and auto loans. a registered credit provider 10.5%. Minimum tenor is 1 year whilst incomplete property. Interest rates, tenor, Debt/Income receives airtime on monthly basis for 24 months. maximum is 6 years ratio and length of payment vary from Auto Loans Bulk airtime and data bundle bank to bank. Terms and conditions Mortgage loans: Arrangement varies The lowest interest rate is 9.5% Be mobile offers attractive and unique packages coupled with apply. The Bank of Botswana Prime from bank to bank. Tenor 6 years affordable rates that is suitable for the member. The contract Rate is currently 7.5% per annum Brand new vehicles and used vehicles. runs for 24 months and the base rate and margin will be 100% financing of the purchase price Terms and conditionsapply varied from time to time in line with in order to encourage home ownership Handset Voucher changes in the financial environment for members. No deposit is required A member shall be eligible for a phone voucher and/or laptop and any changes in the prime rate from the client if they wish to purchase voucher for the value corresponding with the credit amount as advised by Bank of Botswana. properties in Bank approved areas. per the packages selected. Phone vouchers range from BWP The lowest interest rate is offered at 650.00 to BWP 3,400.00 with a free sim card. A member 8.5 % receives airtime on monthly basis for 24 months.

8 | MORE POWER CORPORATE PROFILE MORE POWER CORPORATE PROFILE | 9 Laptop Packages Bemobile offers laptop vouchers amounting to BWP 3,500.00 and BWP 5,000.00 each with monthly data bundles of 300 MB, 500MB or 1GB. The laptops are issued with modems and a complimentary Quality Services (Pty) Ltd t/a Chartered Insurance Brokers (CIB) is a 100% printer, phone or tablet. owned subsidiary of BTU Business, MPI incorporated in 2010 under the Legal scheme Botswana Companies Act. Quality Services (Pty) Ltd trades by the name This scheme comprises of four packages namely: Chartered Insurance Brokers (CIB), as an Insurance Broker licensed by Non- Basic package BWP 30.00, Bank Financial Institution Regulatory Authority (NBFIRA) under Insurance Act Montsamaisi BWP 50.00, Mmereki BWP 90.00 (cap 46.1) of the Republic of Botswana effective 01/03/2012. Its acquisition Boleng BWP 120.00. by MPI was as a result of growth and diversification of its products and services. All the packages covers labor, civil and criminal matters; bail application, divorce, debt related matters, assistance with contract and wills, land and tribunal disputes, guidance on small claims court matters, administrative legal proceedings, child custody and maintenance issues, and motor vehicle accidents CIB’s products cover both short term and long term insurance products issues arising from accidents. underwritten by a number of Insurance companies. CIB’s clients are companies, public and BTU members. Being a wholly owned subsidiary of Building Materials BTU business, MPI facilitates the purchase of building materials at discounted rates. Delivery of materials MPI, CIB already has a captive market of 18,000 Botswana Teachers Union is across the country (BTU) members.

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Unit 19, Kgale Court 126 | Gaborone International Finance Park P O Box AD645 ADD Kgale View, Gaborone, Botswana Tel: +267 3924516 | Fax: +267 3924541