CONVENTIONAL LOAN

SOFT LOAN

  • Member must be 6 month with the coop
  • Entitle to double the amount of his/her savings
  • Maximum tenor of 15 months
  • A post dated cheque covering at least 50percent of the sum  to be loaned.
  • Loan available for both existing member and non-member
  • Available within 24hrs
  • Non-member fill both loan form and member form and send together (minimum monthly contribution of N2000.00)
  • Tenor -payable within 3 months
  • 2 guarantor who must be member

XMAS / ILEYA LOAN

LAND ACQUISITION

ASSET ACQUISITION

Loan available for both existing member and non-member

Available within 24hrs

Non-member fill both loan form and member form and send together (minimum monthly contribution of N2000.00)

Tenor -payable within 3 months

2 guarantor who must be member

This is aim at improving the welfare and status of members.

This loan  is for member to acquire land in various location and  develop their person residential house.

the loan are spread for maximum tenor of 18 months

The cooperative handed over within a year after which all document must have been perfected on the land .

This loan is for member to purchase household commodities of their choice

Member get proforma invoice from choice but recognized dealer

Filled the loan form and attached the proforma invoice stating the amount of the asset

Member submit the request via the secretariat

Form review and if approved , fund is send directly to the sellers account

Member pick up the items from the seller .

Tenor– based on value and timing .