Cooperative Loan

We offer regular loans to our members at very attractive and affordable interest rates. The maximum credit limit is determined as twice the total savings of the applicant at the time of application. Approval is subject to loan committee decisions, availability of funds, and securities provided.

Loan Requirements

✔ Membership & Savings: Active membership for at least 6 months with minimum monthly contribution of ₦2,000.
✔ Documentation: Duly completed application form.
✔ Financial Proof: Recent pay slips required.
✔ Guarantors: Two reputable cooperative members.

Interest Rates

• 5% for 3–10 months

• 10% for 12–15 months

• 12.5% for 20 months

Repayment Structure

Loans are typically repaid over 3–20 months and are usually deducted directly from salary.

Other Services

→ Electronic Loan
→ Commodity Loan
→ Other Loan

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