CONVENTIONAL 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.
SOFT LOAN
- 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
- 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
LAND ACQUISITION
- 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 .
ASSET ACQUISITION
- This loan is for a member to purchase household commodities of their choice
- The member gets a proforma invoice from choice but recognized dealer
- Filled out 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 sent directly to the seller account
- Member picks up the items from the seller.
- Tenor– based on value and timing.