Our Services & Operations
Comprehensive financial solutions for our valued members
Our Operations
Our Society grants regular loans, emergency loans, publication loans, electronic and equipment loans, and returns on fixed deposits and other investments as key operations. In addition, the Society engages in regular (festive periods are cogent) commodity sales of bags of rice, gallons of vegetable oil, and other Fast Moving Consumer Goods (FMCGs), amongst others, to members as a form of welfare package. Also, giving to the less privileged is of great importance to us.
Regular Loan
Members are eligible for a regular loan facility of not more than 200% of their ordinary savings balance with a maximum repayment period of 18 months.
- Up to 200% of savings
- 18 months repayment
- Competitive rates
Emergency Loan
Members are entitled to an emergency loan facility of not more than 100% of their ordinary savings balance with a maximum repayment period of 3 months.
- Quick approval
- 3 months repayment
- Flexible terms
Publication Loan
Members are entitled to a loan facility for the publication of an academic textbook with a maximum repayment period of 3 months.
- Academic support
- 3 months repayment
- Career development
Electronic & Equipment Loan
Members are eligible for a loan facility of not more than an ordinary savings balance or NGN500,000 maximum with a repayment period of 10 months.
- Up to ₦500,000
- 10 months repayment
- Flexible terms
Commodity Sales
Members are entitled to regular and festival commodity sales with a maximum repayment period of 3 months.
- Essential goods
- Festival packages
- Flexible payment
Advisory Services
Members are entitled to the best advice on profitable business ideas to invest their loan facilities.
- Expert guidance
- Business planning
- Investment advice
Member Benefits
- Investment Opportunities
- Access to Regular and Emergency Loans
- Landed Property Acquisition
- Dividend Gains
- Household Equipment Loan
- Regular Commodity Sales