This covers both financial and business investments. Our major business is centered on ICT, Agriculture and Financial Market. Further business ventures are:

Ø Transportation

Ø Advertisement

Ø Real Estate

Ø Stock Market

Ø Imports and Exports and many more

• ·   Dividends are declared and shared only among share members based on the profits made from the business and number of shares a member purchased.

-           Minimum saving is N1,000

-           Save as you can afford

-           Customer MUST save at least 6 months to qualify for loan

• ·      Dividends are declared and shared among the public members who subscribe to this product and is based on the profits made from the loan interest. For example, if 3.2% is declared in a fiscal year, it means you will get 3.2% of your total savings as profits whether you collect loan or not.

• ·      Share members also get little part of the profits made from this product as decided by BOT

This is a service offered when target savings is not completed, or a loan repayment is not returned and decided to withdraw from the member’s savings. In this situation, it attracts a certain percentage amount as agreed by the management at the point of time.

Membership Registration: A registration fee is required to become a registered member of this service and to obtain the Cooperative Card.

Four (4) Line Products of Festival MoneyBox:

Product Package 1:

This is a daily contributions service, and an amount is required daily for 1 year to be able to qualify to receive the following items:

1.         One (1) bag of 50kg rice,

2.         2.75 liters of vegetable oil

3.         One (1) 400g tin of Milo,

4.         One (1) 400g tin of Milk

5.         One (1) sachet of Maggi

Product Package 2:

This is a daily contributions service, and a certain amount is required daily for 1 year to be able to qualify to receive the following items:

1.         One (1) life Goat

2.         One (1) bag of 50kg rice,

3.         2.75 liters of vegetable oil

4.         One (1) 400g tin of Milo,

5.         One (1) 400g tin of Milk

6.         One (1) Indomie 70g

7.         One (1) sachet of Maggi

8.         One (1) sachets of spaghetti

Product Package 3:

This is a daily contributions service, and a certain amount is required daily for 1 year to be able to qualify to receive the following items:

1.         One (1) bag of 50kg rice

2.         One (1) life Ram

3.         One (1) carton of malt

4.         2.75 liters of vegetable oil

-         In this festival moneybox, a month is 31 days (whether the month ends with 27/28/29/30/31 days while a years is 372 days instead of 365 days); 30 days contributions per month is for the customer while 1 day contribution belongs to the cooperative.

-         The public member gets exactly the product package subscribed.

-         Opt-out option attracts 5% interest.

• ·      Share members also get little part of the profits made from this product as decided by BOT

The customer contributes daily a certain amount at his/her capacity.

-         In this product also, a month is 31 days while a years is 372 days instead of 365 days; 30 days contributions per month is for the customer while 1 day contribution belongs to the cooperative.

-         The public member gets exactly the amount contributed at the end of the year apart from the ones which belongs to the cooperative.

-         Opt-out option attracts 5% interest.

-           Minimum saving is N1,000

-           Save according to the customer capacity.

-           At least 3 months savings

-           Customer gets interest rate of 3% per annum

-           Whatever saved, attracts benefit of 0.75% per month

-           Opt-out option attracts 1% interest.

Share members also get little part of the profits made from this product as decided by BOT

-           Minimum saving is N1,000

-           Save particular amount per month without default.

-           Target MoneyBox is 12 months

-           Customer is rewarded a month saving plus the total savings per annum.

For example, a customer can save say N10,000 per month that’s N120,0000 per annum, so at the end of the fiscal year, the customer will be given N130,000. Note you can save as many years as you have targeted.

-           Opt-out option attracts 1% interest.

• ·      Share members also get little part of the profits made from this product as decided by BOT

Sales made from this product is taken back to the Investment Business as profits and is liable to be shared among the share members according to the number of shares a member purchased.

Also, any amount made from the services rendered in this product is taken back to the Investment Business as profits and is liable to be shared among the share members according to the number of shares a member purchased.