Benefits
Benefits
Our Benefits
Double of the Savings as Loan
Save in the cooperative account for 6 months consistently and get the benefits to get double of the savings as loan with 2 guarantors as backups... {those who have up to the amount you loan in the cooperative account without any default}
Life Time Cooperative Savings
Cooperative savings is life time, you can take all your savings, only, if you are pulling out of the cooperative but if not, savings continue running for loan to be given and dividend to be shared.
Dividend sharing is about sharing the profits made on loans or business done per year
TENURE AND PROFITS ON LOAN:
* 6 Months Short Term 10% profit
* 1 Year, Long Term 12.5% Profit
* 18 Months 15% Profit.
* 1 Year, Long Term 12.5% Profit
* 18 Months 15% Profit.
Default of payment when means forfeit of guarantors savings
AMOUNT TO SAVE
#2500 minimum to be consistent with monthly
NOTE:
YOU CAN ONLY LOAN DOUBLE YOUR SAVINGS WITH THE COOPERATIVE
BANK ACCOUNT DETAIL
BANK NAME: Zenith Bank PLC
ACCOUNT NAME: LITERARY AUTHORS COOP. SOCIETY LTD
ACCOUNT NUMBER: 1016260675
ACCOUNT NAME: LITERARY AUTHORS COOP. SOCIETY LTD
ACCOUNT NUMBER: 1016260675