Membership Terms

• Registration fee of ₦1,000 is required
• Minimum monthly contribution is ₦1,000
• Contributions are split: 80% Savings, 20% Shares
• Members must be approved by admin before activation
• Loan applications subject to approval and contribution history
• Members must provide valid identification documents

Financial Terms

• Interest rate on loans is 5% per annum
• Loan repayment periods range from 3-36 months
• Late payments attract additional charges
• Insurance premiums are deducted from contributions

Privacy and Data

• Member information is kept confidential
• Data is used for cooperative operations only
• Members consent to communication via email/SMS

Data Collection

We collect personal information including name, contact details, and financial data for cooperative operations.

Data Usage

Your data is used for:

• Account management and services
• Financial transactions and reporting
• Communication and notifications
• Regulatory compliance

Data Protection

We implement appropriate security measures to protect your personal information.

Data Sharing

We do not share your personal information with third parties except as required by law.