2. WHO ARE WE?
We are a financial institution with character.
We offer individuals and groups a rewarding
manner to save. We make Saving a joyful
activity with our numerous Membership and
Loan Packages.
5. KEYS FOR THIS MEMBERSHIP PACKAGE
There are two categories of Membership
Non-dividend sharing membership and Dividend sharing membership
Non-dividend sharing membership: This is a membership were the members are not
mandated to save without withdrawal for twelve calendar months without withdrawals
in order to merit a bonus of 10% per annum of their cumulative savings over a period of
eleven months. These members simply have to abide by the regulation which states that
a member must Save with the organization for a minimum of three months before he or
she becomes legible to apply for a credit facility. Furthermore such persons only get
bonuses when they invest in fixed deposit.
Dividend sharing membership: This membership encourages its members to Save
diligently for special reasons or simply to develop the wisdom of many multibillionaires,
which is a prudent lifestyle. Or simply put, being the boss over your money. Furthermore
this membership package encourages successful Savers with bonuses upon reaching
several financial saving milestones. A member is obliged to Save for twelve months or
one calendar year without any withdrawals, and in return he or she gets a bonus of 10%
per annum on ones cumulative savings for eleven months.
6. SAFE COOPERATIVE SOCIETY LTD
BRONZE MEMBERSHIP Bronze Membership: The bronze membership is a package tailored to appeal to those that intend to
Save as low as 1,000 naira daily.
Obligation of a Member
A compulsory contribution, which can be a daily plan or a weekly plan. The member shall contribute a
minimum of 1,000 naira every week.
The member must diligently make his/her agreed contribution for twelve weeks to be legible for a
credit application.
A nonrefundable Membership fee is set at 1,000 naira for this membership package which includes
a contribution card and three free sms alerts
Benefits
A member with the bronze membership can apply for a facility after the twelve weeks observation
period and get it within one week.
A member with the bronze membership can apply for a maximum of 50,000 naira credit
A member with the bronze membership has a maximum of thirty days to pay the principal plus
interest of his/her facility.
A significant amount on returns from dividends after one calendar year. Note: For Dividend sharing
members only
7. SAFE COOPERATIVE SOCIETY LTD
SILVER MEMBERSHIP Silver Membership: The silver membership package is tailored to cater for the needs of a variety of
people, it’s tailored to sustain the small scale entrepreneur and middle class. This gives room for larger
Savings.
(Financial key: Earning minimum of 20,000 naira monthly and 5,000 naira weekly)
Obligation of a member
A compulsory contribution, which can be a daily plan or a weekly plan. The member shall contribute a
minimum of 2,000 naira weekly with the option to contribute 20,000 naira monthly.
The member must diligently make his/her agreed contribution for eleven weeks to be legible for a credit
application.
A nonrefundable Membership fee is set at 2,000 naira for this membership package which includes the
contribution card and three free sms alerts.
Benefits
A member with the silver membership can apply for a facility after the minimum eleven weeks observation
period and get it within 48 hours
A member with the silver membership has a maximum of ten days to pay the principal plus interest of
his/her facility. Except discretion is used in merited special circumstances.
A member with the silver membership can apply for a maximum of 200,000 naira credit
A significant amount on returns from dividends after one calendar year. Note: For Dividend sharing
8. SAFE COOPERATIVE SOCIETY LTD
GOLD MEMBERSHIP
Gold Membership: This membership package enables private sector office workers, Civil servants,
Personnel's in the arm forces and several middle class entrepreneurs cultivate a savings habit whiles
enjoying the benefits of the gold membership.
Obligation of a member
A compulsory contribution, which can be a daily plan or a weekly plan. The member shall contribute a
minimum of 5,000 naira weekly with the option to contribute 30,000 naira monthly.
The member must diligently make his/her agreed contribution for ten weeks to be legible for a credit.
A nonrefundable membership fee of 5,000 is set for this package
Benefits
A member with the Gold membership can apply for a facility after the minimum ten weeks observation
period and get it within 48 hours
A member with the Gold membership status merits a flexible repayment plan which can exceed four
months.
A member with the Gold membership status has the option of requesting a credit worth up to 500,000.00
naira
A gold member can merit a huge compensation after one calendar year through dividend. Note: For
Dividend sharing membership only
9. SAFE COOPERATIVE SOCIETY LTD
PLATINUM MEMBERSHIP (Savers League)
Platinum membership: This membership package enables those that intend to Save with little
interest in accessing a facility get the right kind of benefits they deserve from Saving their bulk
funds.
Obligation of a member
Nonrefundable membership fee of 10,000 naira which covers a withdrawal booklet, free alert
notification for the first month and instant credit application access
Voluntary contribution of a specific amount.
Benefits
Instant access to apply for credit facility without the 6 weeks contribution and evaluation period. Note:
This is a leverage for Non dividend members only
Attractive Fixed deposit rates when contributing diligently.
An official prestigious Platinum apparel Polo shirt
Platinum membership enables one apply for credit of 500,001 naira and above.
10. SAFE COOPERATIVE SOCIETY LTD
CORPORATE MEMBERSHIP
This enables companies, private and public sector organizations, informal and formal
cooperatives, NGO's and several parastatals benefit from our Savings packages
collectively, whiles also taking advantage of our generous Credit facility schemes.
Obligation
A registration fee of ten thousand naira, which includes a withdrawal booklet and three
free sms alerts
A voluntarily agreed sum to be contributed either on a daily, weekly or monthly basis
A corporate body must wait for a period of twelve weeks before being legible to apply for a
Credit facility.
A cooperative, whether informal or formal must have a minimum of five members, and all
members shall agree on a compulsory Savings which can be done daily, weekly or monthly.
Benefits
Access to Credit facility within one week. After a successful application when the
mandated twelve weeks observation period has elapsed
Bonus of 10% per annum on contribution done for eleven months, after twelve months of
successful savings without withdrawal has elapsed Note: For dividend sharing members only
Secured funds due to a minimum of dual signatory mandate
11. SAFE COOPERATIVE SOCIETY LTD
GRAND SAVINGS MEMBERSHIP (Savers League)
This product enables one maneuver economic changes swiftly, as it gives one the opportunity to invest
both miscellaneous and project intended volumes of funds with exceptional returns on investment.
This is your ultimate gateway out of the economic rat race.
Consideration
Since this product is designed for persons with prudent goals, we expect a voluntary decision would have
been taken on how they intend to fulfill their goals. Hence obligations are relegated to give room for our
candid suggestions.
We are of the opinion that a minimum of thirty thousand naira should be saved monthly
We strongly advise that funds saved on a daily, weekly or monthly basis should not be withdrawn for a
period of one calendar year to be legible for the end of year dividend sharing, a withdrawal before the end
of a calendar year disqualifies one from part-taking in the end of year dividend sharing.
Benefits
Even though early withdrawal before the end of a calendar year disqualifies one from enjoying dividends at
the end of that calendar year, Grand Savers have exclusive access to Credit facilities all year long.
Replicating or depositing more than the amount of your initial savings deposit on a monthly basis for
twelve calendar months gives you 100% of your initial deposit after one year.
Double dividend: A 10% per annum bonus is given to all members that save over twelve months without
withdrawals, furthermore those that consistently save their initial deposit or more every month for twelve
months also get a dividend of 100% of their initial savings.
Exclusive credit facility access
Exclusive fixed deposit dividends
An official Grand saver apparel polo shirt
12. KEYS FOR SAVERS LEAGUE
Every Platinum and Grand Saver members are in a league of their own because it takes
great maturity and prestige to voluntarily give up wasteful habits and choose to Save
and become prudent.
Hence recognition and incentives are our way of encouraging such positive attitude
Platinum and Grand Saver members ought to serve as role models to the other
categories of membership as well as themselves most importantly, hence we reward
these members with a specially branded exclusive polo shirt. The prestige then sets in
when another member identifies your Polo apparel which neatly carries your
membership status and the Logo of the organization, you don’t need to say a word. As a
Platinum or Grand Saver your committed level of maturity and your volumes in savings
are already speaking on your behalf.
That Polo shirt is earned.
Picnics, brief barbecue meetings, golf lessons and tournaments as well as strategic
financial growth gatherings between Members will be schedule from time to time, with
Platinum and Grand savers receiving a peculiar sms alert from Safe-coop Ltd, carrying
details such as venue, time and regulations regarding a plus one etc.
The Savers League is a Grand association of prudent, strategic, goal oriented
likeminded individuals, with a paramount goal of Saving, investing wisely and
reinventing themselves both mentally and financially.
In most Savers League events your Polo shirt admits you into the gathering and in a
general meeting your Polo shirt humbly distinguishes you.
14. SAFE COOPERATIVE SOCIETY LTD
LOAN KEY
For the Bronze, Silver and Gold business loans, a 2.0% processing and Management Fee and
4 months maximum maturity period apply.
For the Platinum Business loan size, 2.5% Processing Fee Management Fee and 6 months
maximum maturity period apply.
Eligibility
Customer must be 20 years or older.
Customer must have an active current account with a Commercial Bank in Nigeria.
Customer should be a resident of FCT Abuja (for now).
Customer must have a verifiable monthly income (either on paid employment or self-
employed).
Customer must have a clean Credit Bureau Report or a good credit record/history.
Customer must not have a history of returned cheques in his or her account.
Our loans are given on the merit of good character, trustworthiness and financial
responsibility after all due processes have been fulfilled in black and white.
15. SAFE COOPERATIVE SOCIETY LTD
OFFICE LOANS
This loan product is for individuals with verifiable wages earning, with urgent financial
needs.
Loan Amount:
Between N50, 000.00 and N1, 000,000.00
Tenure: Four months. Note: Terms and conditions apply for extensions
16. SAFE COOPERATIVE SOCIETY LTD
BUSINESS LOANS
Product Name Amount Range (N)
Bronze Business loan 1 – 50,000
Silver Business loan 50,001– 200,000
Gold Business loan 200,001 – 500,000
Platinum Business loan 500,001 – above
This product offers business loans with a convenient maturity period primarily for business expansion.
17. SAFE COOPERATIVE SOCIETY LTD
COOPERATIVE&CORPORATE LOANS
Cooperative Loans are credit facilities which can be accessed by individuals or groups
within a cooperative body, whether informal or formal within the Corporate Membership
Package.
An individual or a group of persons within a cooperative can access as much as their Savings
equity within the Organization.
An individual or a group of persons within a cooperative body can access more that their
Saved equity when a collateral valued at a minimum of 130% of the proposed loan facility is
offered.
A Corporate loan is a loan accessed by a corporate entity, NGO, or company.
The terms of such Credit facilities are in line with the Credit figures schematic in the latter
slide. I.e.: Bronze, Silver, Gold…
