Greenland Co-orperative

Greenland cooperative multipurpose society ltd.

Greenland co-operative multipurpose society limited is resisted, certified and regulated by the Lagos state government with the primary purpose of eradicating poverty and empowering people.

Our vision

To be the most relevant cooperative society in Africa, by creating value driving services that will multiply the fortune of our stakeholders.

Our mission

To become the prime multipurpose cooperative society, investing in and developing Africa as well as consolidating the financial and asset base of members.

Our Objectives

To create fund to be lent to member for various purposes.

To undertake thrift and credit business by mobilizing deposits from members.

To meet the business and social need of our members.

To promote enterpreneurial spirit among members.

To invest in assets and businesses that generates distributable profits for our members.

To inspire and motivate our members through cooperation.

To do all such things as are incidental or conducive to the attainment of any of the above objects.

General Benefit

You develop a saving culture to meet future needs.

Every member is entitled to one type of loan or another per time.

Members enjoy all forms of financing such as education, housing, cars, leasing, bulk purchase etc.

Free business training and monitoring

Interaction, collaboration, partnerships networking and investment opportunities.

Financial advisory services.

You earn very attractive commission for every new member you introduce. We have a work plan that make you a millionaire

Terms and Conditions

Disbursement of loan is only possible if the applicant meet the requirement that ensure recovery of such loan.

Only members would be primary beneficiary of any of our services.

To access any load, member must have been registered with the cooperative and making regular contributuion/savings for 6 months and must produce 1 to 3 guarantors who are also members of the cooperative and have at least the amount of money he/she want to obatin as oan in savings or share capital.

Loans are insured at a specific cost to the eligible member.

Repayments are calculated on the reducing balance of loan at 1% interest rate.

There are no fixed interest rates or return on investment on share capital investment. Return on investment. Are based on profits made from businesses/investment made. There is no guaranteed income.

Inconsistent payment of monthly savings will affect of money to be received during profit sharing and ease of loan processing.

All payment shall be made only to designated bank accounts. GREENLAND COOPERATIVE MULTIPURPOSE SOCIETY LIMITED shall not be liable for any cash transaction with any individual or body.

Further detail can be found in our bye-law

To exit cooperative, an equity member must give a minimum o 3 months notice, while a network member must give one month notice to allow for proper account collation and records.