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  • The following are under Financial Services

      • Lease: This involves partnering with members for hire purchase or long lease of assets like cars, equipments and machinery. We step in with our members who on a good day would not have been able to carry out the transaction individually. Transaction dynamics and pricing is defined and decided on a case by case basis

    Money Tree: This is a product for members/Associates of the Cooperative. It is a hybrid product that combines savings and loans. You are expected to save over a defined period then we give you a percentage sum in excess (up to 300%) of your savings to help you grow your business. The savings & loan is in cycles of 30 days, at the end of 1 cycle you are moved on to the next higher cycle till you get to the peak

    Target Market

        • Petty traders

        • Shop owners/traders

        • Commodity traders

        • Market men/women

    Features

        • Encourages regular savings

        • Access to loans of up to 300% of savings

        • Supports businesses in growth

        • Easy to access

        • Ease of payback

        • Entry is at any qualified level

    Benefits

    • Members are afforded funds to meet their various needs.

    • Members do not need collateral to access funds

    • Product encourages members to save

    • Ease of payback

    Eligibility

    • Members of Coinbox Cooperative Multipurpose Society Limited

    • Funding cycle –This is the modern-day version of the AJO system but based on defined terms and conditions.

       

        • Funding cycle –This is the modern-day version of the AJO system but based on defined terms and conditions.

       


     





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