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We simplify your financial needs and operations

We provide loan for our members, stock consumer and producer goods for distribution to members, provide professional/financial advisory services and much more. Register now and get notifications on cooperative activities on the go.

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Features

Savings and loans

We encourage thrift among members so that each member may cultivate the habit of making savings at least once monthly, with a view to building up funds for their individual future use.

Accounting and reporting

All financial transcations are managed by a customized cloud-based electronic acounting software which processes deposits, withdawals,loans and other transactions and draws /issues the appropraite ledgers, documents and reciepts to members emails

safety and security

Our system is backed by multi tiered architecture that provides added security to all transation done on our platform. Rest assured, your money is safe with us

Best rates

Access loans with minimal interest rate and convinient terms of payment.

Lion Multi-Purpose Co-operative

About Us

Lion Multi-Purpose Co-operative Society Limited was incorporated on the 14th day of July, 2021 in Enugu State under the Nigeria Co-operative Societies Act No 98 of 2004. It is a voluntary association of individuals/legal persons united by common bond, who have come together to pursue their socio-economic goals for their own benefits with high regards to non-members.

Our Objectives

To encourage thrift among members so that each member may cultivate the habit of making savings at least once monthly, with a view to building up funds for their individual future use.
To enable members to obtain loans from the society at a minimal interest rate with convenient terms of repayment.
To promote mutual co-operation among members.
To stock consumer and producer goods for distribution to members and non-members; (with priority to members) at fair and reasonable prices.
To operate warehouses and cold room facilities for the storage of these consumer and producer goods and let out these facilities to interested parties.
To acquire acres of land for sale, lease or Estate development to meet the housing needs of members or for residential, commercial or industrial purposes as a form of investment for the economic benefit of members and other interested parties.
To undertake and invest in new ventures beneficial to its members and the Society as approved by the Management Committee. These include Projects Financing; Feasibility Studies, business plan etc.
To undertake service businesses that will cater for the primary needs of members and other patrons managed in the overall interest of members and the Society.
To undertake such financial management schemes like Special Withdraw-able Deposit and Community Banking Schemes at co-operative and competitive rates for members and other interested parties.
To encourage fixed deposits from members out of which a fund may be established for giving short-term loans to members, to acquire stock of shares and other rewarding ventures.
To raise funds through share holdings by members in the Society to undertake such other activities as are necessary for the attainment of these objects.
To invest in Agricultural products. This will include crop and animal farming, buying and selling of Agricultural products and any other agricultural activity.
To engage in other economic or social activity as may be approved by the Management Committee or the general meeting of members.
To seek loans for residential, commercial or industrial housing development from banks, the co-operative circle and other financial institutions.
To secure wholesale mortgage, either for on-lending to members or for housing development and let or sell such dwellings on mortgage basis.
To do anything within the law and enter into any transaction which in the Society's opinion is necessary to ensure the proper performance of its functions or the attainment of the above listed objects.

Our Mission & Vision

Our Mission

To provide economic, effective and efficient services that will assist our members bridge the gap of acute and persistent financial deficit through the pool of resources that will be made available by cooperators and driven by cutting edge technology, sound management of financial and other resources with integrity and transparency, while making sure our management team and Staff are optimally motivated in order to add value and deliver quality services to the satisfaction of all stakeholders.

Our Vision

To be the largest and best Cooperative Society brand in Nigeria, providing unparalleled value to our members through innovative financial solutions, sustainable growth opportunities, and a commitment to excellence in all our endeavors.

Our Services

Thrift Collection

We encourage thrift among members so that each member may cultivate the habit of making savings at least once monthly, with a view to building up funds for their individual future use.

Financial Adivisory

We provide professional/Financial Advisory Services - Investment appraisal, feasibility studies, business plans etc.

Short Term Loans

We provide short-term loans for our members at a minimal interest rate with convenient terms of repayment.

Goods and Services

We stock consumer and producer goods for distribution to members and non-members; (with priority to members) at fair and reasonable prices.

Warehouse Facilities

We operate warehouses and cold room facilities for the storage of consumer and producer goods and let out these facilities to interested parties;

Real estates

We undertake investment in Real Estate and Housing developments for the acquisition of our members and other interested parties.

Non-Member Services

Access these specialized services even without cooperative membership

Beneficiary Withdrawals

Quick and secure process for beneficiaries to access entitled funds.

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Land Acquisition Program

Join our land acquisition initiative with competitive terms and flexible payment options for non-members.

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Gallery

Highlights from our projects and events

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Frequently Asked Questions

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Get In Touch

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Contact Information

Address

Suite 116, Continuing Education Centre UNGEL Guest House (CEC), University of Nigeria Main Campus, Nsukka, Enugu State, Nigeria

Phone

+234 (0) 8034077466

+234 (0) 912 440 1489

Email

lmcsnigltd@gmail.com

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© 2021 - 2025 Lion Multipurpose Cooperative Society. Experience supported by Meetbeddy

WELCOME NOTE FROM THE PRESIDENT OF LION MULTI-PUPORSE COOPERATIVE SOCIETY NIGERIA LIMITED.

Stephen Ebialim Ndili

M.Sc., B.Sc., HND, FCA, CPFA, MILRM
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Cooperative societies developed out of the effects of the industrial revolution of the 18th and 19th centuries. One of the characteristics of the industrial revolution era was poor remuneration and inadequate access to financial capital, which is currently a similar situation facing the average Nigerian worker today.

As a result of the above, workers have little or no option than to find solution to address their poor income in order to accumulate capital that will enhance their wellbeing. Cooperative Societies are organized by people with similar background. Their main objective is usually to solve common problems and protect common interest.

Again, it is very obvious that commercial loan sources have become inadequate in addressing the demand for money. These loan sources are characterized by high interest rate and other extraneous conditions which have made obtaining loans from conventional Banks and similar institutions stifling and unattractive.

In addition, we have identified the crude method of financial record keeping by current operators of cooperative societies. Also observed by our team is the issue of difficulties and secrecy involved in ascertaining cooperators financial standings and the painful resolve by individual cooperators to physically visit their cooperative offices from time-to-time for insignificant enquiries. We have resolved these challenges by providing veritable online real-time services to our members and prospective members alike.

Consequently, this project outlines our understanding and resolves to bridge the gap of persistent and acute financial needs of the University of Nigeria, Nsukka Staff and other interested government and organized private sector workers.

The cooperative will be managed with cutting edge technology. Efforts are already in place to adequately manage the financial aspect of the system with a customized cloud based electronic accounting software and website (front-end interface) to assist cooperators easily access their financial status online-real-time. Our solution is interactive and user friendly with customized individual cooperators dashboard/profile giving them unfettered access to manage their savings, loans, shareholdings and many more.

The Management team of Lion Multipurpose Cooperative Society Nigeria Limited has been carefully drawn from tested, proven and trusted professionals.

It is on this backdrop that we have anchored our decision to assist the University, her Staff and Staff of similar structured organizations to provide a veritable platform that will enable our members and prospective cooperators secure short-term loan, buy articles, invest in real estate, agriculture and other commercial ventures that will benefit our members and other interested members of the public.

Finally, we have concluded arrangements to charge minimal and fixed Interest rate to our members and other interested members of the public.

After a deliberate and careful survey of the activities and operations of cooperative societies and other similar organizations offering financial services within and outside our environment, we are poised to offer the following unique services to our members and prospective members:
  • Online application and disbursement of loans
  • Professional advisory services. Members who intend to seek investment loan and requires the services of the cooperative management for a token fee will be assisted with professional investment advice such as investment appraisal, feasibility study and other qualitative professional counsel.
  • Management of cooperators funds with a customized cloud-based electronic accounting software.
  • Maintenance of online-real-time services of each cooperators profile (including financials). This will be done through a front-end interface that will enable cooperators access to their profile in real time.
  • We have provided a platform that will cushion the effect of members’ financial needs by issuing soft loans without collateral.
  • We will provide loans and sell articles on non-fluctuating interest rates.
  • Due to our resolve to operate a technology driven cooperative society, our services will be extended to other interested and Structured Public and Private Sector organizations with considerable limit to distance.
In consideration of the above, I humbly wish to invite you to click the signup/register menu on the topmost right hand corner of our website – www.lmcsnigltd.org.ng to commence a worthwhile journey with other family members of Lion Multi-Purpose Cooperative Society Nigeria Limited.

We promise you a rewarding experience that will be characterized by ownership, transparency, integrity and accountability
CONGRATULATIONS AND WELCOME TO LION MULTI-PURPOSE COOPERATIVE SOCIETY NIGERIA LIMITED!