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