Save together. Lend to each other. Share what it earns.
Where your money goes, and how it comes back.
- 01
Members save
Every member commits at least ₦50,000 a month in ordinary savings, and owns share capital in the society.
- 02
The society lends
Pooled savings fund loans to members — for school fees, a home, a business — at a transparent rate, backed by two member guarantors.
- 03
Interest comes home
Borrowers pay interest to the society, not to a distant lender. It becomes the society’s income.
- 04
Members share the surplus
At year end, the books are closed and audited, and the annual general meeting decides how the surplus is shared.
Three pots, each with one job.
Every member has a naira wallet and a dollar wallet. Fund the naira wallet by bank transfer; fund the dollar wallet with USDT or USDC, or with naira converted at the society’s published rate. From your wallets, money moves into three savings pots.
- Ordinary savingsNaira · monthly
- Your monthly commitment. It stays in the society — the foundation everyone lends from — and is paid out to you when you leave.
- Voluntary savingsNaira · flexible
- Add whenever you like, or set a monthly plan. Withdraw to your wallet when you need it.
- Dollar savingsUS dollars · flexible
- The same, in dollars, from your dollar wallet. Dollar savings stay in dollars.
Credit from people who know you.
- EligibilityAfter six months of saving, as a member in good standing.
- How muchUp to three times your stake in the society — your naira savings plus shares.
- GuarantorsTwo fellow members, who pledge part of their own stake.
- TermsA fixed schedule you see before you accept. Pay early whenever you like.
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Comparison rates are illustrative of the Nigerian market. Blueapril's rate is set by the cooperative and may vary by product.
At year end, members decide.
The treasurer closes the books and proposes how to share the year’s surplus; members vote on it at the annual general meeting. Some is set aside by law as a reserve. The rest can be shared three ways:
On shares
A dividend on the share capital each member held through the year.
On savings
A bonus in proportion to each member’s average naira savings.
On loan interest
A patronage refund to the members whose interest earned the surplus.
The surplus depends on what the society earns and spends each year. It can be small, and there may be none. Nothing is promised or guaranteed.
Discipline built into the system.
Double-entry books
Every naira and cent is recorded twice, and the books always balance.
Four eyes on large payments
A second officer approves any large withdrawal.
A trail that can’t be edited
Every officer action is logged, and the log can’t be rewritten.
You pay only your own costs
Members pay their own transaction fees, so no one subsidises anyone else.
Build the future with people like you.
Save in naira and dollars, borrow for less, share in what the society earns — and help shape what we build next.