Coop Loan & Investment Terms
Below are the official terms, benefits, and requirements for participating in the AjoCredit Cooperative loan and investment program.
| Feature | Details |
|---|---|
| Loan Access | Up to ×2 of your Coop saved funds |
| Maximum Loan Offer | ₦10,000,000 |
| Interest Rate | 1.5% monthly |
| Repayment Duration | 10 months |
| Minimum Savings | ₦10,000 monthly (or higher) |
| Savings Safety | Savings remain intact during loan period |
| Dividends | Shared at end of each business year |
| Investment ROI | 16% yearly |
| Minimum Investment | ₦500,000 |
| Membership Fee | ₦20,000 |
| Membership Termination | After 3 years only |
| Investment Duration | 24 months minimum |
| ROI Payment | End of business year |
Loan Access
Up to ×2 of your Coop saved funds
Maximum Loan Offer
₦10,000,000
Interest Rate
1.5% monthly
Repayment Duration
10 months
Minimum Savings
₦10,000 monthly (or higher)
Savings Safety
Savings remain intact during loan period
Dividends
Shared at end of each business year
Investment ROI
16% yearly
Minimum Investment
₦500,000
Membership Fee
₦20,000
Membership Termination
After 3 years only
Investment Duration
24 months minimum
ROI Payment
End of business year
1. Loan Application
Loan application form fee is ₦1,500.
2. Savings Payment
Monthly savings payment date is the 30th of each month (or the last day of February).
Need Help?
Email: support@ajocredit.com.ng
Phone: +234 704 958 9694