FINANCIAL SERVICES
Arivest Cooperative and Multipurpose Society stands as a prominent financial services organization with comprehensive banking capabilities. Established in 2020, we have rapidly evolved into one of Nigeria’s foremost cooperative societies in terms of assets and revenue, dedicated to meeting the diverse needs of our members. Our extensive suite of services encompasses savings and loan products, investment and wealth management solutions, as well as advisory services.
SAVING ACCOUNT
Members of the cooperative are afforded the opportunity to engage in banking with us through our savings account, which currently offers a variety of annual investment returns based on the amount of funds deposited. These returns are subject to periodic review in accordance with prevailing economic and market conditions. Members can conveniently download application forms online for processing by our banking division.
Our Savings Account product provides members with competitive interest rates and allows for a minimum permissible investment, as well as access to various loan options, including Ordinary Loan, Special Loan, and Project Loan. Our objective is to deliver products that cater to our members’ needs, ensuring that we remain their preferred choice for savings.
COOPERATIVE INVESTMENT SCHEME
Enjoy substantial returns on your investments by choosing our services. Our Investment Scheme (IS) facilitates fixed deposits for predetermined periods, where customers can earn returns at favorable interest rates. We take pride in our capacity to present our members with higher investment returns, which strengthens the cooperative spirit of collaboration in business. Forms are available for download, or you may contact your relationship manager for assistance.
LOANS
The loan products offered by the co-operatives are categorized into four significant types, which include:
This is the standard loan that members can access after making financial contributions for a period of six months. The loan duration is 36 months.
Members can apply for this loan after they have commenced servicing the Ordinary Loan. The duration for this loan is 12 months.
To qualify for a project loan, a member must have contributed for a minimum of 60 months. Additionally, the member must be servicing both the ordinary and special loans to be eligible for this loan.
To qualify for a project loan, a member must have contributed for a minimum of 60 months. Additionally, the member must be servicing both the ordinary and special loans to be eligible for this loan.