ABOUT US

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We are a limited liability and multipurpose co-operative society established with the aim of coordinating likeminded young professionals and entrepreneurs in organizing a pool of private funds to serve as a reliable source of credit and investment opportunities, towards which members can look as an organized, reliable and more affordable means of achieving both personal and socio-economic development.

Our targets are people with whom we share common values and ideologies; those who are young professionals, aspiring, striving or thriving entrepreneurs, to meet their personal, economic, social and academic aspirations through a jointly owned enterprise; Cowries (Multipurpose) Co-operative Limited (“Cowries Coop”). Cowries Coop is licensed and regulated by the Lagos State Government under the Cooperative Societies Act (2013) as amended.

Cowries Multipurpose Cooperative. Cowries Multipurpose Cooperative (CMC) is registered with, certified and regulated by the Lagos State Government. Through joint effort and network membership, we want to demystify the gruesome challenge of funding for those who genuinely have entrepreneurial vision and are willing to make a bold step towards the seemingly distant future.

Our philosophy is simple; there is awesome power and amazing possibilities in collaborative efforts. We believe people can achieve much more together than individually, entrepreneurs and SME owners can achieve their dreams with or without the exorbitant traditional bank loans. We are convinced that there is a post modern approach to thrift and credit cooperation; we can develop our individual abilities while we grow our collective opportunities and strengthen our economy.

We believe that young professionals deserve to invest their skills and energy in their own future rather than scrambling for scarce opportunities with big multinational corporations. Young people can create chain of employment opportunities; rather than look for one, they should come together, save, share, lend and invest together to form a formidable frontage for their individual and collective success.

Our vision

To be the premier cooperative society in Nigeria and the most transformed community of Africans around the globe.

Our mission

Through the provision of exceptional services, delivering unparalleled financial and socio-economic values and diligently pursuing the tenets of cooperation; we shall mentally empower our members, expound their economic means and influence their financial choices in the fight against poverty and mediocrity for the continuous improvement of individuals and ultimate transformation the society as a whole.

Our Objectives

• To be a successful community of thrift and credit professionals

• To nurture ethical leaders and transform to a society of responsible professionals.

• To respond to our members needs and appropriate our profits amongst them.

• To inspire others through savings, continuous learning & personal development, investment orientation and cooperation.

• To co-operate with other individuals and societies

• To support government initiatives and explore opportunities for members.

Action Plans:

• Upgrading the quality, professional conduct, productivity and financial exposure of members through regular entrepreneurial trainings/seminars and workshops.

• Providing credit to members, encouraging and empowering them to own their own businesses and be self reliant.

• Creating employment opportunities through the provision of practical business and entrepreneurial skills for members.

• Making investments in business ventures, stocks or real estate and other properties which will generate returns that could be shared as dividends to members periodically, or saved for further investment depending on any surplus that accrues to the fund.

• Make substantial contribution to the commercial growth and development of the country by undertaking business ventures and small scale enterprise financing

• To do such other things or provide such facilities or services as may be necessary, incidental or conducive to the attainment of the afore-mentioned objects.