- Collaborative
- Sharing
Join us, together we can forge a community where innovation thrives, sustainability flourishes, and everyone has a stake in the abundance we create.
Save
Compulsory savings assure 8% annual return for every member.
Investment
Members can invest for 25% ROI in cooperative real estate projects.
Access Loan
Unlock potential: Loans double your collective purse contributions.
Who We Are
The Edge (Lagos Island) Cooperative Multipurpose Society Limited was registered by the Director of Co-operative Services Lagos State on the 29th Day of November 2019 in accordance with Section 6 of the Co-operative Societies Law Chapter 14 of the Laws of Lagos State of Nigeria 2015, with Registration Number LSCS17060.
The Society is founded on the principles of collaborative/sharing economy. We aim to leverage on the power of collaboration to pool resources, ideas, and expertise for wealth creation and profitability…
FAQs
The Society is founded on the principles of collaborative/sharing economy which aims to leverage on the power of collaboration to pool resources, ideas, and expertise for wealth creation and profitability. With monthly contributions into a collective purse, the Society strategically invests in real estate assets and ventures that will guarantee competitive returns for all members.
- Members are guaranteed 8% per annum return on their monthly savings.
- Members have the opportunity to acquire loan from the Cooperative.
- Members can invest in any real estate project of the co-operative society to get a 25% return on investment after 18 months.
- Members have access to financial education/guidance to support wealth building.
Firstly, you register through the form online and make payment for your membership fee and first monthly contribution. Every member, on admission and payment of the appropriate entrance fees, shall sign the membership acknowledgment form as evidence of membership.
Yes, as long as you've attained the age of eighteen (18) years.
The cooperative operates through a collaborative economy where all member regards each other members as their partners, ensuring that everyone is making progress in his/her career or business.
A member can either withdraw their money from the cooperative during their harvest date or request for withdrawal of membership after giving a minimum of 30 calendar days’ notice to the society.
This is the agreed date at which a member receives all their savings or investment and interest which is mostly likely after 12-18 months.
Yes, you can.
Withdrawal/Resignation of a member by one Month’s Notice conveyed in writing to the Management Committee and the withdrawing member is neither indebted to the Society nor surety for any unpaid debt.
For withdrawal of membership, members are required to give a minimum of 30 calendar days’ notice to the society before the member's account can be reviewed and his/her money can be sent into their personal bank account.
Yes, you can. However, there are certain qualifications required to become a member of the committee and some of them are:
- He / She must be an active member of the Society.
- He/she must be a person of proven integrity, unquestionable character, and possess good interpersonal skills.
- He/ she must be a member of the Society for at least two (2) consecutive years.
- He/she must have been nominated by at least 4 active members of the Society.
Kindly go through our By-laws for further inquiries.