Coorperative
Arm
VEE MULTILINK MULTIPURPOSE COOPERATIVE SOCIETY LIMITED is the cooperative arm of VEE MULTILINK ENTERPRISE registered with the Ministry of Commerce, Industry and Cooperative in the Southern Part of Nigeria with like-minded members. The Cooperative is guided by the bye laws of the Cooperative.
Our Savings Model
Below are the different savings categories that could make you a beneficiary of our profit share:
– 3 MONTHS SAVINGS: This is a category where a registered member can save for a three (3) month period and receive interest from his savings on a monthly basis for the 3 months. The monthly interest is 15%.
The Minimun Savings in this category is N100,000.
Note that in this category, a member can request refunds of Capital after the expiration of the 3 months. A member can decide to do a rollover by choosing the same 3 months category or another savings category depending on his/her choice.
– 6 MONTHS SAVINGS: This is a category where a registered member can save for a six (6) month period and receive interest from his savings on amonthly basis for the 6 months. The monthly interest is 15%.
The Minimun Savings in this category is N100,000. Note that in this category, a member can request refunds of Capital after the expiration of the 6 months. A member can decide to do a rollover by choosing the same 6 months category or another savings category depending on his/her choice.
-1 YEAR SAVINGS: This is a category where a registered member can save for a One (1) year period and receive interest from his savings on a monthly basis for 1 year. The monthly interest is 15%. The Minimun Savings in this category is N50,000. Note that in this category, a member can request refunds of Capital after the expiration of the 1 year. A member can decide to do a rollover by choosing the same 1 year category or another savings category depending on his/her choice.
– STUDENT INVESTMENT SAVINGS: This category is for higher institution students that are having the prospect to start a business after their studies. It is a fixed or regular savings that will not be withdrawn untill the expiration of the fixed time. A monthly interest of 4% is added to the capital and calculated based on the available capital as at the time. There is no minimum savings in this category. Savings can be done anytime as deemed fit by the member.
NOTE:
Only registered members are qualified to save with the cooperative.