Lashone Cooperative · Relaunching soon
Your access to affordable homes.
We are relaunching our registered, member-owned housing cooperative, where members save together, support one another and become homeowners and landowners. Register from ₦5,000 and be among the first members.
- Saved each month
From ₦5,000
Saved each month
- Savings and loans
Members only
Savings and loans
- Cooperative society
Registered
Cooperative society
- Run under its bye-laws
Member-owned
Run under its bye-laws
Important: Lashone Cooperative is a registered cooperative society, not a bank. It accepts savings from its members only and lends to its members only. Savings are not insured by the NDIC and earn no guaranteed return. Membership, savings, withdrawals and loans follow the cooperative's bye-laws.
Who we are
Stronger together
Housing is capital-intensive, but a little drop of water makes an ocean. Lashone Cooperative, an initiative of Lashone Group, brings people together to pool their savings and reach goals they could not reach alone: land, a home, a business or a family need.
Members save as little as ₦5,000 a month, at their own pace. The cooperative is registered as Lashone Links Housing Co-operative Multipurpose Society Limited, owned by its members and run under its bye-laws, and lends only to its members.
Our vision
A community of members who build security and own homes by saving and supporting one another.
Our mission
To help members save regularly, borrow fairly and reach goals such as land, a home or a business, through a transparent cooperative that its members own and control.
How it works
Four simple steps
- Step 1
Join
Fill in the membership form and meet the requirements in the bye-laws.
- Step 2
Save
Save regularly, from ₦5,000 a month, and get a record of every payment.
- Step 3
Borrow if you need to
Apply for a member loan, guaranteed in writing by a fellow member.
- Step 4
Have your say
Vote at the annual general meeting and help run your cooperative.
What we offer
Save, borrow and own
Savings
Regular savings from ₦5,000 a month, with a record of every payment.
Learn more
Member loans
Members can borrow for business, housing, school fees and emergencies, with a fellow member as guarantor.
Learn more
Housing
The cooperative provides land, helps members build, and helps them join forces to access mortgage financing.
Learn more
Membership
Who can join, how to join, and your rights and duties as a member.
Learn more
Savings calculator
See how your savings add up
This shows only what you put in. It includes no interest or returns, because none are promised.
You will have saved
₦60,000
Your own contributions only: ₦5,000 × 12 months. No interest, dividend or return is included or promised.
Who it is for
For anyone who wants to save
Workers and salary earners
Put a fixed amount aside every month before it is spent.
Traders and business owners
Build savings steadily and access member loans to grow your business.
Families and first-time buyers
Save towards your own plot or home, one month at a time.
Our members
What members say
Saving every month with the cooperative helped me finish paying for my plot. Seeing my records each time kept me going.
Sample member · Member, Lagos
Sample: real customer comment coming soon
A member loan helped me restock my shop. My guarantor and I knew exactly what we had agreed to.
Sample member · Trader, Ogun State
Sample: real customer comment coming soon
Be among the first members
We are relaunching the cooperative. Register your interest and we will send you the membership form and bye-laws as soon as membership opens.
Questions
Frequently asked questions
Is the cooperative open now?
We are relaunching the cooperative. Register your interest now and we will contact you, with the membership form and bye-laws, as soon as membership opens. Please do not pay anything until then.
Who can join?
Anyone aged 18 or over with a steady income who wants to own land or a home and agrees to follow the bye-laws.
How often do members meet?
Only four times a year, for about two hours on a Sunday afternoon.
How much do I need to start?
The membership form costs ₦5,000, and you can then save from ₦5,000 a month. You need a valid photo ID, such as an international passport, driver's licence, national ID (NIN) card or voter's card.
Will my savings earn interest or a fixed return?
No return is guaranteed. The cooperative is not an investment scheme. Any surplus is dealt with by members at the annual general meeting, as the bye-laws allow.
Can I borrow from the cooperative?
Yes, once you are a member and meet the conditions in the bye-laws. Every loan needs a fellow member to guarantee it in writing.
Is the cooperative the same as the Investment Club?
No. The cooperative is a registered, member-owned savings and loans society. It is completely separate from Lashone Investment Club.
Lashone Cooperative
+234 806 217 6383 · cooperative@lashone.com
Lashone Links Housing Co-operative Multipurpose Society Limited · Registration details to be added