Lashone Cooperative · Membership
Join the cooperative
Who can join, how to join, and your rights and duties as a member.
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.
Key rules
At a glance
- Who can join
- Aged 18 or over, with a steady income.
- Registration
- From ₦5,000, paid only into the official account.
- Valid photo ID
- International passport, driver's licence, national ID (NIN) card or voter's card.
- Monthly savings
- From ₦5,000 a month.
- Meetings
- Four general meetings a year, on Sundays.
Lashone Cooperative is open to adults who share its aims and agree to follow its bye-laws. Every member is an owner, with a say in how the cooperative is run.
How to join
Get the form
Ask us for the membership form and the bye-laws.
Complete it
Fill it in with your details and next of kin, attach a valid photo ID, and pay the ₦5,000 form fee.
Start saving
Once accepted, begin your regular savings.
The cooperative's bye-laws set the exact rules. Read the membership terms.
Why us
Done with care
Vote
One voice in decisions at the annual general meeting.
Records
A record of your savings and any loan.
Duties
Save regularly, repay on time and follow the bye-laws.
Questions
About membership
Can I leave the cooperative?
Yes. Leaving, and the return of your savings, follow the notice periods and conditions in the bye-laws.
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Lashone Cooperative
+234 806 217 6383 · cooperative@lashone.com
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