This account is opened and managed by the executive officers of appointed/voted by the Cooperative/Association. They must be either of the following;
- Long standing homogenous group.
- Members who have something in common.
- The same sex; live in the same community.
- The same age group; the same product line.
- Trading in the same market or locality.
- Eligible to open Savings and or Current account to be run by the Association’s Representatives.
- Open account with a minimum of N5,000.00.
- Can qualify for loans (Cross Guarantee Bond for loans).
Documentation Requirement:
2 recent passport photographs for each of the signatories, Utility Bill within the last 3 months (Utility Bills, House Rent receipts) of where the meeting is being held, acceptable ID card (National ID, Voters Card, TIN card, International Passport, Driver’s License, Can beidentified by a valid ID card holder for each the signatory (attached the Photocopy-verify the ID card holder), the constitution/bye law of the Association, registered certificate of the Association.