Cloud Cooperative, the first digital cooperative society in Nigeria as a whole, is an e-cooperative society that instills members with the savings culture and grants them access to various kinds of loans with low interest rates.
This e-cooperative society pre-launched on Saturday 21st of August 2021 via a live grand opening that featured on various social media platforms. The dynamic On Air Personality, Mrs Andrea Odu-obi Teke interviewed some key members of the company; the Fonder, Mr Seun Babalola Bamiro, the Operations Lead, Mrs Olajumoke Aladesuyi and Mr Boluwatife Olla, the Lead Tech.
The interview was pivoted at answering questions that cut across the minds of several individuals who wish to be members of the cooperative society. The e-cooperative society promises to bring its members tons of awesome benefits alongside 24/7 Customer Support and standardized security of members’ details. Not only would members be accessible to 200% of their savings as loans, they would earn dividends at the end of every financial year.
According to Seun Bamiro, Cloud Cooperative is just like the traditional cooperative society, the major difference is the fact that it has been digitalized. At Cloud Cooperative, members would have access to quick loans after consecutively saving for six months. That is, members would not have to go through a long process to access loan facilities.
Apart from that, members would be granted opportunity to earn bonuses from every new member they bring to the cooperative society. This cooperative society is like a dream come true for Seun Bamiro as he hopes to inspire business startups and eradicate poverty through this scheme.