To become a member, register through our official platform and meet the eligibility criteria. Membership grants access to savings, loans, and agribusiness support.
FAQ
Membership & Services FAQ
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How can I become a member of the Cooperative?
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What is the Integrated Farming Project?It’s a strategic initiative that allows members to invest in farming operations through share subscriptions, earning dividends and gaining access to farming resources.
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How do I take a loan?Members can borrow up to twice their savings amount. Loans are structured with flexible repayment plans and require proof of repayment capacity.
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Can I monitor my investment and transactions?Yes, members have access to a secure portal to track savings, loans, share subscriptions, and agribusiness investments.
Finance & Support FAQ
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What is Target Savings?Target Savings allows members to save toward specific goals like agribusiness startup or expansion, with attractive returns and minimal withdrawal until tenure ends.
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What is Monthly Contribution?It’s a continuous savings plan offering up to 20% annual dividend and access to 200% loan value. Contributions are secure and flexible over time.
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What support do I get for agribusiness?Members receive subsidized access to farm equipment, seedlings, livestock, storage, processing facilities, and mentorship to grow their agribusiness.
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How do share subscriptions work?Members can invest in the farming project by subscribing to shares at ₦500 per unit (minimum 200 units). Flexible payment options and dividends apply.
Service area
Empowering Agriculture,
Creating Wealth.
More Services
Bulk Purchase
RMF R19 Multi-purpose cooperative Society will in the nearest future, operate a ‘members-only’ warehouse offering daily need products at discounted rates exclusively for members, freeing up funds for savings.
Equipment and Lease Finance
Members can access loans to buy or lease equipment and tools with only a 50% initial down payment, spread over two years with shared comprehensive insurance.
Local Purchase Order (LPO) or Project Finance
The cooperative finances Local Purchase Orders and agribusiness project execution on behalf of members at fair rates with a maximum tenor of three months.
Monthly Contribution
This is a continuous savings plan that offers up to 20% dividend + bonus annually and gives access to a 200% personal or business loan. Contributions are secured at RMF R19 Multi-purpose Cooperative Society for as many years as desired.
Target Savings
RMF R19 Multi-purpose Cooperative Society encourages members to save towards their goals and offers good returns during and after saving. Members can save towards growth of their agribusiness or start-up of their agribusiness dream. It is advisable not to withdraw from the savings account until the end of the tenure unless in rare cases.
Loans & Financial Support
Members can secure loans by becoming a member of the cooperative. They can borrow up to 2 times the amount they have saved, with structured repayment plans based on workable means of paying back the loans and guaranteed capacity to pay. These loan packages aim to support members in achieving their agribusiness financial goals while fostering collaboration and wealth creation within the cooperative society.
Access to Farming Resources
Members benefit from subsidized agricultural services, including: Farm Equipment & Machinery (e.g., tractors, storage facilities). High-Quality Seedlings & Livestock. Storage & Processing Facilities.
Agricultural Support & Mentorships
We provide hands-on training, mentorship, and technical support for members in various agribusiness fields.
Ownership Through Share Subscription
Every member has the opportunity to invest and own a part of the farming project by subscribing to shares. ₦500 per share (minimum 200 units = ₦100,000). Flexible payment options available. Earn dividends on your investment.
These loans help members grow their agribusiness and build shared wealth.
The primary focus of RMF R19 MULTIPURPOSE COOPERATIVE SOCIETY LIMITED is to operate agribusinesses to make profits and provide strategic alliance for Corporate Social Responsibility (CSR) and provide financial services that promote financial inclusion and empowerment within its community. By offering savings accounts, members can securely deposit their funds and earn interest over time. Additionally, the cooperative provides access to loans for members who may need financial assistance for agribusiness purposes. These loans are typically offered at competitive rates and with flexible repayment terms.
Testimonial
