About Us
MOLETE (IB) BEST CHOICE MULTIPURPOSE COOPERATIVE SOCIETY LIMITED is a non-profit making association with the main objective of rendering financial assistance and other welfare package for members of First Registrars and Investor Services and First Bank for Africa Plc staff. The Cooperatives certificate of registration is dated month 01, 1909. It has been registered for about 0 years ago and also a major shareholder of Oyo State Cooperative Federation and Oyo State Cooperative Finance and Investment Society.
Members
We have Over 700 Active Members
Membership is open to all members of staff of First Bank Plc group world wides.
Savings
A Contribution/savings is a cooperative financial organization owned and operated by and for its members, for the purpose of encouraging savings, using pooled funds to extend loans to members at reasonable rates of interest and providing retailed financial services to enable members improve their economic and social well-being. Saving and credit cooperatives are recognized by law and the cooperative society’s regulations.
Loans
MOLETE (IB) BEST CHOICE MULTIPURPOSE COOPERATIVE SOCIETY LIMITED is committed to providing the right lending solutions/Loan Package to our Member so that we can assist in helping Members achieve their dreams.
Pioneer Cooperatives has over the years:
Consistently paid Dividend to members as approved by the Ministry and presented at the Annual General Meeting/Ordinary General Meeting based on contribution balance’ as at the end of year. Members who withdrew their membership from the MOLETE (IB) BEST CHOICE MULTIPURPOSE COOPERATIVE SOCIETY LIMITED will not be paid.
Operates consumer shop in Lagos where members can buy provisions in cash or on credit and pay later against salary.
Have been granting soft loan facilities to its qualified members on monthly basis
Have sponsored many members to acquire shops and building properties
Helped members to achieve their future dreams of business establishments over the years
Emergency Loan for Medical issues with less interest rate were also granted
Have used its strength to negotiate and bid competitively for members to acquire house appliances and other properties
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Automation of processes and administration is at advance stage with secured website, membership log on, and member’s email address Is growing every year with a lot of enriching services to render for its members.