COOPERATIVE MULTIPURPOSE SOCIETY LIMITED
Flourish & Victory Ventures was registered in September 12 2005 by Victoria Chioma Obilam under Corporate Affairs Commission Abuja-Nigeria with registration number 007863. The company kicked off instantly with Freelance Marketing Services, Hotel Logistics and Global Networking. Our Global Network introduced a Cooperative Society thereby leading to the birth of Victorious Flourish Cooperative Multipurpose Society in 2012.
At the meeting of Board of Director/Staff Members of Flourish & Victory Ventures held at 20A Lateef Salami, Lagos-Nigeria by 9AM on 23rd of July 2012, it was agreed that Flourish & Victory Ventures should register for a Multi-Purpose Cooperative Society in order to operate a proper Cooperative Society, hence Flourish & Victory Ventures gave birth to Victorious Flourish Cooperative Multipurpose Society which was registered on 11th October 2012 with registration number L.S.C.S 13986 and our first meeting was held on the 22nd of December 2012 at Cheers Hotel Ikeja, Lags-Nigeria with 15 members in attendance where Victoria Chioma Obilam was elected as the President of the Cooperative.
We are a multipurpose cooperative society established to coordinate professionals and entrepreneurs in organizing a pool of private funds to serve as a reliable source of credit and investment opportunities, which members can look towards as a convenient and more affordable means of personal and entrepreneurial development.
Our targets are people with whom we share common bond; those who are professionals, aspiring, striving or thriving entrepreneurs, to meet their personal, economic, social, cultural and academic aspirations through a jointly owned enterprise; Victorious Flourish Cooperative Multipurpose Society Limited
Victorious Flourish Cooperative Multipurpose Society Limited registered with, certified and regulated by the Lagos State Government with the Registration number L.S.C.S 13986. Through joint effort and network membership, we want to demystify the gruesome challenge of funding for those who genuinely have entrepreneurial vision and are willing to make a bold step towards the seemingly distant future.
Our Philosophy is simple; there is awesome power and amazing possibilities in collaborative efforts. We believe people can achieve much more together than individually, entrepreneurs and SME owners can achieve their dreams with or without the exorbitant traditional bank loans. We are convinced that there is a post modern approach to thrift and credit cooperation; we can develop our individual abilities while we grow our collective opportunities and strengthen our individual economy.
Victorious Flourish Cooperative Multipurpose Society Limited has the objective to promote economic empowerment and welfare interest of its members by providing investment in real estate as well as exchange of business ideas with the ultimate aim of empowering its members.
Every organization that must endure over time has a set of core principles it regards as key to its survival and existence. These principles are known as core values and they avail our organization with the ability to remain consistent over time and in the face of challenges. They under gird our culture and belief system and serve as the basis for our brand promises
• Trust in God
• Security of funds
• Efficiency, enthusiasm & excellence
|Vision and Mission|
To be a one-stop co-operative society in the real estate business/ investment in Nigeria and beyond through the provision of exceptional services, delivering unparalleled value and positively empowering our members and stakeholders in wealth creation.
To increase the capital and wealth of every Cooperative Member and be a reference point for entrepreneurial aspirations and achievement.
As an investment based co-operative society, our objectives are:
- empower the members;
- grow their wealth;
- deliver superior returns to all stakeholders;
- providing facilities for deposits and savings by members;
- enabling members to obtain loans for necessary purposes at reasonable interest;
- investment in capital market and money market investment including FGN Bonds and Crypto Currency
- investment in Real Estate and also entering into Joint Venture arrangements;
- raising funds by issuing shares and contracting loans;
- pooling resources together or otherwise collaborate to engage in ventures and projects of mutual benefit;
- Taking other measures designed to encourage in members the spirit and practice of thrift, mutual help and self-help.
Victorious Flourish Cooperative Multipurpose Society Limited – Membership
Type of membership
• Savings Members: minimum savings of N50,000.00 (you can make it up in 3 instalments)
• Ordinary members: Minimum shares subscription of 100,000 units of N1 share @ N1.00 per share
CO-OPERATIVE SHARES ARE NOT QUOTED ON THE STOCK EXCHANGE AND CANNOT BE TRADED LIKE OTHER SECURITIES. ONLY PEOPLE WHO SUBSCRIBE TO AND ARE WILLING TO ABIDE BY CO-OPERATIVE MOVEMENT REGULATIONS ARE ENCOURAGED TO INVEST. PLEASE BE ADVISED ACCORDINGLY
What are the benefits of being a member?
• The opportunity to save in a secured environment.
How do you become a member?
• Must be above 18 years and productively engaged in a legitimate business/work
Application for membership
Victorious Flourish Cooperative Multipurpose Society Limited welcome applications from customers who share our values, live in Nigeria or outside Nigeria and who are aged 18 years or over. As a member you are required to hold and retain shares in “Victorious Flourish Cooperative Multipurpose Society Limited” as either an ordinary member or preferential members. We reserve the right to refuse any application for membership.
Victorious Flourish Cooperative Multipurpose Society Limited – Data Protection
Products and Services
These includes the following:
- Regular Savings Account (Thrift )
- Home Savings Account
- Personal and Business Loan (Credit )
- Equipment and Leasing
- Rent Finance
- Payday Loan/ Salary Advance
- Contract, Supply and LPO Finance
- Bulk Purchase
- Quick Pay
- Quarterly Training and Development
- Financial Advisory
- Banking and Money Transfer
- Unsecured Loan