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(opens in a new tab)Plugs and Villages Cooperative Multipurpose Society Limited
(opens in a new tab) Back (opens in a new tab)Plugs and Villages Cooperative Multipurpose Society Limited
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Go to Website (opens in a new tab)About Plugs and Villages Cooperative Multipurpose Society Limited
Plugs and Villages Cooperative Multipurpose Society Limited is a Nigerian digital cooperative society and credit platform that provides loans, savings opportunities, and investment-based financial services to its members. It operates as a member-owned cooperative, meaning users must first join and contribute shares before accessing financial products. The cooperative focuses mainly on professionals in Nigeria’s technology and business ecosystem, helping individuals and companies bridge cash flow gaps, access credit, and participate in structured savings and investment programs. It is regulated under Nigeria’s cooperative framework and operates with a digital-first model for membership, lending, and account management.
Amount
₦100,000 - ₦10,000,000
Tenor
1 - 6 months
Min. approval time
24 hrs
Countries
Created on
May 2026
Last updated
May 2026
Requirements
The basic requirements to apply for a loan on Plugs and Villages Cooperative Multipurpose Society Limited include:
- • Membership Registration: Users must join the cooperative and purchase shares before accessing services.
- • Minimum Shareholding: Individuals: Minimum 1,000 shares and Businesses: Minimum 10,000 shares
- • Valid ID: National ID, voter’s card, driver’s license, or passport.
- • BVN: Required for identity verification and financial assessment.
- • Bank Account: Needed for loan disbursement and repayments.
- • Debit Card: May be required for verification and payment setup.
- • Phone Number: Active mobile number for communication and account access.
- • Savings Commitment: Members must maintain regular contributions over a minimum period (often 6 months).
How to Apply
To apply for a loan with Plugs and Villages Cooperative Multipurpose Society Limited, visit the lender's website and click on "Get Started." If you meet the eligibility criteria and agree with the terms, complete and submit the online application form.
This lender claims it can approve applications on the same day they are submitted and disburse funds within 24 to 72 hrs.
Contact
Support Number
+234 703 822 5740
Website
