REICO Multipurpose Cooperative Society Ltd is a real estate investment cooperative registered as an independent member-owned cooperative society founded to engage in real estate investment, wealth creation, and business financing.
REICO Multipurpose Cooperative Society is a registered Money Lending Company established to enhance and promote small & medium scale business owners as well as low income earners in Nigeria. We strive to build a strong and viable co-operative, unified by a common aspiration to promote co-operative principles through “Co-operative Spirit” and unity we hope to achieve self-help, self-reliance and Economic strength for our members.
REICO Multipurpose Cooperative Society can be considered as a business entity with a social purpose. It is regulated through the Co-operative Societies Act. We are a membership organization advancing the economic interests of its members and encouraging thrift and lifestyle changes, together lending to a more progressive community.
Our objective is to finance:
Real Estate such as rent, land & house purchase, property purchase
Businesses especially Small and Medium Scale Enterprises (SME).
Individuals in the working space both private and public for their intermediary funds (Salary Advance)
Contractors’ blue chips Local Purchasing Order (LPO Finance),
Business Assets (Assets Lease)
Empowering Nigerian Women engaging in Trading (Retail Lending)
Our Vision
To be the most preferred Pan – African Foremost Real Estate Service cooperative Provider
Our Mission
Creating a community to includes all and enhances participation in the real estate industry to provide solutions to its perennial problems.
Our Core Values
- Self-Development
- Dedication
- Transparency
- Profitability
- Proficiency
- Equity
- Teamwork
DISCOVER
Our Services
OGBONGE LANDLORD SAVINGS
This is where a client saves for a period of time to have his rent paid or have a house or property purchased for him individually or as a group purchase.
OGBONGE RENT
There are greater differences between saving without a purpose and saving for rent, land, property. Ogbonge Rent offers its clients access to loan to finance their rent.
Savings
A simple fact that is hard to learn is that the time to save money is when you have some. REICO daily savings is open to everyone who wants to save cash from the comfort of their location or business, without the stress of going to the bank.
A simple fact that is hard to learn is that the time to save money is when you have some. REICO weekly savings is open to everyone who wants to save cash from the comfort of their location or business, without the stress of going to the bank.
A simple fact that is hard to learn is that the time to save money is when you have some. REICO daily savings is open to everyone who wants to save cash from the comfort of their location or business, without the stress of going to the bank.
This is a specific saving for a kid’s school fees or particular reasons (saving for the future of the kid)
REICO Target savings is open to all who want to save cash
for a specific purpose (vacation, rent, assets, etc.) over a period of time
Loans
Conveniently grow your business activities and increase your business turnover with the aid of our business loan targeted at registered Business Owners. REICO Multipurpose Cooperative Society LTD a variety of products customized to meet the business needs of Micro, Small & Medium Enterprises (MSME). It is a funding arrangement available mainly for business medium on the ground that it gives clients access to loan to support their trade/businesses over a predetermined period.
Features
– Competitive interest rate
– Flexible collateral.
– Repayment is structured for every 30 days
– Business turnover determines the loan amount
– Tenor is within 180 days
REICO Asset to Cash Loan is the practice of giving cash loans to High Network Individuals (HNIs) at a high level of interest over a short period of time. It is the fastest and easiest way to access funds to meet all your financial goals. Using your vehicle or jewelry as an asset against the loan can afford you unrestricted opportunities. It also eliminates long approval time giving you access to those funds in less than 24 hours. This loan type is transparent and flexible.
REICO Salary Loan is a distinct credit loan intended for salary earners and client’s underpaid employment. It gives forthright access to funds even before payday with the goal that clients can deal their obligation well ahead of salary date. This loan type is affordable and repayment is spread over the period of the loan tenor on a reducing balance against payday, such that clients effortlessly meet their obligation as at when due. Fulfill your dreams with our Salary Advance
Features
– The net salary determines the loan amount to be availed.
– Competitive interest rate.
– Seamless service delivery.
– Convenience in repayment
– Flexible tenor
REICO OGBONGE SAVING AND LANDLORD LOAN is an avenue of ensuring our clients enjoy our loan services.
INVESTMENT- FIXED DEPOSIT
There is a gigantic difference between earning a great deal of money and being rich. The REICO Fixed Deposit is an instrument by which investors save money over a long period of time. With REICO FIXED DEPOSIT, there is an agreement to pay investors interest within a specific period of time in instalments or upon maturity of the investment tenor. REICO offers a higher interest than the earning plan until the given maturity date.
Join Our Team
Working at REICO provides opportunities for personal growth and development as well as professional advancement. We provide the best non-bank microfinance financial services. With an emphasis on expanding SME sector, we continue to strive for growth and excellence.
Joining the REICO team is an exciting opportunity where change is something we embrace. We are always looking to position our clients’ in a place of strength. To do this, we must perceive the challenges even before they do.
If working for a dynamic organization that embraces change and facing tomorrow’s challenges today sounds like something you would enjoy, we encourage you to submit your resume to reicos1stnigerian@gmail.com and work experience today for any of our positions of interest.
We understand fully that for us to succeed as an organization, our employee’s must find success in all they do including at work as well as in their personal lives.
Contact Us
Head office:
Plot 12, Idris Gidado Street, Suite C1 Innovation Plaza, Wuye, near Shafa Filing station (close to Fatima Plaza & Christ Embassy Wuye)
Branch Offices:
🏛️ Zeegrid shop Mopol Kubwa Market, Dutse Abuja
🏛️ Shop 32 Banex Plaza, Wuse 2, Abuja
🏛️ UTC, Shop 324, Area 10, Shopping Complex, Abuja
🕘 MON-FRI: 09:00 - 17:00, SAT-SUN: CLOSED
FAQs
You must be a businessman or woman with good financial records, a salary earner, and a contractor with an NGO or government Agency. You must be 20 years and above.
There are two (2) ways you can apply for a loan
- Come to our office to be attended to
- Call our contact line for an account officer
Yes, the minimum is N50,000 while the maximum is dependent on the borrower’s financial capability.
No! Unless on exceptional cases permitted by the management.
It means debt to income ratio; it enables us to accept or decline the loan.