Nigeria’s first digital e-cooperative society – Cloud Cooperative, an online platform offering Nigerians flexible, secured and smart money services, including loans; has officially launched in Lagos, following its pre-launch in August 2021.
With over 100 subscribers after its pre-launch in August, the company has experienced significant growth with members of its society accessing services on its official website cloudcooperative.com.ng.
Speaking during the launch witnessed by members of the industry, Cloud Cooperative founder and CEO, Oluwaseun Bamiro, said that Cloud Cooperative’s start-up initiative arose during the COVID 19 pandemic, out of the need to create an online version of the mainstream cooperative.
Noting that his investment of more than $10,000 and his efforts to purchase the app in the United States (US) for the e-cooperative platform, led to the company’s success.
However, the company’s aim is providing its members with awesome benefits alongside 24/7 Customer Support and standardized member detail security.
Also, allowing its customers access up to 200% of their savings as loans, and dividends at the end of every financial year with opportunities to buy their data, cable TV subscriptions, electricity bills, and others on the cooperative’s mobile and web applications.
At Cloud Cooperative, members have access to quick loans after consecutively saving for six months. Thus, enabling an easy way out of the long processes that come with access loan facilities.
Invariably, the need to expand the frontiers of meeting the increasingly urgent needs of the country has led to the emergence of many investment innovations.
Apart from savings, cooperative societies have been made famous by their ability to supplement and support member capacities and are fast tracking the investment building process for many families and organizations.
Despite their popularity, many still undoubtedly fail due to changing economic conditions that may be as a result of shifts from market growth to competitive environments, often as a result of technological and regulatory change, or as a natural consequence of market contraction and customer liberalization.
Cloud Cooperative however, is creating a secure space with the adoption of it’s high insurance database to enable the constant fastrack of it’s rising customer market.
Thus, thriving to inspire other business startups as well as eradicating poverty through its scheme.
Cloud Cooperative is open to people in all parts of the world.