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Building financial stability
and bridging the gab between
classes of life

Empowering a global community by fueling their passion towards achieving their dreams

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About Us
Web Mind Initiative Multipurpose
Cooperative society

WEB-MIND INITIATIVE MULTIPURPOSE COOPERATIVE SOCIETY LIMITED has a global initiative with necessary tools to eradicate poverty. Striking a balance within the higher class – middle class – and the Lower class.
We provide special purpose Package (Known as SPP) for our members, this package is to all members acquire items, products and even other form of services they cannot afford on a regular basis.

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What is Web Mind Initiative
Multipurpose (WMI)?

It is an MCS consist of a group of people with a common interest saddled with the responsibility of building a financial stabled community.

Frequently Asked Questions

Registration is very easy, all one needs to do is to pay a sum of ₦ 5,000 into the designated bank account and bring prove of payment to the office for capture, then fill registration for form with 1 passport photograph and an valid Identification Card.

Every financially registered member can access either an Integrity softloan as in the case of non-saving member or a corporate Loan as in the case of a saving member.

Is it possible for a non-financially registered member to get a loan facility?

Yes, but terms and conditions apply

The maximum amount is ₦ 50,000 with 10% interest rate within a period of 5months, then after ₦ 100,000 immediately after the completion of the first payment and confirmation of member’s kyc and AVR.

Integrity softloan requires a registration fee of ₦ 5,000 and bring in 5 other members to register in the cooperative society.

Corporate Loan requires at least 30% savings ( 3 months) within a financial year to access not more than 100% of the amount saved within a financial year at a 5% interest rate within the period of 3 months.

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Our Packages

Integrity softloan

Once a member has registered, he/she is entitled to apply for an integrity softloan, the maximum amount a member can access is ₦ 50,000 to be paid back in a period of 5months with 10% interest rate.

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Corporate Savings

All registered members are encourage to save in the cooperative society, the minimum amount for monthly savings is ₦ 2,000.

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Corporate Loan

Members that have fully registered and are on corporate savings can apply for 100% of their savings within a financial year, after they have saved at least 30% (i.e 3 months) savings, 5% interest rate to be paid in 3months.

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Special Purpose Package

Only registered members are allowed to apply for any special package such as landed property, Housing Scheme, Electronic aopliances, farming equipment, Food items e t.c from the cooperative society.

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Download our Brochure

Testimonials

Hear what are members have to say

  • I was in some distress with my shop rent, then a friend of mine introduced me to Web-Mind Initiative Multipurpose Cooperative Society Limited. Immediately I registered and became a member then I applied for those microcredit loan of #50,000. I was credited the following week, with an interest rate of 10% payable in 3months. Thank to WMI – Kaduna State.

    Grace Augustine

    Fashion Tailoring

  • My name is Ruth, I’m an indigene of Plateau state. I am a petty trader. I and my fellow market women were going through tough times after the Lockdown period. Business was available but our capital was not there to start again. So, we heard about a Cooperative Society that can help us start again with small loan. I told my fellow market women to come along to find out more from the office. As at the leader after following the procedure I got mine that same day but my fellow market women got there’s in 2 Weeks’ time. It helped us very well. God bless WMI – Jos, Plateau state

    Ruth Abba Whiyeh

    Market Woman

  • I am a member of Web-Mind Initiative Multipurpose Cooperative Society Limited. I travel a lot to do business in Portharcout (Oil/Gas) and our business is seasonal and timely, anytime I get stranded with funds I always call on Web-mind Initiative Multipurpose Cooperative Society Limited for loan facilities and I always get with minimal interest rate. – FCT, Abuja

    James Aba Jonah

    Trader

  • My business was really at it’s low, I heard about Web-Mind Initiative Multipurpose Cooperative Society Limited to I decide to visit the office, I actually went to inquire about their loan facilities and how to get it. At first, I pass through certain financial advice and discipline for a period of time before they finally gave me the loan facility, since then my Pop Corn business plume rate and I do barbing as well. God bless WMI.

    Laban Muting Gabriel

    Barber

What is Web Mind Initiative
Multipurpose (WMI)?

It is an MCS consist of a group of people with a common interest saddled with the responsibility of building a financial stabled community.

- President ​
  Mr Jude Akut Bako

Our Mission

Empowering a global community by fueling their passion toward achieving their dreams.

Transparency

WMI Multipurpose Cooperative Society Limited carryout robust financial auditing both quarterly and yearly building transparency and trust

Partnership

WMI Multipurpose Cooperative Society Limited is in partners with a lot of companies in order to help her members achieve financial freedom.

Growth

WMI Multipurpose Cooperative Society Limited is gradually attaining its full capacity in various industries, cutting across various sectors in Nigeria.

Meet our Team
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Mr Jude Akut Bako

President
VP

Mr Bala Wunyi

Vice President
Treasurer

Mrs Rebecca Bako

Treasurer