Kosol FAQ

YES, New KOSOL Cooperative Society is open to any person who is interested in helping himself as well as helping the group to achieve its aim and willing to abide by the rules of the group.

Membership can be any natural person, who is over the age of 18 years, and must be able to pay registration fee as well as the subscription fee but must send an application to the Board

NEW KOSOL Cooperative Society has its office at No 5 ASACS Road, Beside First Bank Bwari FCT Abuja.

YES, our Telephone numbers are open 24/7 to all inquiries, either by voice calls, text messages, WhatsApp or both: Tel: 07085201697 / 08028713122

Yes you can reach/contact us through some of our social media (www.facebook.com/newkosol or Skype: newkosol or follow us at instagram/twitter  @ NewKOSOL or mail us through our email address info@kosolng.com or welfare@kosolng.com or cooperative@kosolng.com )

All register members will benefit at the end of year, food stuffs dividend harvest, in some cases cash equivalent (not encouraged) and special Gift to best contributor/participants

Membership runs from January to November of that year subject to renewal at members’ decision the following year, and before 15th December of the same year all subscription fees will be return to all active members, then interest will be used to buy foods stuffs and share among members.

YES, but Any member that wishes to withdraw from the Cooperative must give two weeks’ notice to the management and in that case his/her total contribution will be refunded without any interest.

Yes, but you have to wait until the end of financial year and the cooperative management must approved.

YES but Associate members can only access/borrow funds through a full member.

YES for register members but Associate members can only access/borrow funds through a full member, but all Loan/funding of businesses are subject to application/availability of funds.

Yes, the cooperative always identify with all its members when member are celebrating, and also you can access short term soft loan payable with interest.

Failure to contribute for any two month automatically terminate your membership, your contribution as at the time of your default will be refund to you without any benefits.

You are at will to contribute up front.

The minimum is five thousand naira (₦5,000.00) with two hundred naira ( ₦200.00) monthly administrative charges, but no maximum amount because what ever you contribute is for your self.