Our Mission

Our mission is to empower our members; improving their quality of life by providing the widest possible range of rewarding investments and services.

Vision Statement

Our Vision is to be a leading cooperative in Ekiti state providing financial and economic rewarding services.

Who We Are

The “IFEDACOOP” is an independent association of individuals united voluntarily to meet their common economic and social needs and aspirations through a jointly owned…

Our Theme Song

We are simply in a class of our own.
We do not compete, we dominate.
Go tell your family and friends that the time to join us is NOW.

WELCOME TO IDO (EKITI) IFEDAPO COOPERATIVE MULTIPURPOSE SOCIETY LIMITED  (IFEDACOOP).

It is a body registered and regulated by the Ekiti State Government, under the Ekiti State Ministry of Commerce, Industry, and Cooperatives.

The IDO (EKITI) IFEDAPO COOPERATIVE MULTIPURPOSE SOCIETY LIMITED  was registered on the 5th February, 2016 as an independent association united voluntarily to meet their common economic and social needs and aspirations through a jointly-owned and democratically-controlled enterprise.

In other words, the Co-operative is in business to provide members with the needs of common interest, liaising with the external parties concerned and bringing the products and services to the members at a competitive market rate. Also instead of blindly chasing profits, we take into cognizance the interest of our members first before business actions are taken.

The Cooperative is mutually owned and controlled by members for the sole purpose of helping to realize common social, economic goals and objectives.

The Cooperative was registered on the 5th February, 2016 as an independent association of Ifedapo (Ido-Ekiti) Cooperative Thrift and Investment Society Limited united voluntarily to meet their common economic and social needs and aspirations through a jointly-owned and democratically-controlled enterprise.

The Cooperative is a unique business democratically run by members. Members of the Management Committee are elected by the members and they have a two-year tenure. In turn, the strength and commitment of our membership is vital in helping us achieve our goals. Simply put, the more we are, the more resources we can pool together to achieve whatsoever goal we have set out to achieve. The IFEDACOOP is run on the FUBU principle – For Us By Us. We run our activities the way we want it.

Our Loan Schemes

Saving Schemes

Members Ordinary Contribution, Members Other Contribution and FlexiSave Scheme

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These are some of the contributions for the month by each member which can be paid directly to the Cooperative accounts.

Loans Scheme

The Cooperative has various loan schemes being administered to members of the Society.

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Business Improvement Loan and Consumer Loan are available to members who wish to obtain loan from The Society.

Emergency Loans

This loan ensures that our members are always able to procure what they need, every day is payday!

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All applications are treated on a first-come-first-served basis, subject to a limit to be determined by the Management Committee.

Membership Requirements

New applicants must present a minimum of two acceptable sureties who must be members of the Society.

1. Must be a minimum of 21years of age.

2. Registration fee is N2,000

3. Share Subscription is a minimum of 5000shares at N2.00 per share to make N10,000 subject to a maximum not exceeding 20% of the Coop’s total shares.

4. Make a minimum monthly savings of N5,000.

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Applicant is responsible for the accuracy of all information supplied by him / her during the registration.