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GOSA — Gindiri Old Students AssociationGOSA CooperativeLagos Branch Alumni

GOSA Lagos Branch Alumni Cooperative Society

Build wealth together.

A smarter, more transparent way for GOSA alumni to save, access responsible credit and create collective value.

Become a member Member sign in

How GOSA works

One simple cycle, run with discipline: liquidity before yield, and capital before growth.

  1. 01

    Save

    Make regular contributions into your mandatory savings, and add voluntary savings whenever you can.

  2. 02

    Build member equity

    Your share capital makes you a part-owner of the cooperative, with a voice in how it is run.

  3. 03

    Access responsible credit

    Borrow against a proven savings record and real repayment capacity, at clearly stated prices.

  4. 04

    Grow together

    Surplus is invested prudently and, once audited and approved, returned to members.

Loan products

Every offer shows the principal, rate, fees, instalment, total interest, total repayable and early-settlement terms — before you accept.

  • Emergency Loan

    For genuine short-term emergencies. Deliberately small, decided quickly.

    ₦50,000 – ₦300,000

    1–6 months

  • Character / Personal

    For personal and family needs, backed by your savings record.

    ₦100,000 – ₦1,000,000

    6–12 months

  • Business Loan

    Working capital and growth for member-owned businesses.

    ₦500,000 – ₦5,000,000

    6–18 months

  • Asset Finance

    Equipment and productive assets, paid directly to approved vendors.

    ₦500,000 – ₦10,000,000

    1–24 months

  • Seasonal / Education / Household

    Predictable needs such as school fees, planned ahead.

    Small limit, set by the Board

    3–12 months

Indicative ranges from the cooperative's draft policy. Final limits and rates are approved by the governing body, and lending opens in stages.

Alumni Business Network

A member business directory, referrals between members, SME knowledge sessions and opportunities linked to the cooperative's financing — growing as our foundations mature.

Governance you can verify

Two people for every money decision. A permanent record of every action. Monthly reconciliation and an annual independent audit.

How we protect your money

Questions

Who can join?

Alumni of the GOSA Lagos Branch community who complete the membership application, including identity checks, and are approved by the cooperative.

Is my money safe?

Member funds are held in trust in a dedicated cooperative bank account. No single person can move money on their own, every action is recorded, and the accounts are independently audited each year.

How much can I borrow?

Borrowing is linked to your savings record, how long you've been a member, your repayment history and your ability to repay. The multipliers are risk controls, not automatic entitlements.

Do I need guarantors?

Yes. Loans normally need two fellow members in good standing to guarantee them. Guarantees support, but never replace, a proper assessment of your ability to repay.

Are returns guaranteed?

No. Any surplus is distributed only after the accounts are audited and the allocation is approved by members and the governing body.

What happens if I miss a repayment?

We'll remind you, then talk to you. We treat every member with dignity and confidentiality, and we never expose members publicly. Early conversation makes restructuring possible.

Ready to join?

The application takes about 10 minutes. You can save and finish later.

Start your application