FLED BUSINESS GROUP

..Empowering new businesses, creating wealth 

 

The creation of new businesses through entrepreneurial engagements is one of the key focus of FLED International Leadership. We are therefore committed to supporting the creation of new micro, small and medium enterprise (MSME) businesses and sustenance of existing. We do this through entrepreneurship development, business facilitation, financial advisory services, and networking opportunities.

 FLED Business Group – FBG – is a membership platform at admits different categories of micro, small and medium enterprises that need institutional support and networking that the Institute can facilitate. FBG welcomes into membership individual business owners of different kinds.

There are lots of benefits from being a MEMBER of FBG including facilitating access to government funds for small businesses and participation in business exhibitions. 

Membership categories

Micro businesses

Registration fee: N5,000. Annual Renewal: N5,000

Small businesses

Registration fee: N10,000. Annual Renewal: N7,000

Medium­ businesses

Registration fee: N20,000. Annual Renewal: N15,000

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FLED Institute is a Member of Forum of Micro, Small and Medium Enterprises Business membership Organizations of Nigeria – FOMSBON – which is umbrella body of all MSME MBOs in Nigeria.  

 

FLED Multi-purpose Cooperative Society Ltd

One of the platforms of support for businesses is the FLED Multi-purpose Cooperative Society Ltd. 

Registered in January 2007, Fled Multi-purpose Cooperative Society Limited is approved by the government to operate as a financial cooperative to promote the business interests of our members and to support their other personal concerns. Our members comprise individuals who desire to start or expand their businesses and become financially independent through cooperative efforts.

We support the business enterprise of our members. We encourage our members involved agribusiness (production, processing, and marketing); property and real estate; export of services, etc. 

To be a full member in the Cooperative, you must:

 Pay Registration fee of N2500. This will entitle you to an ID card, and a passbook.

Buy a minimum Share of 5000 units (equivalent of N5, 000). This is your share capital in the Cooperative.  As a Member, you can buy shares up to 200, 000 units (equivalent of N2million).

Make regular savings with the cooperative. 

Click here to register

Savings, Withdrawals & Loans

A part from ordinary savings, members are encouraged to make special savings for their special projects.

Ordinary savings cannot be withdrawn except after four months of consistent savings

You cannot withdraw from your ordinary savings more than twice in a month, and you cannot withdraw more than half of your total savings at one particular time.

To withdraw up to half of your ordinary savings you must give one month notice.

You can withdraw all your special savings at its maturity; you give one month notice before its maturity.

To withdraw your total share capital, which means withdrawing your membership, you must give a notice of four (4) months.

Loans

The cooperative assists members to secure loans from Approved Government Lending institutions at reduced interest rates. Members are also encouraged to take loans from the cooperative; however, the amount to be given per time depends on whether a person is a Full Member or Partial Members.

To qualify for loan from a Government Lending institution, the member must present, through the Cooperative, a viable project that requires financial support to make it profitable.

To qualify for loan from the cooperative, a member must present evidence of what the loan is to be used for. Loans for Businesses & Educational advancements receive speedy attention.

Loan repayment period is between 6-12 months.

Loan to members attract a flat interest rate of 10% per annum. No other charges are made.

Each member is encouraged to attend regular meetings of the cooperative as well as other business development seminars and training organized by the cooperative.

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Make your payment:

FLED International Leadership Institute
A/c: 0028443679.

GTbank

For more information, contact:

Tel:  0708 015 7176

Email: fledcooperative@fledgroup.org.ng