..Empowering new businesses


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

FLED recognizes that small businesses have a number of challenges including finances, information, access to markets and relevant networking opportunities.  Our immediate response to these challenges is the establishment of a Multipurpose Cooperative Society.  

FBS encourages individuals and small businesses to register and become members of FLED Cooperative Society to gain leverage for their businesses. 

FLED Multi-purpose Cooperative Society Ltd

Reg. No 8705

Who We Are

Registered in January 2007, FLED Multi-purpose Cooperative Society Limited is approved by the government to operate as a financial services cooperative to promote the business interests of our members and to support their other personal concerns.

The Cooperative exists as the business development and financial support arm of Foundation for Leadership & Education Development  and FLED International Leadership Institute.

Our members comprise groups and individuals who desire to start or expand their businesses and become financially independent through cooperative efforts.

Our Mission

To provide financial and ancillary supports to enable our members grow their businesses and other legitimate initiatives that support their financial independence.

Our Vision

The catalyst for the economic prosperity of our members and their families.

What we do

We encourage individuals and businesses that desire to gain leverage through mutual help to register as members and begin to build their capacity for self-sustenance.

We support the business enterprises of our members.

We encourage our members to be involved in agribusiness production, processing, and marketing; property and real estate; export of services, travels and tourism, educational services, etc. 

We conduct business development training, host business exhibitions, organize trade shows, and connect our members to relevant support services.


Individual membership and Group/Corporate Membership.

Corporate or group membership is for those that prefer to register their business as a corporate member. 

Membership Requirements

To register in the Cooperative, please take the following steps:

Complete Membership Application Form. Individuals register with N3000. Groups/Corporate register with N5000.

Share Purchase

Once registered, each individual member is allocated 5,000 units of Shares (equivalent of N50, 000), while each group/corporate members is allocated 10,000 units of Shares (equivalent of N100,000).

One Unit of shares is equivalent of N10. This is the individual’s/group’s equity participation/share capital in the Cooperative. 

Registered members are given a period of 12 months to complete payment of your share capital in the Cooperative or lose the shares to the cooperative to another member.

After full payment for the initial shares allocated, each individual member is allowed buy more shares up to a maximum of 200, 000 units (equivalent of N2 million), while each corporate member can buy a maximum of 400,000 (equivalent of N4 million) .


Individual members are expected to save a minimum of  N5,000/month, while Corporate members save a minimum of N10, 000/month. Savings could be made at any time, weekly or monthly, as convenient for the member.

This saving is regarded as your Ordinary Savings in the Cooperative.


Individuals are required to pay a monthly dues of N500, while groups pay N1,500/month. The money from the dues is used for Administrative purposes including purchase of office consumables and staff salaries. This is to prevent using Member’s savings to run the Cooperative.

Membership Spread

Membership of FLED Cooperative spreads across the country. Anyone, anywhere could register and become a member of the cooperative and enjoy membership benefits from anywhere. 

 Click here to register now!

Savings, Withdrawals & Loans

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

The cooperative gives members the opportunity to save money for different purposes in order to meet short or long term needs. Special savings are time-bound. It could be for a period of 3 to 12 months. Special saving of six to 12 months attracts an interest of 5% to the Member on Maturity. Special savings of less than six months do not attract any interests. To enjoy the Interest, no part of the money saved must be withdrawn before the maturity date.

Land/House Purchase Savings

This is for members that want to buy land to build or purchase their own houses. Working through FLED Property Development Company Ltd, we  support members in different ways when they have saved reasonable amounts in this scheme. 

Business Improvement Savings

This is for members that desire to inject reasonable capital into their businesses for growth and expansion.

Educational Savings

Members can save towards their own educational advancement or that of their children/wards in order to pay school fees, etc.

Seasonal/Special Events Savings

Members can save for Christmas, Easter, Wedding, or other Special Events they expect to spend some lump sum. You save towards this period and collect your money in full when the time comes. 

Ordinary savings

  1. Ordinary savings cannot be withdrawn except after four months of consistent savings.
  2. 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.
  3. To withdraw up to half of your ordinary savings, you must give one month notice.
  4. You can withdraw all your special savings at its maturity; provided you give one month notice before its maturity.
  5. To withdraw your total share capital, which means withdrawing your membership, you must give a notice of four (4) months.


The Cooperatives gives loans only to its Members. Short-term loans are given to enable members invest in their businesses or to attend to urgent matters, as the case might be. Collateral for loans are taken based on the nature and duration of the loan.

Loans are disbursed on the basis of first come, first served and on the availability of funds. 

  1. To qualify for loan the member must present a viable project that requires financial support to make it profitable.
  2. 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.
  3. Loan repayment period varies depending on agreed tenure during loan approval, but it does not exceed  12 months.
  4. Loan to members attract a flat interest rate of 10% per annum. No other charges are required. The Interest is taken upfront, before disbursement of the loan.

Loan Opportunities

  • Business Support Loan
  • Land/House Support Loan
  • Equipment Purchase Loan
  • Food and Household Appliances support.

Membership Benefits

  • You’re entitled to receive low-interest loans to finance your business and other important issues.
  • You are entitled to receive Dividends from the profit of the cooperative at end of each year.
  • You enjoy business development support through seminars, trainings and trade shows. 

Other issues

Each member is expected to introduce people they know and can vouch for to the cooperative.

Members are encouraged to attend business development seminars and training organized by the cooperative.

Click here to become a member of FLED Cooperative!

For more information, contact:

The Administrative Secretary,

FLED Multi-purpose Cooperative Society Limited

Plot MF57 Cadastral Zone (KMC Hotel), KMC Street,

Off NNPC Filling Station,

Karu Site, Abuja – Nigeria

Tel:  +234 (0)708 015 7176

Email: fledcooperative@fledgroup.org.ng

Register Today to and Begin to Enjoy 


FLED Multipurpose Cooperative Society ltd is a member of the FLED GROUP, which consists a number of interdependent organizations whose businesses cut across human development, real estate, media, education, food value chain and fashion.

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