How do I qualify for a business loan?

Eligibility is based on your contribution consistency. Monitor your 'Loan Eligibility Progress' bar on your dashboard; once you hit your savings milestone, you can request funding.

What are the repayment terms?

Repayments are structured weekly to ensure business cash flow remains stable. You can settle payments directly via the 'Repay Loan' button on your dashboard.

Is there a penalty for late payments?

Yes. To protect the collective fund of all members, a daily penalty of 0.15% is applied to overdue balances until they are settled.

How secure are my contributions?

As a registered Multi-Purpose Cooperative Society, all funds are managed under strict regulatory guidelines and visible through your real-time transaction history.

Our Structure

Services are provided through Great Friends Multipurpose Cooperative Society Limited.
Click on any service below to learn more.

Great Friends Multipurpose Cooperative Society (MPCS) offers various cooperative schemes to cater to members' financial and social needs. Here's a breakdown:

1. Friends Wallet: A digital wallet for members to manage their finances, make transactions, and store funds securely.

2. Temporary Cash Storage: A secure storage option for members to keep their cash temporarily.

3. Friends Contribution (Share Capital): Members contribute to the society's capital, earning dividends and benefits.

4. Friends Daily (Savings Monthly without Interest): A savings scheme where members save daily, with monthly withdrawals, no interest accrued.

5. Friends Thrift Savings (Lock-up Special Season Plan): A savings plan with a fixed lock-up period, offering attractive returns.

6. Friends Welfare: Support for members in need, covering:
- Health expenses
- Social events
- Leisure activities
- Life insurance
- Ceremonies

7. Friends Food-Bank: Affordable access to agricultural products, storage, and shopping facilities.

8. Friends Loans: Loans for members and non-members, promoting financial inclusion.

9. Friends Investment: Investment opportunities with yearly returns on investment (ROI) sharing.

10. Friends Market Money: Micro-credit for market women and men, promoting entrepreneurship.

11. Mutual Friends Deposit and Get: Deposit schemes with yearly ROI, encouraging savings.

12. Friends Businesses: Trading and investment projects for members, promoting business growth.

13. Friends Funds: Asset financing options for members.

14. Friends Cash Money (POS): Point-of-sale services, providing easy access to cash.

These schemes aim to promote financial stability, social welfare, and economic empowerment among members.

When a new member registers through your referral, you may receive recognition or rewards based on the cooperative’s referral program.

This system helps expand the community while creating opportunities for members to benefit from growing the network.

Our Structure

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