About Us

We Solve Your Financial Problem
SESIS cooperative is a zero interest cooperative that operate on Islamic principle and procedures registered with Lagos State Government, under Ministry of Cooperative and Commerce. Our mission is to empower the member financially through participatory contribution and we have been in the business for years now.
Our Services
Frequently Ask Questions
Fill the online form or hardcopy at our office, make a payment of N2,000 to sesis GTBank account. Notify us through phone call or WhatsApp. Your membership number will be communicated to you after payment confirmation.
your registration package will include membership card, pass book, bye-law etc.
The minimum savings per month is N2,000 and you can choose to pay more in a regular and consistent amount.
yes! you can do so but assessment will be based on a regular amount receive within the period.
NO! we advise you to pay directly to our Gtbank account or make a transfer with payer ID (membership number) showing in the transfer remark. eg Sauban 013 saving
You can get your loan after consecutive savings for 6 months and collect double of the 6months savings.
you are required to filled out a loan form, submit via ours channel after completion, fund will disburse after meeting the condition sets in.
Note: only duly completed form is giving consideration
Note: only duly completed form is giving consideration
Your first date of payment marks the beginning of the six months.
YES! 1 or 2 guarantors is required depending on the ability of 1 guarantor to secure the total sum of money requested.
YES! You can withdraw, if you do not request for double payment upon your savings
we do not operate transfer however a cheque in normally issue to member for payment and all form are treated once in a month. All requested are payable at four-week interval/
NO! he/she (guarantor) should be a member of sesis cooperative
It can be paid back within 6 to 12 months, depending of the value of funds received.
NO!!! we do not collect interest on loan, it is interest free. A token fee of N500.00 is charged for form and account maintenance charges 1.00/mile. N50 stamp duty paid to the Federal Government effect from 1st January 2016.
Each member pays some statutory fees such as development levy –N1,000; AGM fee - N1,500 yearly and shares – N20,000.
we use members’ share funds to invest in different Halal businesses which returns are partly use for overheads and profit/loss after accounting year are disburse as dividends to members based on share value/ratio.
NO! shares is currently fixed at twenty for every member.
YES ! we have others investment vehicle which can accommodate your additional fund in millions for investment with different maturity date.
Cooperative meeting now holds on quarterly basis and the executive meet on monthly basis.
YES! Member are strongly advice to attend this quarterly as crucial matter affecting the cooperative are mostly discussed at the meeting.
sesis multipurpose status currently offer products Target savings for hajj, school fee, house rent, Ramadhan
Regular savings
Double of savings loan for member only
Business financing for member and non-member
House appliances acquisition with flexible payment option for member and non-member
Food stuff sales
Ileya ram sales
Regular savings
Double of savings loan for member only
Business financing for member and non-member
House appliances acquisition with flexible payment option for member and non-member
Food stuff sales
Ileya ram sales
YES! You fill the online form and complete with same N2,000 payables to our Gtbank account
Not necessarily but we want a participatory role via WhatsApp or calls to get information about the progress.
Yes! We just a need a month notification and state reason for closure of your account.
Contact Us
*Head office:*
Suite 1, 2nd floor, Alhaji Safar Jolaosho Plaza, First Bank Building, 107 Oshodi Road, Via Lagos International Airport Road, Mafoluku, Oshodi, Lagos