SALTESCOOP BUSINESS SUMMARY 2020/2021

SALTE: School of Accountable Living, Timing and Earning – a school of thought standing on the PHILOSOPHY: Mmadu ka-eji a ka (that money does not give value to humans; we as a community actually give value to all moneys in our control as a generally accepted means of facilitating our improving each other by our individual and collective efforts).

The poor in Nigeria can do for themselves all that government has failed to do for us in over 60years of independent nationhood if only we can create the trust needed to bridge the trust deficit in the system today. I am supplying one sure strategy to create and sustain this trust.

The vehicle is a cooperative society (SALTE Student Multipurpose Cooperative Society Ltd – SALTESCOOP registered in 2016) managed via internet, bank accounts, phone numbers and e-mails.

A. We grow the membership of our registered cooperative to at least 1000 in 5years (from Oct 2016), and raise the members invested funds to at least NGN150million doing secure cooperative financing at 5.5% a month; farming and forex.
B. Start cooperative housing with 50% to 70% of invested funds (build and sell);
C. Our profit sharing and member welfare would attract more people and help us reach 10million membership strength within 12years of existence.
1. Accept that we all are students of life and each is worth much more than money and material wealth;
2. Fill, sign and submit your SALTESCOOP registration form online or physically;
3. Pay NGN1,500 registration/book fee to First Bank savings Account No: 3110482821, SALTE Student Multipurpose Cooperative Society Limited;
4. Invest as you like (at least NGN400 a month); NGN1000 or more per month makes you ACTIVE investor;
5. Be involved in our discussions via blog, WhatsApp group chat and meetings (every 2nd Sat of the month in Enugu).
1. Invest/save what you can entrust with us;
2. Tell your family, neighbours and friends if SALTESCOOP has been honest and beneficial to you (we pay for this ad you are doing for us);
3. Withdraw or re-invest your earnings above NGN2000 once or twice in a year. We encourage withdrawals to pay for needed food, shelter, healthcare or education.
1. Dividends: 0 – 20% a year;
2. Ad fares bonus: 0 – 5% a month (0% for January, 1% for sleeping, 5% for active investors).
3. Welfare: 20% of your total invest (over 6 months old, up to N50,000 max) may be given you (only once a year) as or social insurance package (SIP) benefit on the following occasions:
- Child birth (show birth certificate);
- Death of parent or spouse;
- Wedding of member or member’s child;
1. Our members employed;
2. New business opportunities created (farms and forex already running);
3. New caring (though virtual) human community created. Every subscriber that stays long enough with us must get a house you can pay for and own.
1. Receive money withdrawn from your investment (40% or less) and earning wallets within 7 working days.
2. Receive all your invested funds and earnings within 45 days of applying to QUIT SALTESCOOP membership (knowing that re-registration is NGN5000).
3. All earnings in January are used to stabilize lapses in our business projections