About Us

SAVINGS AND CREDIT MULTI-PURPOSE CO-OPERATIVE SOCIETY LTD

Mailfax Savings an online savings and credit multi-purpose cooperative society organisation established with the aim of coordinating like minded individual, professionals and entrepreneurs to organizing a pool of private funds to serve as a reliable source of credit and investment opportunities, towards which members can look as reliable and more affordable means of achieving both personal and socio-economic development of their dreams. 

Our targets are people with whom we share common values and ideologies; those who are young professionals, aspiring, striving or thriving entrepreneurs, to meet their personal, economic, social and academic aspirations through a jointly owned enterprise.

MAILFAX SAVINGS is licensed and regulated by Nigerian Government under the Co-operative Societies Act . 

Through joint effort and network of members around the world, we want to demystify the gruesome challenge of funding for those who genuinely have entrepreneurial vision and are willing to make a bold step towards the seemingly distant future. 

Our philosophy is simple; there is awesome power and amazing possibilities in collaborative efforts. We believe people can achieve much more together than individually entrepreneurs and SME owners can achieve their dreams with or without the exorbitant traditional bank loans. We are convinced that there is a post modern approach to funding and credit loan; we can develop our individual abilities while we grow our collective opportunities and strengthen our economy. 

We believe that young professionals deserve to invest their skills and energy in their own future rather than scrambling for scarce opportunities with big multinational corporations. Young people can create chain of employment opportunities; rather than look for one, they should come together, save, share, lend and invest together to form a formidable frontage for their individual and collective success.

OUR SERVICES 

(1) Savings

(2) Loan

(3) provident Loan with very low interest rate 

(4) Investments

(5) Property Acquisition

(6) Import and export 

(7) Retirement Savings 

(8) Stock Savings

Our vision 

Our may priority is for every member to save for their future at list 2% of their income. 

To be the premier cooperative society savings in Nigeria and around the globe.

To become a global investor in finance and  human capital in business development. 

To become a co-operative society of the people run by the people .

To become the largest provident loan company in African. 

To become the largest platform savings for the common man.

To become the platform for both young and old to retirement. 

To become the people investment bank. 

Our Mission

(a) Through the provision of exceptional services, delivering unparalleled financial and social economic values and diligently pursuing the tenets of cooperation; we shall financially empower our members, expound their economic means and influence their financial choices in the fight against poverty and continuous improvement of individuals and ultimate transformation the society as a whole.

(b) To give power to members to build a successful community base company by bring the company power closer to them as stakeholder. 

By uplifting their savings Culture and inspire, encourage, nurture and innovate/ creativity business ideas. 

(c) To ensure equal access to loan at low  interest rate to members 

(d) To provide financial advice to members.

(e) To provide loan to non members to uplift their business. 

Our Objective 

(1) To be a successful community of thrift and credit professionals

(2) To nurture ethical leaders and transform to a society of responsible professionals.

(3) To respond to our members needs and appropriate our profits amongst them.

(4) To inspire others through savings, continuous learning & personal development, investment orientation and cooperation.

(5) To co-operate with other individuals and societies

(6) To support government initiatives and explore opportunities for members.

Our Action Plans

(a) Upgrading the quality, professional conduct, productivity and financial exposure of members through regular entrepreneurial trainings/seminars and workshops.

(b) Providing credit to members, encouraging and empowering them to own their own businesses and be self reliant.

(c) Creating employment opportunities through the provision of practical business and entrepreneurial skills for members.

(d) Making investments in business ventures, stocks or real estate and other properties which will generate returns that could be shared as dividends to members periodically, or saved for further investment depending on any surplus that accrues to the fund.

(e) Make substantial contribution to the commercial growth and development of the country by undertaking business ventures and small scale enterprise financing.

(f) To do such other things or provide such facilities or services as may be necessary, incidental or conducive to the attainment of the afore-mentioned objects.

Since starting MAILFAX SAVINGS with just an idea and a few discussion threads, it’s now blossomed into a robust platform with a passionate, active and supportive community dedicated to money saving strategies. We're pride ourselves on not only being a great resource, but also providing a safe online environment for our users to share, teach and learn. We’re always accepting new members, so join us today.