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To build the Cooperative Society as an international family where all ideas of its members are accommodated and harmonized following international best practices to economically and corporately be successful in its services.
Our vision is to become the leading cooperative society organization in Nigeria, offering dynamic platforms for financial sustainability and growth to members and affiliates across Africa and globally.
At EBO, we embrace the philosophy of harnessing the power of collective efforts. We firmly believe that by coming together, we can achieve remarkable feats.. Through collective effort opportunities, we aim to strengthen the economy and provide avenues for members to achieve financial freedom.
When dealings or transactions occur directly between EBO and another company or business, this business model is known and referred to as the Business-to-Business (B2B) model.
When dealings or transactions take place directly between EBO and the consumers of EBO products or services, this is known and referred to as the Business-to-Consumer (B2C) model.
This type of business model allows EBO to earn regular income on a daily, weekly, monthly, or yearly basis. Clients have the opportunity to pay for the cost of a particular product or service along with added interest spread across an agreed period for complete payment, rather than paying the entire amount upfront.
In this model, members are owners of the cooperative as they subscribe to various products and services. Additionally, members are required to pay their monthly dues.
Members actively engage in promotional activities for the cooperative will receive rewards based on the EBO Marketing Compensation Plan. Members can choose the section they wish to be part of, as long as they remain cooperative members.
Members can enjoy benefits attached to registered products and services upon purchase.
Members can borrow at a low interest rate of 3.5% for business purposes after being active for a minimum of 120 days.
Members have access to competitive financing options for business and project ventures, with or without collateral, subject to approval by the executive board.
Members can secure financing for various assets such as home furniture, office equipment, vehicles, etc., at agreed interest rates within their country of residence
Members can participate in Business Presentation Seminars held weekly and monthly, both online (via Google Meet) and offline in approved locations nationwide.
EBO Stakeholders Group members own shares in the cooperative and receive dividends from the cooperative surplus annually after the general meeting.
Surplus profits generated by the cooperative are shared among stakeholders, ensuring each member receives dividend of their share value annually.
Members can borrow at a low interest rate of 2.5% for business purposes after being active for a minimum of 120 days.
An active stakeholder group member is eligible to receive financial support from both the state and national levels of the cooperative organization in the unfortunate event of the loss of their biological parents. However, it is essential to note that the member must provide a minimum of 30 days’ notice to the cooperative organization and fulfill all invitation requirements as approved by the organization.
Similarly, an active stakeholder group member may avail themselves of EBO financial support from both state and national levels for the celebration of their marriage or marriage anniversary. Again, a minimum of 30 days’ invitation notice to the cooperative organization and adherence to all approved invitation requirements are mandatory.
Moreover, in the case of celebrating the marriage of two of their children, the member can receive financial support from the cooperative organization. As with other events, a minimum 30-day invitation notice and compliance with all official invitation requirements are necessary.
In the unfortunate circumstance of the cooperative organization losing an active stakeholder group member, the family of the deceased will receive EBO financial support from both state and national levels. Additionally, the cooperative organization, through the office of the state directors, will officially visit the family of the late member. However, it is imperative for the family to provide a minimum of 30 days’ notice to the cooperative organization.
Stakeholders can access business loans up to three times the amount of their initial capital contribution to the cooperative, with or without collateral.
Members have easy access to competitive business and project financing, subject to approval by the executive board.
Stakeholders can secure financing for various assets such as home furniture, office equipment, vehicles, etc., within their country of residence at agreed interest rates.
Members receive a one-time cooperative bonus payment for referring others to purchase EBO shares.
All stakeholders are required to attend monthly meetings, conducted online via Google Meet or offline in approved locations nationwide.
Head Office: No:1036 Adamu Ata Close, Off Jeraton Road Facing GT Bank, Apo Legislative Quoters Zone B Extension, FCT, Abuja Nigeria
Phone No:
+234 803 831 5783 | +234 811 965 7587
Email:
[email protected]
EBO is established to ensure the well-being of its members by enabling members to pull resources together; reduce costs, strengthen their financial abilities, support them at moments of great challenges, and thereby contribute a great share to the country’s economic and social development.
