The business focus of Spendless Microcredit Cooperative are:
(1) The Artisans, semi-skilled, skilled such as the tailors, hair dressers, barbers, block Mulders, brick-layers and masons, Okada riders, Keke drivers, vulcanizer, etc who depend on daily income
(2) Petty-traders who depend on daily income through marginal profit on daily sales
(3) Micro-businesses enterprises
(4) Micro-Agro businesses

Our economic sectors focus are:
The economic sectors focus of Spendless Microcredit Cooperative are:
1. Financial Inclusion: – Providing access to financial services for underserved populations, including low-income individuals, rural communities, and marginalized groups. – Offering financial products and and services tailored to the needs of these groups, such as microloans, savings accounts, and money transfer services.

2. Microloans: – Offering small, short-term loans (typically N50,000 to N500,000) to support business growth, income generation, and financial stability. – Flexible repayment terms, such as weekly or monthly installments, to accommodate clients’ cash flow and financial capabilities.


3. Savings and Deposits: – Encouraging clients to save and manage their finances through various savings products, such as:
Traditional savings accounts
Fixed deposits
Recurring deposits
Offering deposit insurance to protect clients’ savings.

4. Financial Literacy: – Educating clients on responsible financial management, budgeting, and entrepreneurship skills through: Workshops and training sessions
One-on-one counseling
Online resources and tutorials
Empowering clients to make informed financial decisions and
Improve their overall financial well-being.

5. Entrepreneurship Support: – Providing training, mentorship, and resources to help clients develop and grow their businesses, including:
Business planning and management
Marketing and sales
Financial management and accounting
Encouraging entrepreneurship and job creation in local communities.

6. Community Development: – Investing in local communities through social responsibility initiatives, such as: – Education and healthcare programs – Infrastructure development (e.g., water, sanitation, energy) – Environmental conservation – Promoting economic growth and social cohesion in the communities served.

7. Digital Financial Services: – Leveraging technology to expand outreach, improve efficiency, andoffer innovative financial solutions, such as:
Mobile banking and payments
Online loan applications and approval
Digital savings and deposit accounts
Enhancing client experience and
Financial inclusion through digital channels.

8. Client-Centric Approach: –
Focusing on the unique needs and circumstances of each client,
Offering personalized financial solutions and support.
Building long-term relationships with clients,
Understanding their financial goals and challenges, and
Providing tailored advice and guidance.