Spendless Microcredit Cooperative with registration number AB19799 is registered under the Abia State Cooperative Act with the Abia State Ministry of Cooperatives. Spendless Microcredit Cooperative was register to provide comprehensive micro-credit services to the unbanked and underbanked in urban, semi-urban, and rural areas of Nigeria. Spendless Microcredit aims to create financial, economic, and technical aid and any other possible assistance to members to empower and reduce poverty.
The target members of the cooperatives in the unbanked population such as artisans, petty traders, skilled, semi-skilled and unskilled people, namely, tailors, furniture makers, vulcanizers, masons, iron-benders, micro-agriculturists, barbers, hair-dressers, by the mobilization of funds through daily contributions popularly known as ESUSU.