Cluster meeting · every Saturday, 5:00pm
Save every Saturday. Own a share of what we build.
Requiza Cooperative Union runs savings clusters in towns and villages across Africa. You save weekly with the cluster nearest you, buy shares in the businesses the union builds from ₦1,000, and take your dividend at the end of the financial year.
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Saturday 1
You join a cluster and make your first entry. Every entry is recorded online the same day.
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Saturday 13
Three months of consistent saving. An active member may now request a loan from the union.
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Saturday 52
Twelve uninterrupted months. Savings are returned with 30% interest and the annual dividend is due.
The Saturday line
Fifty-two Saturdays make one savings year. Move along the line to see what the union's terms give you at each point. Every figure comes from the terms themselves — nothing here is a projection.
The two brass marks are the Saturdays that change what you are owed: 13, when you may borrow, and 52, when your savings and interest are returned.
What membership is worth
Four numbers, and the condition attached to each
A rate on its own is a promise. A rate with its condition is a term. These are the union's terms, printed the same way here as they are in the rule book.
Empowering the members. Industrializing Africa.
Requiza Cooperative Union is a branch of Requiza Empire, set up to bring Africans into the cooperative system and to put member money to work in the parts of the economy that employ people: food, and the industry around it.
A cooperative is not a bank and it is not an investment scheme. It is a body owned by the people who save into it. Members subscribe shares, the union trades with that capital, and what the businesses earn comes back to the members who own them.
- Cooperative clusters In rural and urban settings across Africa. One
- Financial inclusion Onboard Africans into the cooperative system and into investment. Two
- A new agricultural economy Jobs in food production, processing, packaging and distribution. Three
- Industrialization Investment into the critical sectors of the economy. Four
- The business school Training members to earn more than one income. Five
Where the money goes
Food, from the farm to the shelf, in four stages
The union invests member equity along one chain. Each quarter it opens a new project on that chain, funded 20% by the cooperative and 80% by members who subscribe shares.
Production
Farms and aggregation. Cluster members grow and gather the crop the union has contracted for.
Processing
Mills and processing lines turn the raw crop into a product that keeps and travels.
Packaging
Grading, weighing and packing, so the product can be sold under its own name.
Distribution
Storage and transport into the markets. What the chain earns is what the dividend is paid from.
Every quarter, one new stream of income
The cooperative puts in 20% of the equity and members subscribe the remaining 80%. Shares are ₦1,000 each and the minimum subscription on any project is 100 shares.
What the union asks of a member
Three things, and they are the same for everybody. Your back office shows each one in green when it is done and in red when it is not.
Member progress
- Registration completed Your details are with the union office and you have a membership number. Done
- You have an Android phone The back office runs in the phone's browser. Nothing to install. Done
- You will be an active saver Savings are captured online — daily, weekly or monthly — and must not be interrupted. Not yet
How to start
- Write to the union office, or speak to the financial secretary at the cluster nearest you.
- Come to the cluster meeting on Saturday at 5:00pm and make your first entry.
- Keep saving every week. The secretary records each entry; you can see it in your back office the same day.
Streams of income
More than one way to earn
The union opens a new stream of income each quarter. Members activate the ones they want, and record each activation in their back office once a month.
A member's streams
Example- Stream 1 · Cooperative savings and shares Active
- Stream 2 · Food production partnership Active
- Stream 3 · Food processing unit Active
- Stream 4 · Packaging and distribution Submit the referral link in your monthly update to activate. Not yet
This is what the streams panel looks like in a member's back office. It is filled in from the member's own record, not from this page.
Streams of Income Business School
Wealth is predictable when somebody shows you the working
The union runs a business school for its members. It teaches the system the cooperative itself uses: how to hold more than one income, how to read a business, and how to put savings to work instead of leaving them idle.
“Making money is not as difficult as most people think. It is difficult to do alone.”
The teaching the school is built on
Check us
Everything a careful person should ask before saving a naira
Plenty of schemes have taken money from people in this region and disappeared. You are right to be careful. Here is what the union is, in one place, so you can check it before you commit anything.
If a detail below is not yet filled in, it is because the union has not published it yet — not because it is being kept from you. Ask the office for it and hold us to it.
The union on the record
- Legal name
- Requiza Cooperative Union, a branch of Requiza Empire
- Registration
- To be published
- Registered office
- To be published
- Officers
- To be published
- Financial year
- Ends 31 December
- Meetings
- Every cluster meets on Saturday at 5:00pm
Get digital
The union's digital programmes
These sit outside the cooperative's savings and share business. They carry their own risks and their own rules, and none of them is covered by the 30% savings interest.
- Crypto Academy Learn how digital assets work before putting money into them. Register
- Trade the financial markets Crypto and other markets, with the union's training behind you. Open
- Launch a token For members building a project that needs its own instrument. Start
- Register in projects The quarterly projects that become members' streams of income. Join
- Invest in real world assets Land, plant and equipment the union holds on members' behalf. Invest
Your first Saturday can be this Saturday
Write to the union office and it will place you in the cluster nearest you. Bring your first savings to the Saturday meeting and the financial secretary will enter it the same day.