Registered Cooperative in Lagos State,Under the Ministry of Commerce, Cooperatives, Trade and Investment (MCCTI)
Save Together.
Achieve More.
ENABLIA Multi-Purpose Cooperative Society brings people together to save consistently toward five member purposes: Study Abroad, Education at Private Universities in Africa, Business Funding, Land Procurement, and Building Projects. Those five purposes are funded through eight distinct loan types, each with its own eligibility and approval rules. ENABLIA supports its members to achieve more, in partnership with experts in the areas we enable.
- Transparency
- Trustworthiness
- Truth
- Support
How it works
- 01
Apply
Create an account and submit your membership application. An administrator reviews every application.
- 02
Save monthly
Contribute at least your category's monthly amount. 25% of each contribution goes to your Fixed Buffer Fund.
- 03
Access loans
After your waiting period, apply for one of eight loans, subject to eligibility.
Membership categories
| Category | Minimum monthly savings | Loan waiting period |
|---|---|---|
| Explorer | ₦20,000 | 5 months |
| Enthusiast | ₦50,000 | 4 months |
| Regular | ₦100,000 | 3 months |
| Premium | ₦200,000 | 2 months |
| VIP | ₦500,000 | 1 month |
| Kings & Queens | ₦1,000,000 | No standard waiting period — subject to Cooperative Board assessment |
Eight loan types
Proof of Funds (PoF) Loan
Funds the proof-of-funds balance an embassy, school or partner lender requires before admission or a visa decision, subject to the existing cooperative's approval rules.
Cash Collateral Loan
A bridge loan to back full tuition + Living Cost loan from Partner Lender in Canada & UK only.
TD Loan
Pays the tuition deposit requested by the member's school or partner institution, subject to the existing cooperative's approval rules.
Living Cost Loan
Covers approved accommodation, feeding, transport and other living expenses during studies, subject to the existing cooperative's approval rules.
Emergency Loan
Help with qualifying emergencies, such as flight tickets, accommodation and so forth, subject to the existing cooperative's approval rules.
Business Loan
Funds equipment, stock, premises or working capital to start or grow a member's registered business, subject to the existing cooperative's approval rules.
Land Procurement Loan
Funds the purchase of a verified plot of land in the member's own name, subject to the existing cooperative's approval rules.
Building Materials Loan
Funds cement, rods, roofing sheets and other approved building materials for a member's construction project, subject to the existing cooperative's approval rules.
Eligibility and repayment
- Approved, active membership and a completed waiting period for your category.
- Kings & Queens members are assessed by the Cooperative Board.
- You must hold savings of at least 25% of the loan amount (equity), separate from your Fixed Buffer Fund.
- One loan at a time, up to 18 months, at the interest rate approved by the Board.
- A one-month moratorium after arrival at your study destination, subject to verification and your loan agreement.
- Early repayment is welcome at any time.
Our partners
ENABLIA works with trusted partners in the areas we enable — study-abroad placement, vehicle procurement and mobility for members.
KC Overseas Education
Autochek
TVS
Frequently asked questions
Who can join?
Any adult resident in Nigeria who wants to save towards study abroad or a private African university. Every application is reviewed by an administrator.
What is the Fixed Buffer Fund?
Fixed Buffer Fund (FBF) and Savings Allocation
Every contribution you make is divided into two parts: 25% goes into your Fixed Buffer Fund (FBF), while the remaining 75% is credited to your regular savings balance. Both balances are displayed separately on your dashboard for easy tracking.
The FBF serves as a financial security reserve for the Cooperative, providing additional protection against loans that may not be fully recovered from a member.
Withdrawal Policy:
- Members with outstanding loans: The FBF becomes withdrawable only after the loan has been fully repaid with interest accrued.
- Members without loans: The FBF can be withdrawn at the end of the Cooperative's financial year, which falls on December 10, subject to the Cooperative's applicable financial regulations.
This structure helps the Cooperative maintain a financial safety buffer while enabling members to build their savings and access their funds in accordance with the withdrawal policy.
How much can I borrow?
Up to four times your confirmed savings, so your savings always cover at least 25% of the loan. The Fixed Buffer Fund does not count towards this.
When can I apply for a loan?
After your category's waiting period, counted from the day your membership is activated.
How Do I Make Savings Contributions and Loan Repayments?
You can make your savings contributions and loan repayments via bank transfer. After making your payment, upload your payment receipt through the platform. Your account balance will be updated once an administrator verifies and confirms the payment.
Do I earn anything for referrals?
You get a referral link once approved. Referral rewards are only paid once, as soon as the referee pays the membership fees.
Contact us
ENABLIA Multi-Purpose Cooperative Society Registered Office Address
Registered Cooperative in Lagos State,Under the Ministry of Commerce, Cooperatives, Trade and Investment (MCCTI)
1, Salawu Adekoya Cresent, Itamaga Bus Stop, Ikorodu Lagos State, Nigeria.