Our Savings Products

NMCS was established with the aim of empowering its members by pooling together funds to execute meaningful projects and ultimately provide housing solutions to its members.

Members are free to participate in as many Savings Products as they wish as long as they meet all the required criteria for each product.

Ndoro Contributory Scheme - NCS

This product is designed for both employed and serious-minded self-employed individuals such as Artisans, Traders, Cab Drivers, Daily Paid workers and salaried- employees.

Features/Benefits

Minimum monthly contribution of N4, 000.00
Monthly mandatory contribution for a minimum of 3 years.
Savings from steady income towards the realization of meeting housing needs.
Savings can be used as collateral for loan subject to having contributed for at least 6 months.
Savings will earn dividend from surpluses accruable to the society.
Allows loan amount up to 200% of contribution.

Ndoro Special Savings

This is designed to assist participants to pool resources towards constructions or outright purchase of property.

Features/Benefits

Minimum entry contribution is N250, 000.00
Subsequent contributions can be any amount but maintaining a floor of N250, 000.00
Savings will earn dividend from surpluses accruable to the society.

Ndoro Target Savings

This is a savings & investment product designed to ensure that your financial projections become a reality. It is a special product designed to enable operators meet specific financial obligations towards festive seasons like Easter, Salah, Christmas, and periodic payments like school fees etc.

Features/Benefits