PRODUCTS & SERVICES

NETWORK COMMISSIONS

There are 3 types of commissions members can earn in Lovecity Cooperatives, they are Registration Commissions, Monthly Dues Commissions and VIP upgrade Commissions. These commissions are paid out to members who have built their networks in the cooperative by inviting people to join with their referral codes.

REGISTRATION COMMISSION

Registration commissions are paid out when a new registration occurs on Lovecity cooperative Network. Every new member pays a registration fee of N5,000 from where the commissions are paid out as below.

HOW COMMISSIONS ARE PAID OUT FROM N5,000 REGISTRATION FEE OF NEW MEMBER

N2,000 is paid to 5 uplines registered above the new member as commissions
N2,000 is paid into the Lovecity Cooperative Account for Dividends and Cooperative services
N1,000 is paid into Lovecity Charity Account for charity work
Example of how N2,000 of the Registration Commissions of N5,000 is shared amongst 5 uplines of a new member on the network. We assume that every member including you, is bringing 6 new members each.

1 ST LEVEL
These are the members you personally introduce. You earn N1,000 on everyone you personally introduce If you introduced 6 members, you earn N6,000 commission

2 ND LEVEL
These are the members introduced by the members on your 1 st level. You receive N500 on each member on your 2 nd level If you have 36 members on your 2 nd level, you earn N36,000 commission

3 RD LEVEL:
These are the members introduced by the members on your 2 nd level. You receive N200 on each member on your 2 nd level If you have 216 members on your 3 rd level, you earn N43,200 commission

4 TH LEVEL:
These are the members introduced by the members on your 3 rd level. You receive N200 on each member on your 4 th level If you have 1,296 members on your 4 th level, you earn N259,200 commission

5 TH LEVEL:
These are the members introduced by the members on your 4 th level. You receive N100 on each member on your 5 th level If you have 7,776 members on your 5 th level, you earn N777,600 commission The total members on your network will be: 9,330 members The total commission you earn on these members will be:N1,104,000 commission

REGISTRATION COMMISSION FOR THE COOPERATIVE

From the N5,000 registration fee of each of the members calculated above, Lovecity Cooperative Account receives N2,000 per head for Dividends and Cooperative businesses.
Calculation: 9,330 members X N2,000 = N18,660,000

REGISTRATION COMMISSION FOR THE NGO

From the N5,000 registration fee of each of the members calculated above, Lovecity Charity Account receives N1,000 per head for charity work.
Calculation: 9,330 members X N1,000 = N9,330,000
<4> MONTHLY DUES COMMISSION All Lovecity Cooperative members must engage in N2,000 monthly dues payment. It is from this monthly dues payment that monthly dues commission is paid out the same way Registration Commission is paid out as discussed above, but in the case of monthly dues, the commission is paid out every month because, members pay their dues every month and commissions are shared as below.

HOW COMMISSIONS ARE PAID OUT FROM N2,000 MONTHLY DUES FROM ALL MEMBERS N400 is paid to 5 uplines registered above the new member as commissions
N400 is paid into Lovecity Cooperative Account for Dividends and Cooperative services
N200 is paid into Lovecity Charity Account for charity work
Example of how N400 of the Monthly Dues Commissions of N2,000 is shared amongst 5 uplines of a new member on the network. We assume that every member including you, has brought 6 members each.

1 ST LEVEL
These are the 6 members you personally introduced and are paying monthly due You will earn N400 on each of them every month when they pay monthly due Your total earnings will be N2,400 per month

2 ND LEVEL
These are the members introduced by the members on your 1 st level. You earn N200 monthly on each of them when they pay their monthly dues If you have 36 members on this level, your total earning will be N7,200

3 RD LEVEL:
These are the members introduced by the members on your 2 nd level. You earn N80 monthly on each of them when they pay their monthly dues If you have 216 members on this level, your total earning will be N17,280

4 TH LEVEL:
These are the members introduced by the members on your 3 rd level. You earn N80 monthly on each of them when they pay their monthly dues If you have 1,296 members on this level, your total earning will be N103,680

5 TH LEVEL:
These are the members introduced by the members on your 4 th level.
You earn N40 monthly on each of them when they pay their monthly dues
If you have 7,776 members on this level, your total earning will be N311,040
The total members on your network will be: 9,330 members
The total commission you earn on these members will be: N441,600 commission

MONTHLY DUES COMMISSION FOR THE COOPERATIVE

From the N2,000 registration fee of each of the members calculated above, Lovecity Cooperative Account receives N800 per head for Dividends and Cooperative businesses.
Calculation: 9,330 members X N800 = N7,464,000
MONTHLY DUES COMMISSION FOR THE NGO
From the N5,000 registration fee of each of the members calculated above, Lovecity Charity Account receives N400 per head for charity work.
Calculation: 9,330 members X N400 = N3,732,000

HOW THE MONTHLY DUES WORKS

1. Your first monthly due is 1 month after your registration.
2. You have 5 days grace to pay. For example
 If you registered on January 5 th
 You will pay your monthly due between 5 th to 10 th of February
 If you eventually paid on February 7 th , your next payment will be March 7 th – 11 th …and so on.
3. Login to your Lovecity Account to pay with your Card (ATM card)
4. Or, pay N2,000 to Bank and bring Payment Receipt, ‘NOT TELLER’ to office with N100 service charge.
5. Or, pay N2,100 cash in Lovecity Office with N100 service charge

3. VIP UPGRADE DONATION

When the total number of downlines on your team from 1 st level to 5 th level reaches 5,000 members, you will be required to pay N60,000 into the cooperative account in other to get a Car award. The payment of N60,000 by everyone qualifying for the VIP Car award is also shared on the network as described below:

HOW COMMISSIONS ARE PAID OUT FROM N60,000 VIP CAR AWARD DONATION TO MEMBERS

N24,000 is paid to 5 uplines registered above the new member as commissions
N24,000 is paid into the Lovecity Cooperative Account for Dividends and Cooperative services
N12,000 is paid into Lovecity Charity Account for charity work
Example of how N24,000 of the VIP Car award donation of N60,000 is shared amongst 5 uplines of a qualifying
member on the network. We assume that every member including you, has brought 6 new members each.

1 ST LEVEL
These are the 6 members you personally introduced and are paying monthly due You will earn N12,000 on each of them every month when they pay monthly due Your total earnings will be N72,000 per month

2 ND LEVEL
These are the members introduced by the members on your 1 st level. You earn N6,000 monthly on each of them when they pay their monthly dues If you have 36 members on this level, your total earning will be N216,000

3 RD LEVEL:
These are the members introduced by the members on your 2 nd level. You earn N2,400 monthly on each of them when they pay their monthly dues If you have 216 members on this level, your total earning will be N518,400

4 TH LEVEL:
These are the members introduced by the members on your 3 rd level. You earn N80 monthly on each of them when they pay their monthly dues If you have 1,296 members on this level, your total earning will be N3,110,400

5 TH LEVEL:
These are the members introduced by the members on your 4 th level. You earn N40 monthly on each of them when they pay their monthly dues If you have 7,776 members on this level, your total earning will be N9,311,200 The total members on your network will be: 9,330 members The total commission you earn on these members will be: N13,228,000 commission

VIP UPGRADE DONATION COMMISSION FOR THE COOPERATIVE
From the N60,000 VIP donation of each of the members calculated above, Lovecity Cooperative Account receives N24,000 per head for Dividends and Cooperative businesses.
Calculation: 9,330 members X N24,000 = N111,960,000

VIP UPGRADE DONATION COMMISSION FOR THE NGO
From the N60,000 VIP donation of the members calculated above, Lovecity Charity Account receives N12,000 per head for charity work.
Calculation: 9,330 members X N12,000 = N223,920,000