SHARE CAPITAL

Savings

Members of Lovecity Family House who are willing to participate in Lovecity Cooperative are encouraged to buy a minimum of 100 unit of shares at N50 per share. All profits made by the Cooperatives from all product and services shall be shared as Dividends amongst members who have purchased Share Capital.

USE OF CAPITAL REALIZED FROM SALES OF SHARES

  • 1. To raise capital for Cooperative Investments and Businesses
  • 2. To support cooperative Loans to members
  • 3. To support Lovecity Charity spread across Nigeria

HOW TO BUY 100 UNITS ONLINE SHARES

When buying shares directly from your Lovecity online account, only 100 units of shares can be bought at a time.
  • 1. Login to your account with your phone number and Password
  • 2. Click on “Buy & Send Shares” on the side menu
  • 3. Under “Buy Shares” menu, Click on “Make Payment” The site will direct you to a secured page where you will use your ATM Card to make online direct payment.
  • 4. Always not that you cannot pay your shares money directly into Lovecity Bank Account, it is only through online direct payment with your ATM Card.

HOW TO BUY ABOVE 100 UNITS OF SHARES

When buying above 100 units of shares, you are permitted to pay directly into Lovecity Bank Account. Here is the steps to follow:
  • 1. Make payment of the number of shares you required into Lovecity Bank Account
  • 2. Visit www.lovecityfamilyhouse.com and click “Complaint Form” on the Main Menu.
  • 3. Type your phone number to access the form
  • 4. Then submit the information of the money you paid and the number of shares you are buying.
  • 5. Remember that each unit of shares cost N50. So, just multiply the number of shares you want to buy by N50, to know how much to pay in Bank.
NOTE THAT: SHARES CAN NOT BE RETURNED BUT CAN BE SOLD TO ANOTHER INTERESTED MEMBER

HOW TO SELL YOUR SHARES

  • 1. Login to your account with your phone number and Password
  • 2. Click on “Buy & Send Shares” on the side menu
  • 3. Under “Send Shares” menu, type the unit of shares you want to sell and the phone number of the buyer in the spaces provided
  • 4. Click send shares. A token will be generated and sent to your phone for sales confirmation.
  • 5. Enter the token in the space provided. The number of shares you intend to sell will be sent to your buyer’s account and deducted from your shares balance.