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BUILD YOUR DREAM HOME WITH JUST N10,000 ONLY

LASHONELINKS HOUSING

CO-OPERATIVE MULTIPURPOSE SOCIETY LIMITED

In Nigeria, the struggle for home ownership by all classes of people is legendary. Everybody is desirous of owning one, or in the very least, stay in a decent and cheap accommodation.

There are many challenges to home ownership in the country with the problem of land acquisition a major factor. The problem is better felt in the urban areas where land is constantly in demand for residential, commercial and industrial accommodation.

Death of cheap and long-term finance for housing development is another major obstacle to home ownership because of absence of a virile mortgage system the draws from pool to fund housing construction, acquisition and rehabilitation.

However, the idea of home ownership through co-operative societies is gradually gaining ground in the country due to the failure of individual efforts and government’s interventions to make any meaningful impact in housing development.

Cooperative society simply means when two or more people come together with the aim of improving their socio-economic well being. The members will set aside a portion on their income, which they will put into a pool for any of them that is ready to go into a viable venture or undertake a significant project to borrow from. Or cooperative society is formed when people join with each other on a democratic basis to own or control the housing and/or related community facilities in which they live. Usually they do this by forming a not-for-profit cooperative corporation. Each month they simply pay an amount that covers their share of the operating expenses of their cooperative corporation.

Since it is unlikely that all the members of the society will need money at the members of the society will need money at the same time, there will always be something to give to a member in dire need of money for a defined purpose. Usually, the list of when each member will be entitled to borrow money from the cooperative would have been drawn out at the commencement of the contribution circle.

Lashone Links Limited is a pioneer of Lashonelinks Housing Co-operative Multipurpose Society Limited, a Real Estate and Engineering company incorporated under the Company and Allied Matter Act (CAMA) 1990 to carry on business of Real Estate investment and development, land speculation, properties buy-back and leasing. Lashone Links Limited is duly registered as a member of Real Estate Developer Association of Nigeria (REDAN).

The main objectives of co-operative societies, apart from helping members to become landlords, include providing purchasing and construction for self use, providing micro mortgage schemes for members, providing real estate and other investment opportunities for collective gains, for investment in real estate, among many others objectives

In addition, for Lashonelinks Housing Cooperative Multipurpose Society to deliver on their promises and better serve members, they partners with reputable individuals’ and organizations particularly; Micro-Finance Bank, Developers, Mortgage Institutions, Building Material Manufactures and Suppliers, Professionals in the building Industry and Related Government Establishments and Agencies.

Co-operative Membership Fee:

Each intending member of the co-operative is expected to a one-time non-refundable fee of N5,000 (Five Thousand Naira Only) as membership fee, N5,000 Annual fee, N200 monthly sitting fee and monthly contribution, N5,000, N10,000, N20,000, N50,000 and above.

To apply for membership, pay the sum of N5,000 to Lashone Links Limited account number; 0023516675 in any Diamond Bank. Collect the form with your teller from the secretariat. Kindly execute the application form and submit by mail or in person with your duplicate teller to: