Pay And Loan Access Multipurpose Cooperative Society Limited (PALA) is a goal-driven organization uniting professionals, entrepreneurs, and small business owners. As a registered non-profit cooperative, we utilize profits to pay dividends, reinvest, and drive mutual growth. Our guiding philosophy encourages members to Save, Earn, And Grow With Us through collaborative efforts.

Pay And Loan Access Multipurpose Cooperative Society Limited (PALA) is a goal-driven organization uniting professionals, entrepreneurs, and small business owners. As a registered non-profit cooperative, we utilize profits to pay dividends, reinvest, and drive mutual growth. Our guiding philosophy encourages members to Save, Earn, And Grow With Us through collaborative efforts. Pay And Loan Access Multipurpose Cooperative Society Limited (PALA), a cooperative society that was duly formed and registered under the Cooperative Society Regulatory Act of the Federal Republic of Nigeria in 2018, immediately commenced its business activities but got its massive growth in membership and business operations in 2021. Our business operations are driven by our diverse range of Products and Services. Pay And Loan Access Multipurpose Cooperative Society Limited(PALA) is more than just a financial institution; it's a self-help organization that thrives on the collective strength of its diverse range of Products and Services. Pay And Loan Access Multipurpose Cooperative Society Limited(PALA) is more than just a financial institution; it's a self-help organization that thrives on the collective strength of its diverse membership. We bring together professionals and entrepreneurs with a common vision, pooling our resources for financial intermediation and investment opportunities that spell mutual benefits for all it's members. PALAis owned by a dedicated group of members known as the PALAStakeholders Group. Our operations are overseen by a team of professionals with well vast expertise in business and finance, whom form the PALA National Business Management Board Of Trustees (PNBMBT)The PALANational Business Management Board Of Trustees is entrusted with the day-to-day management of our cooperative society, including businesses and financial affairs. They serve as the decisionmaking body within the organization, ensuring that our operations runs smoothly and effectively to serve the best interests of our members. On this Note We invite you to explore the opportunities and benefits that PALAoffers, as we continue to strive for excellence in supporting our members and contributing to the prosperity of our Society. The Pala National Business Management Board of Trustees is made up of the following: THE GLOBALCHAIRMAN/GMD The Appointed National President. The Appointed National Vice President. The Appointed National Financial Secretary. The Appointed National Treasurer. The Appointed National Chief Executive Director For Pala Trust On ICT. The Appointed National Chief Executive Director For Pala Trust On Marketing, Media and Publicity. The Appointed National Chief Executive Director For PALATrust On Procurement and Logistic. The Appointed National Chief Executive Director For Pala Trust On Corporate Communications and Official Matters. The Appointed National Chief Executive Director For Pala Trust On Administration. The Appointed National Chief Executive Director For Pala Trust On Cooperative Business Affairs, Development and General Operations. The Appointed National Chief Executive Director For Pala Trust On Accounts, Contributions and General Financial Management. The Appointed National Chief Executive Director For Pala Trust On Business Planning Strategy and Budget. The Appointed National Chief Executive Director for Pala Trust on Selection, Appointment, Employment and Performance review. The Appointed National Chief Executive Advisors For Pala Trust On Different Business/Investments of Pala  Trust.

Please Note: The Pala Trust Stakeholders Group Members are considered as the main owners of the cooperative business nationwide. They are made up of different classes of people, spread within and outside the shores of the Country.

A. The First Category Of Members:The First Category Of Members: Are the “PALA Trust Stakeholders Group”.This group of members are the main owners of the cooperative business nationwide. These set of members are also considered as the financial strength of the cooperative organization. They share both the Cooperative Surplus (Profit), Assets and Losses based on their individual percentages in the organization shares. Base on the various business owned by the cooperative,The PALATrust Stakeholders Group Members are projected to earn aminimum of 25% (Percent) dividend returned annually based on their individual shares in the cooperatives. In some cases when business are good, during the year and surplus (Profit) are much, these group members earn dividends return far more than the above mentioned 25% (Percent) annually.

B. The Second Category Of Members In PALA Trust:Are known as “The PALA Trust ordinary members or consumers”. They are spread within and outside the country. These members do not have shares with the cooperative organization in any way. They operate within PALA Trust policy that governs the products and services they bought into. They are meant to abide by the rules and regulations of the cooperative products and services. They can only attend seminars to enable them to know more about the cooperative, products and services. They are not meant to attend PALA Trust midyear or annual general meetings.

Achieve Smooth Business Growth and Success,PALATrust operate on five(5)different business models which are:

A): Business –T– Business Model (BTB): When the Dealings or Transactions take place between PALA Trust and other companies/business directly then this Business Model is known and referred to as Business – T – (BTB).
B): Business –T- Consumer Model (BTC): When the Dealings or Transactions takes place between PALA Trust directly to the consumer of the PALA Trust products or services, this is known and referred to as the Business – T – Consumer (BTC) Business Model.
C). Package Subscription – Based Business Model: This type of business model allows PALA Trust to earn regular income on daily, weekly, monthly or yearly basis by giving its client the opportunity to pay for the cost of the purchase of a particular products or services together with an added interest spread across an agreed period of time for complete payment, rather than them asking them to pay the wholesome amount in one go.
D. The PALA Trust Cooperative Standard Business Model: Where members are owners of the cooperative as they subscribe to the different products and services of the cooperative and also pay their monthly dues.
E. The PALA Trust Cooperative MLM (Multi – Level Marketing) Network Business Model: Where members participate in promotional activities for the cooperative and get rewarded based on PALA Trust Marketing Compensation Plan.

Members are allowed to make their choice on the sections they wish to be part of as long as they remain members of the cooperative.

1. Ownership and Dividend Distribution; Members of the PALA Trust Stakeholders Group are the proprietors of the cooperative organization, holding either individuals or groups shares within it. Consequently, each members is entitled to receive dividends from the cooperative surplus (profits) at the conclusion of every calendar year, following the cooperative's annual general meeting. Distribution of Surplus Profits Annually, any surplus profits generated by the cooperative organization throughout the year are distributed among all Stakeholders Group Members accordingly. Each member is guaranteed a minimum dividend of 25% of their share value in the cooperative for the preceding 12 months, In cases of prosperous business operations resulting in substantial surplus profits, members often receive dividends exceeding the baseline 25%.Access to Low-Interest Loans PALA Trust Stakeholders Group Members are eligible to borrow at a minimum interest rate of 2.5% whenever the need arises for business financing. However to qualify for this privilege, members must maintain active status for a minimum of four months or more.

2. Flexible Loan Options: Members of the PALA Trust Stakeholders Group can obtain business loans up to three times the amount they initially invested in the cooperative organization as capital for purchasing shares, with or without collateral.

3. Business and Project Financing Stakeholders: within the PALA Trust community have convenient access to legitimate business and project financing options, offering competitive low-interest rates, subject to approval by the executive board management team.

4. Asset Financing: PALA Trust Stakeholders Group Members can easily secure financing for various assets such as home furniture, office equipments, vehicles, tricycles, heavy-duty equipment, etc., within their country of residence, based on agreed-upon interest rates.

5. Referral Bonus Scheme: As a PALA Trust member, you can earn an instant one-time Cooperative Bonus Payment of 3% for every individual you refer who purchases PALA Trust shares, calculated based on the amount invested by the referred person.

Participation in Monthly Stakeholders Meeting: All PALA Trust Stakeholders are afforded the opportunity to attend monthly national stakeholders meetings, typically conducted online via platforms like Google Meet, Zoom , occasionally supplemented with offline gatherings at approved locations nationwide.

Financial Support Benefit: The cooperative organization provides financial support to active stakeholder group members in various life events such as the loss of biological parents, marriage or marriage anniversary celebrations and marriage ceremonies of their children. For each events the members must give a minimum of 30-day notice to the organization and adhere to approved invitation requirements. In the event of the member's ganization extends support to the member's family, including financial assistance and an official directors, with the family also required to provide a 30-day notice to the organization.

1. Members under this category are allowed to benefit from all the benefits that are attached to each of the Cooperative Products and Services that they must have register into and purchase.
2. Members under this category are allowed to borrow for as low as 3.5% (Percent) interest (flat) whenever the need for them to obtain a loan for their individual business arises. But must be an active member for at least a minimum of Four (4) (120 Days) and above.
3. Members under this category have access to request and get “Business And Project Financing” Loan with competitive low interest rate (with or without collateral) from the cooperative organization as long as it's within what the executive board management team members can approve.
4. Members under this category can gain access to home furnitures, office equipments/furnitures, vehicle, Tricycle, Heavy-duty Equipment, etc, financing within the country of residence as agreed interest rate.

First and foremost you must understand that cooperative Organizations Share are similar but not the same as share capital in a company.In a company, a member is any person who holds shares. Voting control of the company is generally proportional to the number of shares held. But in the case of a cooperative with share capital, members may be required to hold shares as part of their membership, but voting control is linked to membership and not to the number of shares held.
PALA TRUST Shares is only available to anyone that is interested to be part of the PALA Trust Stakeholders Group.
In PALA Trust members share capital represents individuals PALA Trust Stakeholders Group membership commitment to the cooperative form of business. It also identifies the individual member's financial strike in the cooperative. It is withdrawn only when the member leaves the cooperative organization and in not less than 36 months.

PALA Trust Stakeholders Group Members Shares are currently placed on ? 2.5K (Naira) Per One (1) Share Unit.

PALA Trust Stakeholders Group Members are not allowed to purchase below 100,000 Units of Shares.

PALA Trust Stakeholders Group Members must pay the sum of ? 18,600 as Mandatory Admission, Processing, Activation and Insurance Fee.

Please Note: The above minimum Share Units to be purchased by members and the Mandatory Admission, Processing, Activation and Insurance Fee are strictly for the year 2024 and they are all subject to upwards review in every new calendar year.