Joining fee
Once · not refundable · not a share£10 or ₦10,000
Processed by VEKAT Group Ltd, the cooperative’s appointed manager, which runs registration and identity checks.
- Card · Apple Pay · Google Pay (Stripe)
- First Bank transfer (naira)
Your money
Two payments. Two places. Never a person.
Your joining fee pays for registration and identity checks. Your shares go only into the cooperative’s own bank accounts. Your member number is your payment reference, always.
Shares
Monthly · whenever you like₦1,000 per share, for everyone
Paid only to HomeBridge Cooperative Society Ltd. Every outgoing payment needs two signatures — one at home, one in the diaspora.
- UBA naira account
- US dollar domiciliary
- Pound sterling domiciliary
- No cash, never a person
- Pay only into the Society’s own accounts, shown on your Pay page. Bank details change only with two admins’ approval.
- Your member number is the reference
- That is how every payment is matched to you. Payments that can’t be matched wait in a suspense queue — nothing is credited until an officer matches it.
- Foreign currency
- Converted to naira at the bank rate on the day received. We record the original amount, currency, rate and naira value.
- Whole shares
- Shares are whole ₦1,000 units. Anything below ₦1,000 is held as credit and added to your next payment.
Where the money goes
Follow your share money
Pick an amount and see where every naira of share money lands — and how profit is shared after the yearly audit.
If you buy shares worth
- Into businesses75%₦15,000Released in stages, as milestones are met
- Reserve15%₦3,000For withdrawals and emergencies
- Running costs10%₦2,000Audit, members’ dashboard and the manager’s published fee
Each square is 1% of share money.
And when the businesses make a profit
Tap or hover a slice to see where it goes.
100%of yearly profit, after the audit
- 40%Shared with membersAs a dividend on shares, after the yearly audit and AGM approval
- 40%Kept to growAt least a quarter of all profit goes to the legal reserve fund; the rest funds new businesses
- 10%Education and trainingEnterprise, cooperation and financial literacy
- 10%Community developmentGiven to registered charities as members decide
Within agreed limits, part of the money for businesses may instead go into the long-term portfolio. Foreign currency is converted to naira at the bank rate on the day it is received.
How your money is protected
No single person can move money.
Every payment out of the Society has to clear every gate, and members can see every project, every month.
A payment requesthas to clear every gate before a naira moves
- Gate 1
No cash
Bank accounts in the Society’s name only. Suppliers are paid directly, never through a personal account.
- Gate 2
Two signatures
On every payment — one from home, one from the diaspora.
Home signer Diaspora signer - Gate 3
Spending limits
The bigger the payment, the more people must approve it.
Manager≤ ₦2mChair + Treas.≤ ₦20mFull Board> ₦20mMembers> ₦50m - Gate 4
Five checks first
Operator’s own money in, real customers, path to profit, clean papers, bank-only payments.
- Gate 5
Independent audit
Every year by an ICAN-registered auditor, sent to every member and checked by the Audit Committee.
- Gate 6
Monthly reports
Money in, money spent and progress on every project, on your dashboard.
Every approval is recorded — who, what and when — and kept for at least 7 years. Released to the business
Five checks before any money moves
- 1Owner’s own money in — the local operator puts in 10–20% of the cost.
- 2Real customers — signed buyers, orders or a working trial.
- 3A clear path to profit — breaking even within 2 years on a careful plan.
- 4Clean papers — land, lease and licences checked.
- 5Money control — bank payments only, with two signatures.
Projects over ₦50m also need a members’ vote at a general meeting.
Abroad and at home, we build together.
Register in about ten minutes on your phone. Officers review within 2 working days and message you on WhatsApp.