Savings
A fixed amount leaves your salary each month and lands in your cooperative account — building a balance that earns dividends.
From ₦15,000 / month
IDL STAFF COOPERATIVE MULTIPURPOSE SOCIETY
Save together.
Grow step by step.
A member-owned cooperative for IDL staff. Contribute monthly from your payroll, borrow at fair rates, acquire household items interest-free, and share in the year-end surplus.
Store listings coming soon — tap Download above to get the app today
- 5,000+
- MEMBERS
- ₦2.1B
- UNDER MANAGEMENT
- 99.5%
- ON-TIME REPAYMENT
COOPERATIVE PASSBOOK
PF · IDL100…Total savings balance
₦4,118,500
▲ ₦35,000 added this cycle
Monthly contribution
₦35,000
Active loan · balance
₦318,200
Commodity plan
₦92,500
Last dividend paid
₦96,400
WHO WE ARE
A cooperative owned by the people it serves
The IDL Staff Cooperative Multipurpose Society is run by and for employees of Intercontinental Distillers Limited. Members pool their savings through monthly salary deductions, and that shared fund is lent back to members as affordable loans and interest-free commodity plans.
An elected committee governs the society under its by-laws, every decision is logged, and the surplus comes back to members as year-end dividends. No outside shareholders — just colleagues building financial security together.
2.5%
Flat monthly loan rate
0%
Interest on commodities
33%
Net-salary deduction cap
100%
Member-owned surplus
WHAT WE OFFER
Four ways your membership works for you
Every service draws on the same shared fund — the more the cooperative saves together, the more it can give back.
Loans
Borrow for personal, emergency or school needs at a fair flat rate, backed by two fellow members and repaid from payroll.
2.5% / month flat
Commodities
Take home TVs, fridges, phones and appliances and spread the cost over interest-free monthly instalments.
Interest-free instalments
Dividends & welfare
Share in the year-end surplus and lean on member-services support when life throws something unexpected.
Paid annually
THE PATH
From your first deduction to your dividend
Membership compounds. Each step builds on the last — which is exactly why our steps rise.
Step 1
Join
Sign up with your PF number and phone. Approval is quick and your account is ready the same day.
Step 2
Save monthly
Your chosen amount is deducted from payroll automatically and added to your balance.
Step 3
Borrow & buy
Apply for a loan or pick a commodity in the app, with repayments scheduled to stay affordable.
Step 4
Earn dividends
At year end, the surplus is shared back to members — your savings working for you.
The IDL globe — our emblem, and our promise: steady, compounding growth.
WHY MEMBERS STAY
Built for everyday financial confidence
No paperwork chase
Apply, track and manage everything from the member app or web portal.
Repayments you can feel
Deductions are capped at a third of net salary, so a loan never overwhelms a payslip.
Transparent and accountable
Every approval, posting and change is recorded in an immutable audit trail.
A safety net of colleagues
Guarantor-backed lending means members vouch for members — and look out for each other.
From a monthly habit to a real cushion
Members who started with ₦15,000 a month now hold balances that cover school fees, a new fridge, or an emergency — without a single trip to a commercial lender.
“The cooperative turned my salary into savings I never had the discipline to keep on my own.”
— PRODUCTION STAFF · 6 YEARS A MEMBER
Get the IDL Staff Cooperative app
Download the member app to manage your savings, loans and commodities from your phone. Available soon on iOS and Android.
Store listings coming soon — tap Download above to get the app today