In line with best practice in cooperative savings, The following conditions are applicable for every lump sum contribution/monthly variation; A. Any upward variation that is up to or more than 100% of members contribution must be sustained for a period of at least four (4) months before the member can be eligible for loan B. Any member who contributes a lump sum amount that is up to or more that 100% of his/her monthly contribution must wait for a period of four (4) months before he or she will be eligible for loan Exclusion; Members who are repaying loans and had strategically reduced their contributions are excluded from Point A above. Regards, Lawrence.

Dear Cooperators, This is to bring to your notice that effective end of July 2018, all repayments for loans, consumables and salary advance shall be remitted directly by concerned cooperators to FOECOMS nominated account. Details of nominated account and monthly repayment amount shall be forwarded accordingly to concerned cooperators by the Financial Secretary, Etubom Michael Ebong. The Management Committee in its steer to serve the society better has reached this decision in order to ease the burden of fund repayment on our payroll system. Sequel to this, only the monthly contribution shall be deducted from members’ salaries through the payroll system. We sincerely hope this decision ...