About Us
Sheraton Lagos Hotel Staff Cooperative Multipurpose Society Limited
Welcome to a member-focused cooperative society dedicated to improving the financial and social well-being of staff through collective effort, mutual support, and responsible financial services. Established in February 1991 by Chief Cornelius Edewusi, then Assistant Paymaster, the Society was founded with a vision to create a reliable platform where staff members could save regularly, access financial assistance, and enjoy the benefits of cooperative ownership. This vision became a reality when the Society was officially inaugurated by the on 18th September 1992. Over the years, the Cooperative has grown into a trusted institution that promotes financial empowerment, thrift, and economic stability among its members. By embracing the principles of unity, transparency, accountability, and shared prosperity, we continue to provide opportunities that improve the quality of life for our members and their families. At Sheraton Lagos Hotel Staff Cooperative Multipurpose Society Limited, we believe that together we achieve more. Our commitment remains centered on empowering members through sustainable cooperative services, fostering financial independence, and building a stronger future through cooperation.
What We Do
Sheraton Lagos Hotel Staff Cooperative Multipurpose Society Limited prides itself in providing quick turnaround loan/credit facilities to her members within shortest period of time. Simply put, we offer Sharp, Swift, Easy and Flexible Personal Loans.
We also offer saving and investment opportunities to her members.
Memberships
Membership is opened to all staff of Sheraton Lagos Hotel.
Administrators
It has over the years enjoyed good management from professional, efficient and transparent executive teams.
Core Values
Integrity : We uphold honesty, accountability, and transparency in all our dealings to maintain the trust of our members.
Social Responsibility : 2. Unity We believe in the strength of working together to achieve common goals and improve the welfare of every member.
Empowerment : We are committed to providing financial opportunities and support that help members achieve stability and growth.
Service : We strive to serve our members efficiently, responsibly, and with dedication to their needs.
Trust : We build lasting relationships through reliability, fairness, and mutual respect.
Growth : We promote continuous development and sustainable progress for our members and the cooperative society as a whole.
Cooperation : We embrace the cooperative spirit of collective responsibility and shared benefit for the good of all members.
Products
We have a range of products our members can subscribe to according to their financial strength.
SAVINGS PLAN
This plan is compulsory for all members, it helps us become financially secure and provide a safety net in case of an emergency.
PURCHASES
Essential commodities are being sold to members on quarterly basis at competitive wholesale price.
INVESTMENT
Funds are invested in various businesses that bring returns.
LOANS
Credit facility in form of loans are given to members at a very low interest rates. Types of Loan includes: Consumable Loan, Household Loan, Christmas Loan.
LAND
The scheme allows members to own plots of land & pay later through pre-agreed convenient repayments.