- MICRO LOANS
These are small loans provided to our members and non-members as SME support loans which are not more than N20,000.00 only, and these loans are repaid on a daily basis. Our team of loan collection officers will visit each customer every day to collect the agreed repayment amount. Every member qualifies for this loan without collaterals. Terms and Conditions Apply.
Who Can Apply
Small business owners (Traders) with physical locations (Point of sales) looking for small loans to do quick buying and selling: – plantain sellers(bole), pepper and tomatoes sellers, food stuffs, food sellers, hair dressers, fish sellers, fruit sellers, vegetable sellers etc.
Requirements
- Most be a Member of Liberty Matrix with a Minium of 3 referrals
- Open account with our cooperative. (Optional for Micro loan applicants)
- Must have a business and a physical location (shop)
- Be willing to accept our support and pay on a daily basis
- Provide a Valid Means of Identification and Passport Photograph.
- MEDIUM LOANS
Small Businesses needing N50,000 but not more than N500,000 fall under this class as Medium and required to repay their loans on a weekly or monthly basis. Terms and Conditions Apply.
Who Can Apply
Business owners (Traders) with physical locations (Point of sales) looking for loans to do quick buying and selling.
Requirements
- Most be a Member of Liberty Matrix with a Minium of 3 referrals
- Active for 6 months
- Must have a business and a physical location (shop).
- Be willing to accept our support and pay on a weekly or monthly basis.
- Provide a Valid Means of Identification and Passport Photograph.
- BUSINESS LOANS
Businesses needing N500,000 but not more than N5,000,000 fall under this class as Business Loan and required to repay their loans on a monthly basis. Terms and Conditions Apply.
Who Can Apply
Business owners (Traders) with physical locations (Point of sales) looking for loans to do buying and selling.
Requirements
- Most be a Member of Liberty Matrix with a Minium of 3 referrals
- Active for 6 months and at least level 3 on the liberty matrix
- Must have a business and a physical location (shop).
- Deposit 6% equity contribution into his or her account with the cooperative.
- Be willing to accept our support and pay on a weekly or monthly basis.
- Provide a Valid Means of Identification and Passport Photograph.
- Must have a business plan.
- CONSUMER CREDIT LINE (BUY NOW AND PAY LATER)
At our cooperative we understand the needs of our members and have made consumer loan arrangement with some of our financial partners to provide credit facility with single digit interest to our active members. At the rate between 3% to 9% our members can buy food items, Home appliances, Office equipment’s etc. We shall also take advantage of manufacturers financing i.e buy now and pay later schemes especially for house hold items or equipment of significant values. Terms and Conditions Apply.
Requirements
- Must be an active member of Liberty Hub MPCS Ltd
- With no outstanding or running credit.
- Not standing as a guarantor for any other member who is yet to pay up
- Provide two (2) guarantors both must be members of the Liberty Hub MPCS Ltd.

- RENT FINANCE
Ensuring that our members at all times have roof over their head and are proud to be a part of Liberty Hub, we help our members to pay their home or office rent on demand when they are limited at the time their rent is due. Repayment period is usually six months (6) or less. Members must be active and demonstrate that they have means of paying back. Terms and Conditions Apply.
- EDUCATION FINANCE
At Liberty Hub the interest of our members and their dependants are our utmost and education finance loan are to support active members take care of school/tuition fees for their dependants or personal studies, training and career development. We pay directly to the intended school/institution’s Bank Account and tenor/conditions and repayment of the loan will be as agreed. Non-members can access our education finance loan on two conditions: 1. Beneficiary must the loan must be referred and guaranteed by an active member of the cooperative. 2. Subject to availability of fund. Terms and Conditions Apply.
- SALARY ADVANCE
OUR Members and Non-members who have financial needs before salary-day can take advantage of our salary advance opportunity. Members pay back at the end of the month or with 30 days from date of collection with single digit interest. Any non-member that wants to take our salary advance must be guaranteed by two (2) active members of our cooperative. Terms and Conditions Apply.
- PERSONAL LOAN
This is loan given to members for personal use to meet financial obligations. The unique feature of this loan product is the flexibility of borrowing up to 300% of own compulsory savings with the cooperative and the loan is usually guaranteed by the member’s savings and eligible guarantors’ savings. Proceeds of this loan may be used for car purchase, land acquisition, house buying, school fees, rental bills etc. Terms and Conditions Apply.
Interest rate varies per tenure of loan:
- 3 months – 5.0%
- 6 months – 7.5%
- 12 months – 10%
- EMERGENCY LOAN
This is an emergency loan to cater for exigencies. The tenure for this loan type is 3 months and the maximum loan amount is 30% of member’s compulsory savings balance. Repayment is a bullet-repayment with and a flat rate of 5%. Terms and Conditions Apply.
- MORTGAGE LOAN
Mortgage loans are currently for properties under the management and sales portfolio of the cooperative. A contributor is eligible to access a maximum loan amount of =N=15 million repayable over a maximum period of 10 years at an affordable interest rate of 7.5%. The loan tenor which is a maximum of 10 years is subject to member’s age not exceeding 60 years. This means that a member who is already 50 years cannot access more than 5 years’ mortgage loan tenor. Members will be required to make equity contributions of 30%, 20% or 10% as the case may be. The loan amount is determined by the applicant’s affordability. This entails his/her income level that will enable repayment of the loan. Terms and Conditions Apply.
Documents required to process a loan include:
- Completed application form.
- Three years’ tax clearance certificate
- Copy of pay slips for the previous three months (employees only)
- GROUP PURCHASE
At Liberty Hub, we understand the everyday living cost and expenses our members expend which affect their financial success and freedom. Our goal is to see that we are a part of our members’ individual life. We operate an ‘ only members’ food and daily needs supply, from our warehouse as food hub of the nation a variety of food items and daily needs products at discounts prices for members. Members have access to food supply at discount prices and can pay later as long as they are active members. Because we buy from farmers at farm and have bulk purchasing power with several manufacturers we buy with discount or reduced rates. This group-buying system will see our member access food and products at discount and help them save more and eat healthy. Terms and Conditions Apply.