About us

What is BAMCOS ?

how it works

BAMCOS (a community-based industrial cottage arm of LITEC TEAP VENTURES) is an acronym for BON-AVILLE MULTI-PURPOSE COOPERATIVE SOCIETY LTD ; its a grass-root or community-based Multipurpose Cooperative Society designed to assist its highly esteemed members within a defined geographical location.

Bon-Aville Multi-Purpose Cooperative Society Ltd (BAMCOS), is a renown grassroots industrial development initiative focused on poverty alleviation and economic empowerment.

The organization operates through industrial cottage projects designed to provide employment and sustainable income for members. .

Duly registered members are formed into a group with a maximum of 10 persons per group. Once a month (Last Saturdays of each month), all BAMCOS members nation-wide converges at various meeting centers nearest to them (or in their neighborhood) to get information from the Cooperative's headquarters on new trends, update, training programmes (upcoming), policy programmes amendments, rewards and or awards, corporate project reports, payments and or disbursements, etc beside general observations and suggestions from various meeting centers across the six geopolitical zones, 36 states and local government areas of Nigeria.

Condition for Benefits

Attendance of meetings, regular payment of monthly dues and define personal monthly savings by duly registered members is/are sacrosanct in considering individuals for any financial or service benefits.
Beside the regular monthly savings of any amount at members convenience (advised not to be less than N2,000 a month), members who are interested in BAMCOS annual housing scheme project, are expected to keep an additional minimum monthly savings of N20,000 with BAMCOS without fail for a period of 12 months without initiating a withdrawal.

On meeting days, those who have difficulty in making direct cash transfer to BAMCOS authorized account (s) digitally, are manually assisted , saving deposits are collected /recorded, receipted and membership cards marked as will be necessary.

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HOW TO BECOME A MEMBER

To become a full fledged member of BAMCOS and its affiliate programmes, you MUST:

Pay a one-off, non refundable membership registration fee of Two thousand, Five Hundred naira (N2,500) only.

Note : The New members, one-time, non-refundable membership fee of ₦2,500 is subject to review during member's quarterly review meetings , held each year.

After Registering what Next ?

Begin your monthly due of two thousand naira (N2,000) only as a stakeholder (Bamcos Investment member - BIM if you so choose) and start your personal savings of any amount you know you can afford.
Prepare to go through the BAMCOS-INTERWEAVE SOLUTIONS USA/ NIGERIA offline ACCELERATED TRAINING PROGRAMME for a duration of one week ( as against 12 weeks). Training is FREE for all BÀMCOS members (they however pay N3k for their certification). Please watchout for the upcoming training dates and venue nearest to your location on this platform.
Those outside Abuja who wants to be trained after paying their membership fee should private chart me .
You can either be physically trained (at your location/state) Or trained via our already established and accredited USA online training platform to which you will be connected . IT IS FREE of charge for all registered members. ( You however also pay N3k for your Certification release)
At the end of the first batch of training above, ( whether offline or online) you will be given or issued the Interweave Solutions ' MBS (Master of Business in the Street) certificate. This certificates gives trainees possible access to personal loan/ grant in the future from Interweave pool of funds. They also have the chance of benefiting from the Interweave CORPORATE BAMCOS project.
All who had successfully completed the training in (5) Above, will be asked to chose a cottage of utmost interest from our list of present (7) BÀMCOS cottages.
Those with similar interests will be grouped into a defined cottage ( max. of 5 Bamcos members per cottage)
The group selected or identified in (7) above, shall thereafter undergo a three day (PHYSICAL) bootcamp; at a venue ,time and its related logistics to be determined.
At the end of the above bootcamp, paper work and necessary documentations will be sealed as would be necessary and their cottages setup
All cottages are given up to a max. of 2 years moratorium period to be self sustaining under the watch and supervisions of BÀMCOS consultants. (by the minute supervision)
During the cottage moratorium period, the project financiers shall be responsible for workers monthly salaries, allowances and or stipends. All the workforce on the cottage must and would be BAMCOS accredited members