Welcome to Vastovers Invest Cooperative Society. These Contributor Terms and Conditions govern your membership, deposits, interest yields, and wallet withdrawal requests in the standalone Cooperative Partners dashboard program.
Membership registration requires verifying valid government identity documents, current contact details, bank accounts, and complete address profiles. All registered accounts undergo formal audits. Once approved, the member dashboard is fully activated.
Savings contributions have a minimum threshold of NGN 5,000. Deposits can be made online via Paystack widget verification or manually by uploading official bank transfer receipts. Approved savings contributions immediately form fixed capital investment contracts.
Capital programs yield daily compounding interest calculated at the default return rate (120% APY). Principal sums are locked for a contract term of one (1) year. On maturity, the principal investment capital automatically refunds directly to the partner's virtual wallet balance.
Virtual wallet balances hold accumulated interest yields, direct referral rewards, and matured capital. Withdrawal requests can be made from a minimum of NGN 1,000 from the interest yield wallet or matured capital wallet.
Payout requests are immediately debited from the member's wallet balance and queued. Administration and finance departments review and approve queued payouts to member bank accounts.
Members receive a direct 5% referral commission bonus from active savings capital deposits completed by direct referrals using their referral link. Referral commission yields credit the referrer's wallet balance instantly.