welcome to
Rainy Day Cooperative Society
Rainy Day Cooperative Society was founded with the primary aim of ensuring members of the society have a community to save in USD and invest in other durable enterprises.
about us building tomorrow today
Rainy Day Cooperative Society was founded with the primary aim of ensuring members of the society have a community to save in USD and invest in other durable enterprises.
It was registered by the Lagos State Cooperatives Federation And inaugurated in November 2023
Membership is voluntary and there are perks for invitations and member bonuses
Why don't you join us Member Benefits
Savings
We save together in USD to preserve the value of money. We collectively research and implement the best ways to generate a decent long term. Are you looking for a community to preserve wealth for the rainyday, while focusing on your main hustle?
Frequently asked questions questions & answers
Anyone who has an income and wishes to save for the rainy days
By simply registering via https://portal.rainydaycoop.com/account/auth/register and confirm membership by paying a one time membership registration fee of $50 equivalent in naira.
Yes, you get 20 USD For every single referral
Discounted Consultation with professionals who are members of the group, discounts on sales.
Direct access to deals brokered for the community
Direct Access to invest in stable businesses and durable assets that have been collectively evaluated by the community.
Collaboration with other prudent, business minded professionals
The earliest withdrawal is 5 years after your first savings to enjoy the full interest.
You can withdraw all your USD savings before 5 years, you get the total of your principal only.
Yes, you can withdraw partially. The next interest will be paid on the balance.
We source for good properties and co-own with the benefit of receiving returns until your acquired shares of the property are sold out by you to other members of the cooperative. You earn dividends on the profit(surplus) from businesses conducted by the cooperative, as agreed by the members.
No, we are for savings, investment and enterprise. No lending
All our savings are managed in bulk by major investment banks, licensed by Securities and Exchange Commission (Nigeria)
The savings are converted to USD immediately, and invested wholesale by our partner investment bank in bulk at a higher interest in stable instruments like eurobonds than doing so individually.
We currently do not have a minimum, but you must save monthly.
RainydayCoop as a cooperative it's owned and managed by members, so all decisions are made for the good of the members. We are democratic and transparent about everything we do, unlike fintech apps that management is different and answerable to customers.
You can transfer naira into your own named account with the cooperative and it is converted to USD at the rate of the day.
Not at the time, We currently accept NGN only for ease of collection via your named personal account with Rainyday Coop.
This is a monthly savings towards providing financial support towards the children’s tuition. The payout is done in the form of tuition payment directly to the selected educational institution in the selected currency.
This is long-term funding towards the members’ retirement plan. The payout is done upon attaining a qualifying age.
Inside your personal Rainyday dashboard, you can select the percentage split between Troway and My Pikin. You can adjust your selection anytime.
No, you generate an account number from your Rainyday dashboard after fully registering. All your savings must come through that account number, for easy reconciliation and compliance.
our smart people meet the team
Ruqayah Okunola Treasurer
building tomorrow today
save & invest ahead for
rainy days
in USD
Are you looking for a community to preserve wealth for the rainyday, while focusing on your main hustle?
about us
Rainy Day Cooperative Society was founded with the primary aim of ensuring members of the society have a community to save in USD and invest in other durable enterprises.
contact us
- Lagos, Nigeria
- contact@rainydaycoop.com
- 4, Alhaja Badmus Street Off Isheri Road Omole Lagos State