Emerald Students’ MPCS: How it Works

Emerald Students’ MPCS works as follows:

1. Walk into our head office at No. 1, NDU road, by Main Campus Gate, Beside Redeem Christian Fellowship (RCF), Wilberforce Island (Amassoma), Bayelsa State.

2. Get a membership registration card and form with the sum of N500. The officer in charge takes all your details for full registration at this point.

3. Submit two passport photographs to be appended to your registration form

4. Make your commencement contributions/deposits. Emerald deposits are not timed like other cooperatives. Rather, you deposit as funds comes in. This is because it is students oriented unlike other cooperatives which deals mainly with workers. So, you deposit as funds get to you.

5. If you are saving for your school fees, we pay up the fees immediately you complete the saving target.

6. You have an option to take loans after saving for 2 months. You can take up to 300% of your savings to pay up your school fees. This means if you can save up to N50,000, you are qualified to get N150,000 for school fees.

7. Emerald does not give out cash for school fees. Rather, it pays to the University through its A & U Ng Smart Staff via your online school profile. You only have to get a school fees receipt and not cash.

8. Loan interest rate is 5% monthly. This will be reviewed by the Emerald management as time unfolds.

9. All loans repayment are to be completed in 1 year.

10. Scholarships will be granted based on raffle draw from all member’s database

11. Promotions will also be carried out from time to time.

12. Proceeds from Emerald will also be used for students’ academic projects that are technology and research driven

14. Emerald does not share dividends to its members but scholarships based on raffle draw.

This information will be updated from time to time as more request comes in.

For support, call 08060699054