Built on Mutual Trust Since 2017
A cooperative born from a simple but powerful idea — that communities can finance themselves, together, without interest.
From Shared Frustration
to Lasting Solution
Ibadan (Boluwaji) Alliance Progressive Cooperative was established in 2017 out of a shared desire to create access to affordable and interest-free financial support for its members.
The founder recognized the challenges many individuals faced in obtaining loans without the burden of high interest rates, and envisioned a cooperative system built on mutual trust, support, and collective growth.
Driven by this vision, a group of like-minded friends came together and began contributing funds regularly. These pooled resources were then made available to members who needed loans — providing timely financial assistance without interest.
Over the years, the cooperative has continued to uphold its founding principles of unity, self-help, and financial empowerment, serving as a reliable source of support while promoting economic stability and community development.
7+
Years of Service
0%
Interest Rate
Milestones
2017
Cooperative founded by a close-knit group of friends in Ibadan
2018
First interest-free loans disbursed to qualifying members
2020
Rules and governance structure formally documented and adopted
2023
Membership expanded; digital record-keeping introduced
+
2025+
Platform launch for digital contributions and loan management
Our Core Values
Integrity
Every decision is made with full transparency and accountability to our members.
Purpose
Providing accessible, interest-free finance to empower each member financially.
Unity
We succeed together. The collective strength of our members is what makes us strong.
Self-Help
Communities thrive when members support one another without external dependency.