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Lagos Medical Cooperative Multi-purpose Society

Fostering members' economic strength and stability . . .


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Learn To Know

About Us

Lagos Medical Cooperative Multipurpose Society Limited is a registered cooperative society established in 2015 and based at the Lagos University Teaching Hospital (LUTH), Idi-Araba, Lagos.

The Society is made up primarily of medical professionals, including house officers, resident doctors, and medical officers, united by a common goal of promoting financial stability and mutual support among members.

We operate as a member-driven organization committed to improving the economic well-being of our members through structured savings, access to loans, and strategic investments.

Vision

Our Aspiration

To be a leading cooperative society that empowers medical professionals through sustainable financial solutions, innovation, and collective prosperity.

Mission

Our Actionable Focus

To promote the financial growth and economic stability of our members by providing accessible financial services, encouraging a strong savings culture, and supporting responsible investment opportunities.

Aim & Objectives

Our SMART Intents
  • Strengthen the economic capacity of members
  • Promote financial growth and long-term stability
  • Provide accessible loan facilities to members
  • Encourage regular savings and financial discipline
  • Engage in real estate and housing development projects
  • Facilitate the acquisition and distribution of land to members at minimal interest
  • Supply consumer and producer goods to members at affordable rates
  • Establish small and medium-scale business ventures for members’ benefit
  • Partner with organizations that align with the Society’s goals and objectives
Awesome Offerings

Our Services

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Meet Our Team

Our Team

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Dr. Racheal Babayomi

President

Dr. Racheal Babayomi is a seasoned Senior Registrar in Oral and Maxillofacial Surgery at the Lagos University Teaching Hospital (LUTH), with over ten years of dedicated clinical practice. Her surgical expertise spans the diagnosis and management of complex conditions affecting the mouth, jaws, face, and neck—areas where precision and compassion must go hand in hand.Read More . . .

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Dr. Damilola Adeyemo

General Secretary

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Dr. Victoria Ola

Treasurer

Dr. Ola Victoria is a seasoned Public Health Physician with over 15 years of professional experience in community health and primary care. She currently practices at Lagos University Teaching Hospital (LUTH), where she is actively involved in delivering patient-centered care and promoting public health initiatives. Read More . . .

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Ask Us, We Are Happy To Answer

Frequently Ask Questions

What is the eligibility criteria for membership?

Doctors employed in Lagos University Teaching Hospital are eligible to be members of this Cooperative. These include Residents, Medical Officers and House Officers.

Fill the membership form and submit. Your application would be reviewed and your status communicated to you via mail.

You can assess soft loans, regular loans or project loans as a member of the Cooperative. Soft loans are loans less than 500,000 provided your total savings is more than 500,000. Regular loans are capped at two times your total savings and Project loans are 3 times your total savings. Project loans are only granted following a good credit score on previous loans and it’s subject to approval based on previous records.

Simply walk to the Secretariat and purchase your desired items. Payment would be deducted from your subsequent contributions with minimal interest attached

Get In Touch

Contact Us

Please contact us through any of the channels below. Feel free to share your suggestions, opinions, complaints and ideas with us using our feedback form below.

Ground Floor RMO 1, Opposite School of Nursing, LUTH, Idi-Araba, Lagos.

+234 706 870 7277

http://www.

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