Goods bought and sold on behalf of members, on flexible repayment terms.
The Business Committee (BUSCOM) buys goods on behalf of members — food items, household purchases, and larger-value goods — and resells them to members and non-members from SHESTCO and NAEC staff at a fair, disclosed mark-up, repaid over a term suited to the size of the purchase. This is a Murabaha-style (cost-plus sale) arrangement, not an interest-bearing loan.
Repayment terms by purchase size
Food items: not more than 3 months
Purchases ₦50,000–₦200,000: not more than 6 months
Purchases ₦250,000–₦300,000: not more than 9 months
Purchases above ₦350,000: not more than 12 months
Purchases above ₦1,000,000: not more than 18 months
This facility is available to members in good standing. Are you a non-member? Apply below. Already a member? Request it through the Member Portal instead.
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