For cooperative societies
OnGocoop is a cloud-based platform that brings members, savings, share capital and loans together with a full double-entry accounting system. Every naira a member contributes or borrows is recorded, checked, approved by the right people and reflected in the books, and every loan can be protected by Credit Life cover that runs itself.
Free for cooperatives with up to 50 members.
Approval must come from a different officer than the one who captured the application.
Illustrative application
Who it is for
Modules available today
A full member record from application to exit.
Products your members already know, with rules enforced.
Member ownership, recorded correctly in equity.
Fair, consistent lending from application to final repayment.
Every covered loan is protected from the day it is paid out.
Members help themselves, and staff answer fewer calls.
Set up once, and it applies everywhere.
A complete double-entry accounting system that every cooperative transaction flows through.
How it works
Every change records who made it, when and why. A member cannot be approved by the officer who created the application. Activation issues the member number and opens compulsory savings.
Automated Credit Life
Lending to members is the biggest risk a cooperative takes with pooled money. OnGocoop builds Credit Life cover into the loan itself, so protection is never forgotten, never missed on a single loan and never left to paperwork.
Accounting integration
All postings go through one balancing engine. A transaction is refused unless debits equal credits, and the member's balance and the ledger are updated together in a single database transaction, so the two can never drift apart.
| Transaction | Debit | Credit |
|---|---|---|
| Savings deposit | Cash / Bank | Member savings (liability) |
| Savings withdrawal | Member savings (liability) | Cash / Bank |
| Share purchase | Cash / Bank | Member share capital (equity) |
| Share redemption | Member share capital (equity) | Cash / Bank |
| Loan disbursement | Loan principal receivable | Cash / Bank (net) + Credit Life premium payable |
| Loan repayment | Cash / Bank | Principal receivable + interest income |
| Credit Life premium remittance | Credit Life premium payable | Cash / Bank |
| Credit Life claim settlement | Cash / Bank | Principal receivable + interest income |
| Any reversal | The original lines, with debits and credits swapped; the original is kept | |
Governance & security
Member approvals and loan decisions must come from a different person than the one who captured them. Overriding a failed eligibility check requires a written reason.
210 permissions (15 modules × 14 actions) assigned through roles, so a teller, a loan officer and an auditor each see and do only what their job requires.
BVN, NIN and bank account numbers are encrypted in the database (AES-256) and masked on screen, except for staff explicitly allowed to view them.
Sensitive actions are recorded with the user, time and details. No screen can edit or delete an audit entry.
Savings and other corrections are reversed with an offsetting entry, so the history always shows what happened.
Uploads are limited to PDF and images, capped in size, renamed to random names and stored where they cannot run as code.
Passwords stored as bcrypt hashes, sessions that expire when idle, and security tokens on every cooperative form.
Credit Life premiums, cover and claims are handled by the system, not by memory. Every step needs the right permission and is recorded in the audit trail.
Every record carries its cooperative and branch, and queries are scoped to the signed-in cooperative.
Cloud platform
OnGocoop runs in the cloud and is operated by InsureOnGo. Your committee, staff and members sign in from anywhere, and the servers, updates and upkeep are our job, not yours.
On the roadmap
These capabilities already have their database design in place, so they extend the system rather than reshape it. They are not part of the current release, and we do not attach dates until they are scheduled with you.
Plans
Every plan runs in the cloud and includes the full suite, automated Credit Life and every control described above. Plans differ by membership size, branches and the level of support. Paid plans are quoted in Naira.
Entry · Up to 50 members
For new and small societies taking their records off paper.
Free
Growing · Up to 500 members
For established thrift, credit and staff cooperatives.
Monthly or annual subscription
Scaling · Up to 2,000 members
For large societies with several offices and a full-time team.
Annual subscription
Federation · 2,000+ members
For unions, federations and very large cooperatives.
Custom annual agreement
Getting started
Questions committees ask
Yes. After activating their portal account, members can view their savings, shares and loans, apply for a loan and upload documents.
Approval is refused if the approving officer is the one who captured the application. Overriding a failed eligibility check also requires a written reason, which is recorded.
Yes. Each loan product sets its amount and tenure limits, interest method, savings multiple, minimum membership period and number of guarantors.
It is reversed with an offsetting entry rather than deleted, so the member's statement and the ledger both show the correction.
Sensitive identifiers are encrypted in the database and masked on screen, access follows role permissions, and sensitive actions are recorded in an audit trail that cannot be edited.
Each loan product carries a Credit Life premium rate. When a loan is paid out, the premium is deducted and the cover is recorded on the loan automatically. If the borrower dies, recording their status as deceased opens a claim for the outstanding balance, and the insurer's payment clears the loan. The loss does not fall on the society's pooled funds, the member's savings or the guarantors.
A licensed insurer your cooperative chooses. OnGocoop automates the premiums, cover records, remittances and claims; the cover itself and claim decisions follow your insurer's policy terms.
Yes. Cooperatives with up to 50 members use the full cloud suite, including automated Credit Life, at no charge. When you grow past 50 members you move to a paid plan and keep all your data.
No. OnGocoop is fully cloud-based and operated by InsureOnGo. You only need a browser and an internet connection.
Yes. The cooperative name, logo and colour palette are set in configuration and apply to the staff app, the member portal and printed documents.
Talk to us
Book a demo for your committee to see a member join, contribute, apply for a loan and repay, with every step reflected in the books. We will then recommend the right plan, starting free for up to 50 members.
Need accounting for a company rather than a cooperative? See MoneyOnGo Accounting Suites →