Objectives of the Society
Paragon Benefits
We provide our members with access to credit facilities at fair and reasonable interest rates. These loans can be used for provident and productive purposes, ensuring that you have the financial support you need when you need it most.
We encourage our members to cultivate the habit of saving regularly. By saving at least once a month, members can build up funds for future use, creating a strong financial foundation for themselves and their families.
Paragon Cooperative stocks a variety of consumer and producer goods, as well as farm equipment, which are distributed to members and non-members alike, with priority given to our members. These goods are offered at fair and reasonable prices, ensuring that you get the best value for your money.
We offer our members the opportunity to pool their farmlands for large-scale arable and livestock farming. This collective effort allows for the cultivation of food and cash crops, as well as the rearing of livestock, including poultry, piggery, and fishery, contributing to food security and economic growth.
Our cooperative operates warehouses and cold storage facilities for the preservation of consumer and producer goods. These facilities are available for lease to interested parties, providing an additional source of income for our members.
Paragon Cooperative acquires land for sale or estate development to meet the housing needs of our members. We also invest in real estate and housing developments, offering members the opportunity to acquire property for personal or industrial use as a form of investment.
We are committed to exploring and investing in new ventures that benefit our members and society as a whole. These ventures include project financing, production, and other approved initiatives that promise economic returns.
Paragon Cooperative undertakes service businesses that cater to the primary needs of our members and patrons. These include petrol stations, warehousing, consultancy services, and more, all managed in the best interests of our members and the society.
We encourage members to make fixed deposits, from which we establish a fund for providing short-term loans. This initiative allows members to access quick financial assistance when needed, and also invest in rewarding ventures such as stocks and shares.
Paragon Cooperative raises capital through member shareholdings, which is then used for investment by the society. This allows members to participate in and benefit from the cooperative's investment activities.
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We carefully manage our financial portfolios by investing in stocks, guided by the decisions of our members. This strategic approach allows the society to become part owners of multinational companies, thereby increasing our collective wealth.
Paragon Cooperative seeks loans from banks, cooperative organizations, and other financial institutions at reasonable interest rates. These loans are used for industrial and housing development, benefiting our members through improved infrastructure and opportunities.
We secure wholesale mortgage facilities, either for on-lending to members or for housing development. These facilities are then let or sold on a mortgage basis, making home ownership more accessible to our members.
Paragon Cooperative is dedicated to enhancing the quality of life for our members by establishing recreational facilities such as hotels, restaurants, snack bars, amusement/entertainment centers, and supermarkets. These ventures provide leisure opportunities and additional income streams for the cooperative.
We actively engage in the organization and exhibition of locally made goods, cultural carnivals, and conferences. This not only promotes our rich cultural heritage but also supports local artisans and entrepreneurs.
Paragon Cooperative is involved in the importation and exportation of raw materials and finished goods, facilitating international trade and expanding the market for our members' products.
We offer consultancy services and engage in various economic and social activities as approved by our members. These services are designed to support the growth and development of both our members and the society at large.
Paragon Cooperative is committed to conducting all activities within the confines of the law. We engage in transactions that are deemed necessary to ensure the proper performance of our functions and the attainment of our objectives.