Enterprise operating software for cooperative societies
Equip your cooperative with dedicated member accounts, non-interest financing, bulk group buying power, and direct access to institutional bank capital. Every transaction recorded, every officer action logged.
Capital Operations & Ledger
Whether your cooperative operates as an autonomous digital institution with dedicated member account numbers or relies on branch meetings, cash desks, and monthly workplace payroll deductions, rafiqHQ reconciles every naira automatically.
In Autonomous Financial mode, each verified member receives a dedicated NUBAN. Bank transfers into it credit their personal wallet instantly, from which they can allocate funds to any cooperative account—savings, share capital, project pools, or financing repayments.
Personal Wallet (Available Cash)
₦350,000.00Dedicated NUBAN 9012345678
Cooperative Allocations
In Operations & Ledger mode, the society keeps its own bank account. Officers post cash at meetings with instant SMS receipts and printable passbook sheets. Members don't need a smartphone.
Staff and corporate cooperatives can map member employee IDs, export monthly deduction schedules to payroll departments, and reconcile bulk salary remittances in one click.
Financing & Investment Infrastructure
Move beyond manual spreadsheets. rafiqHQ provides your credit committee and Sharia advisors with automated, legally binding workflows for trade financing and capital projects—enforced before any money leaves treasury.
Enable your cooperative to float capital project syndicates. Members pool capital as investors (Rab al-Mal) while the society manages the venture (Mudarib), sharing realised returns transparently at contractual percentage ratios.
Agro-Processing Equipment Syndicate
Target Pool Capital
₦15,000,000The society procures tools, vehicles, or equipment directly from verified suppliers and sells to members at a stated cost-plus markup. 0% interest, no penalty charges, with sequential credit, audit, and Ethics Advisor sign-off.
Administer zero-fee benevolent relief loans (Qard al-Hasan) backed by member guarantors, or set up rotating thrift circles with automated collection and payout schedules.
Cooperative Commerce Engine
Buy together at wholesale prices. rafiqHQ lets cooperative administrators schedule collective purchasing campaigns for foodstuffs, agricultural inputs, and clean energy directly from vetted manufacturers.
Start a bulk buying drive for seasonal essentials. Members pledge orders from their wallets, pooling demand to unlock wholesale prices. Payments disburse to verified vendors only upon depot delivery.
50kg Parboiled Rice Bulk Drive
412 of 500 units pledged (82%)
Member Collection Pass
DRV-2026-88A
QR Pass issued upon order confirmation
Each order generates a verified digital QR pass. Field officers scan passes at society depots to confirm collection instantly, preventing paperwork errors and duplicate pickups.
Onboard regional manufacturers and merchants directly. Compare quotes, inspect trade credentials, and process supplier bank disbursements through Paystack transfer rails.
Governance & Regulatory Compliance
Eliminate end-of-year audit friction. rafiqHQ automates your annual net surplus dividend calculations, logs tamper-proof AGM resolutions, and prepares statutory return packages for regulatory compliance.
At the end of your financial year, after audit sign-off, rafiqHQ calculates each member's exact dividend based on their capital contribution ratio (shares and savings relative to total society capital), executing payouts in a single atomic transaction.
Total Society Distributable Surplus
₦4,850,000Certified under AGM Res. #2026-04
Maintain tamper-proof digital logs of AGM, Executive Board, and Ethics Committee resolutions, attendee registers, and officer sign-offs ready for internal and external audits.
Generate double-entry ledger exports and statutory annual return packages formatted to meet the requirements of your State Directorate of Cooperative Services.
Capital Access, Grants & Institutional Underwriting
Commercial banks, non-interest institutions, and development grant-makers have capital to deploy; cooperatives have productive members. rafiqHQ bridges the gap with verified health signals, zero ghost beneficiaries, and sovereign data consent.
Eliminate self-reported claims, ghost cooperatives, and manual paper audits. Institutional credit desks and donor evaluators inspect live portfolio health synthesized directly from double-entry ledgers: verified membership, audited financial accounts, and real-time Portfolio at Risk (PAR) arrears bands.
Audited Financial Status
Certified FY2025 (ICAN Audited)
Portfolio at Risk (Arrears Band)
Asset Financing / Murabaha (Tractor & Mechanization Line)• Matching Grant
Zero ghost beneficiaries. Multilateral donors disburse non-repayable matching grants and processing equipment tied to verified passbook milestones.
Funders submit facility or grant proposals; cooperatives reply with board resolutions, propose modified seasonal cycles or margins, and attach term sheets with zero paperwork friction.
Designed for bank credit risk departments and automated underwriting algorithms. Direct integration with Finacle, Temenos T24, BankOne, and Rubikon via scoped API keys with SHA-256 cryptographic hashing.
Loan software usually starts by asking for an interest rate. rafiqHQ never does: each product is built on a non-interest model, and its rules are enforced before any money moves.
A conventional loan:An interest rate that runs for as long as the loan does.
On rafiqHQ:Asset financing at a cost-plus price, fixed when the request is made. There is no interest rate anywhere.
A conventional loan:Penalty interest or a late fee on top of what is owed.
On rafiqHQ:No late-payment charge. The member still owes what was agreed, and nothing more.
A conventional loan:Another loan, at interest.
On rafiqHQ:Interest-free relief (Qard al-Hasan), backed by member guarantors. The member repays only what they borrowed.
A conventional loan:A credit decision.
On rafiqHQ:Asset financing moves only after officer vetting, internal audit and your Ethics Advisor’s sign-off, in that order.
A conventional loan:Fixed deposit interest or speculative yields that guarantee return regardless of venture outcome.
On rafiqHQ:Mudarabah syndicate tools where your cooperative shares realised business profit with members at pre-agreed contractual ratios.
A conventional loan:Retained as financial institution profit or paid out to external shareholders.
On rafiqHQ:Surplus distribution engine that allocates your society's net surplus back to members based on their capital contribution.
What cooperative officers, trustees and members ask before they move onto rafiqHQ.
No interest, one double-entry ledger, and an audited record every member can verify.