Project Overview: Daily Contribution is an age-long thrift and savings method of Africans, a process or subscription where a collector directly sells the service of different types of savings/ thrift solutions to a subscriber or user, otherwise known as the contributor. In Nigeria,it is known as 'adashe' in Hausa of the northern Nigeria, 'Ajo' in Yoruba of the western Nigeria and 'Isusu' in Ibo of the south-east and throughout the south-south Nigeria. It is popular amongst micro or petty traders and artisans mainly, who earn their income on daily basis and are also too busy,manning their trades that they may not easily find their way to the banks daily without constraints or cost. The Daily contribution Collector avails the user the constraint of his inability to do banking on daily basis and miss opportunities for prospective businesses .There were millions of daily contribution collectors scattered all over Nigeria before we applied for the patent. But there was no recognised system of articulating or coordinating the activities of these collectors (neither private nor government) . Hence, the rampart cases of fraudulent collectors in the system. In the light all of these, a patent was applied for and granted by the Design,Trade mark and patent department of the Federal Ministry of Commerce. In 2001: A patent was granted the concept known as Financial Support Contribution (FSC). In 2003: Microcredit Solutions Limited was incorporated as the implementing agency of FSC.

1. Certified Daily Contribution Collectors
Registry (CDCCR) Program
A strategic alliance tool for creating jobs
and internal revenue for States and Local
Government Areas in Nigeria.
R.P.14,111
Implementing Agency

2. Who we are:
• 2001: A patent was granted the concept
known as Financial Support Contribution
(FSC).
• 2003: Microcredit Solutions Limited was
incorporated as the implementing agency
of the concept.

3. The FSC Concept
• Financial Support Contribution is a thrift/savings
solution service designed to cultivate the savings
culture amongst individuals and create access to
start-up funds for micro-small and medium scale
enterprises (MSME).
• Before the patent, it was known traditionally in
Nigeria as Ajo’ in the west, Adashe’ in the
north, and Isusu in the southern Nigeria states.

4. The Untapped market
• We had millions of daily contribution
collectors scattered all over Nigeria before
the patent.
• But there was no recognised system of
articulating or coordinating the activities of
these collectors.
• Hence, the rampart cases of fraudulent
collectors in the system.

5. The Idea
• In the light all of these, a patent was
applied for and granted by the Design,
Trade mark and patent department of the
Federal Ministry of Commerce .
• The idea was to revamp and secure the
services of isusu, ajo’ and adashe as it
was popularly called.

6. Challenges
• This unique concept was not without its
own challenges, which explains why for a
long time nothing was known of the
concept.
• However, we have learnt the ropes over
time, through scaling many huddles in the
rough terrain of Nigeria’s financial market.

7. Prospects:
• The FSC concept is strategic to creating
jobs and generating internal revenue
through our newly designed model;
• 4-WIN ALLIANCE.
• The stake-holders of the 4-WIN
ALLIANCE are:

8. 4-WIN STAKE- HOLDERS
• MSL- Patent Owner/Implementing agency
• STATE / LGA –Funding
• BANKERS – Official Revenue Custodians
• OPERATORS – Contribution Collectors

9. How it works
• MSL : partners to provide the opportunity,
recruitment, training, certification,
supervision of the program.
• LGA: The Council will partner to provide
funding.
• BANKERS: will collect and keep all
revenues generated while paying a
compound interest to the pool of funds.

10. • OPERATORS: will be properly equipped unlike
previously, they will enjoy free marketing and
publicity, they will be trained to run a segmented
and uninterrupted market location, they will also
benefit from the BPI pool generated interest.
They will also sell all the 6 concepts patented
under the FSC model instead of 1.
• SUBSCRIBERS: They will enjoy a secured and
certified services brought directly to their
proximity to help them access start-up funds/thrift
or save monies daily.

11. The FSC Services
• Guaranteed Daily Support Contribution
GDSC (Type A & B)
• Weekly Support Contribution (WSC)
• Bi-Weekly Support Contribution (BWSC)
• Monthly Support Contribution (MSC)
• Bi-Monthly Support Contribution (BMSC)
• Certified Daily Contribution Collectors
Registry (CDCCR)

12. Guaranteed Daily Support
Contribution – Type A
• A subscriber of this type saves on daily
bases for 30/31 days and receives their
total contribution monthly minus a 3%
service charge.
• The subscriber may still wish to continue
the subscription daily for 90 days , 180
days, and 365 days respectively.

13. Guaranteed Daily support
Contribution – (Type B)
• This is the type where subscribers 1-12
will contribute a mutually agreed sum to
support or start up a new business. i.e.
• 12 subscribers who wish to contribute a
daily –type B of N2,000.00 will do as
follows: 2000 x 12 = 24000 x 31 days =
744,000.00 monthly will be paid to each of
the group members minus a 3% service
charge.

14. Weekly Support Contribution
(WSC)
• WSC is the type of contribution scheme of
any amount money N1-and above,
between 52 subscribers every week
throughout the 52 weeks of the year. The
analysis for this is as follows:
• N2,000 x 52 subs = 104,000.00.
• Each contributor is paid 104,000 minus
3% service charge weekly.

15. Bi-weekly Support Contribution
(BWSC)
• BWSC is the type contributed bi-weekly,
i.e. 26 contributors contributes for 26
alternate weeks in the year. It designed for
heavy contributors. This is also of any
amount of money between N1 and above.
i.e:
• 10,000.00 x 26 subs = 260,000.00. Each
person in this program is paid 260,000.00
every alternate week.

16. Monthly Support Contribution
(MSC)
• This is the type of contribution between 12
contributors, it’s drawn from the 12 months
in the year with income earners in mind.
It’s as follows:
• 20,000.00 x 12 participating member
contributors =240,000.00 This is
contributed monthly for each member of
the group.

17. Bi-Monthly Support Contribution
(BMSC)
• This type is between 6 contributors and it’s
contributed alternately amongst the
subscribers every two weeks and it’s
made for heavy users,
• 20,000.00 x 6months =120,000.00 will be
paid monthly each contributor.

18. Certified Daily Contribution
Collectors Registry (CDCCR)
• This is the central biometric registry and
database that articulates the activities and
records the details of daily contribution
collectors and their guarantors who are
usually land-owners in their segmented
areas of operation. The CDCCR licence to
operate a given market segment is sold as
a complete bundle of the FSC.

19. Revenue Projections
• The revenue projection for the project is
based on current status of the market for
these services as at present.
• We researched with the N50.00
denomination which is the lowest
subscription in the market for now.
• The study report is as follows:

20. N50.00 in GDSC type-A
Subscription
• A contributor subscribes for N50.00 for a
duration of 30 or 31 days.
• N50.00 x 30 days = N1,500.00.minus
service charges:
• Registration (Annually) = N50.00
• 3% or 1Day subscription = N50.00
• Bank pool interest (BPI) = 15.05 @ 1%
compound interest. Note that this can be
negotiated to constantly increase as the pool increases.

21. Accruals from the N50.00 GDSC
Type-A subscription
• Service charge N50.00 + N50.00 from
registration +15.05 as 1% BPI = N115.05
• Multiply this sum N115.05 by 100
subscribers = 115.05x100 = 11,505.00
• Let’s now assume that we have
registered 300 operators in a segmented
market area i.e. 11,505.00 x 300 =
3,451,500 .00 would be generated as
service charge monthly.

22. N500.00 in GDSC Type-B
Subscription (Mutual Capital)
• 1-12 Daily income earners teams up to
contribute the agreed sum of N500.00
daily for themselves. This is done usually
after due diligence check on each member
of the group to certify their capacity and
security. Each would provide one
guarantor and a next-of-kin for the records
that meets the stated criteria.

23. N500.00 in GDSC Type-B
Subscription (Mutual Capital)
• N500.00 x 12 = 6,000.00 x 31 days =
N186,000 will be paid monthly to each
member of the group. The contributions
are collected daily and are paid into the
BPI Account attract the minimum of 1% =
1,860.06 Now, our service charge
becomes 3% of N186,000 = 5,580,00 +
1,860.00 = 7,440.00 drawn from each
contributing member monthly i.e. 7,440.00
x 12 = 89,280.00

24. • Let’s now assume that our registered 300
operators in a segmented market area is to sell
this product to only 100 groups in one given
year.
• That will be amounting to:N89,280.00 x 100 =
8,928,000.00 as total revenue generated from
this type. Please also note this type is the most
lucrative and that we can triple this target. Plus
the cost subscription cards – not indicated

25. Weekly Support Contribution
subscription of N2,000.00
• N2,000.00 x 52 subs = N104,000.00
minus S/C of 3% = 3,120.00 weekly.
• N3,120.00 x 52 weeks = N162,240.00
• Let’s assume as always that our target
sales for this type is 100 different
subscriptions = 16,224,000.00 plus the
cost for subscription card @ N100.00
each = N520,000.00 + 16,224,000.00 =
16,744,000.00

26. Sales of operating License of
LGA’s
• This is under the CDCCR package, for the
essence of spread and tactical control of
the huge market before us, we are looking
at the least 500 operating LGA’s.
• The content of each CDCCR package is a
90 day set-up and transfer bundle which
includes: capacity building & certification
of operators in the area, Opening of BPI
account for the area & supervision.

27. operating License of LGA’s
• The licensee provides her own office and
logistics in the area,
• The cost of one license will be 7.5million
naira only.
• Plus a monthly 2% accruals from the BPI
of the area as regular royalties. The
duration for this license is 3 years only.
• 7.5million x 500 targeted areas =
3,750,000,000.00

28. SUMMARY
• The FSC services bundle can be sold to
generate revenue for LGA’S and trap funds in
banks. There are lots of opportunities in this
project, as daily contribution and thrift services
operators continues to grow in the industry.
• Currently from our researches there are about
700 collectors in Enugu, over 1200 in Onitsha,
5,665 in Lagos state, 455 in Abuja FCT, in
Calabar we have 988 collectors. From our
database we have access to this number and
the identification and certification still
continues…

29. • The Patent Certificate No: R.P. 14,111

30. Microcredit Solutions Limited
(INCERT)