Preferred Finance Company Limited came into existence by leveraging on the remarkable growth and expansion of Guarantee Multipurpose Cooperative Society Limited. Guarantee Multipurpose Cooperative Society Limited has been in existence since November 5, 2012. The cooperative was founded by a group of visionary individuals who shared a common goal of providing financial services to their members, access to affordable credit, savings, and other financial services. it has grown in membership, branch presence and profitability over the years, as the cooperative continue to grow, we set our strategic plan on obtaining a finance company licence from the Central Bank of Nigeria.
Our over twelve (12) years of experience was indeed an outstanding one as we stayed focus on our strategic plans of which include achieving membership growth which we have increased to over ten thousand members with four (4) branches, profitability was consistently made for over ten (10) years, and our asset grown significant.
Guarantee Multipurpose Cooperative Society Limited financial performance improved significantly over the years, with the cooperative achieving profitability and increasing its asset base. The cooperative success led to a desire to diversify its operations and expand its scope of services. This led to the establishment of several subsidiaries, including:
- GMCS CONSULT LIMITED: a consulting firm providing training, capacity building and financial advisory services (Incorporated January 23, 2014)
- GMCS UPTOWN PROPERTIES & INVESTMENT LTD: a real estate development and investment company (Incorporated September 04, 2019)
- GMCS FARMS AND AGRO-ALLIED SERVICE: an agricultural production and Services Business (Incorporated February 16, 2021)
- GMCS UPTOWN LOGISTICS: it is into transportation management system (TMS), car rental, E-Commerce Logistics business (Incorporated June, 2021)
The Guarantee Multipurpose Cooperative Society Limited desire to expand its scope in the financial sector led to the application for a finance company licence from the Central Bank of Nigeria (CBN). This move is a strategic step towards creating a one-stop financial services company, offering a range of financial products and services to its members and the general public.
Preferred Finance Company Limited was established by the visionary leaders of Guarantee Multipurpose Cooperative Society Limited with the cooperators subscribing to the seventy percent (70%) ownership of the company. The vision is to build a global financial institution, connecting the investors and businesses to facilitate more inclusive, accessible and affordable financial services. Our mission statement is to be a leading provider of financial services, leveraging technology and human expertise to deliver long-tern value to our investors and businesses through a discipline financial and investment approach.
Preferred Finance Company Limited is licenced by the Central Bank of Nigeria to render financial services in the areas of Funds Management, Financial Advisory Services, Corporate and Structured Finance, Loans and Advances (Contract Finance, LPO Finance, Asset Finance, Personal Loans, Business Loans, Education Loans, Payday Loan, MSMEs Loan, and other specialized finance such as automobile finance, project finance, working capital finance, non-interest finance and etc.
With our history of over a decade experience we are rededicating ourselves to an exceptional service delivery, competitive, flexible and seamless financial services to our customers and stakeholders.
Preferred Finance Company Limited will channel its operations and other financial services to building a global financial institution, connecting investors and other businesses to facilitate more inclusive, accessible and affordable financial services.
Our history is a testament to the power of clear vision and mission, customer-centric approach, good leadership, innovation and adaptability, financial stability, strong corporate governance, community and economy development, hard work, resilience and determination.
Thank you for choosing Preferred Finance Company Limited as your right financing choice.
Our Vision
To build a global financial institution, connecting investors and businesses to facilitate more inclusive, accessible and affordable financial services.
Our Mission Statement
To be a leading provider of financial services, leveraging technology and human expertise to deliver long-term value to our investors and businesses through a disciplined financial and investment approach.
Our Core Values
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P - PARTNERSHIP:
We foster collaboration, mutual benefits, and strong relationships with our customers, stakeholders and the communities where we operate to drive financial growth and success.
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R - RESPONSIBILITY:
We act with responsibility, care, integrity in managing our customers' assets and resources through a disciplined financial and investment approach.
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E - EXCELLENCE:
We strive for excellence in everything we do, delivering high-quality services and solutions by leveraging technology and human expertise that will exceed customer expectations.
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F - FINANCIAL INTEGRITY:
We uphold the highest standards of financial integrity, ensuring transparency, honesty, and accountability in all our transactions. We believe in doing what is right and building trust with our customers and stakeholders.
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E - EMPATHY:
We understand customers and stakeholders’ perspectives, share their feelings, see things from their perspective and deliver personalized support and solutions that meet their unique needs.
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R - RELIABILITY:
We are reliable and trustworthy, consistently delivering on our promises to our customers, stakeholders and partners by providing financial growth and stability in an ever-changing financial landscape.
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R - RESPECT:
We treat our customers and stakeholders with dignity, kindness, understanding and mutual respect for individuals. We value diversity and inclusivity in all our interactions and financial dealings.
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E - EFFICIENCY:
We streamline our processes and resources to deliver efficient and effective financial solutions, enhancing customer experience and satisfaction.
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D - DIGITAL INNOVATION:
We leverage digital innovation to enhance customer experience, improve efficiency, and stay ahead in the financial landscape.
At Preferred, we take pride in our name because it reflects our unwavering commitment to being the preferred partner for our customers and stakeholders. Preferred is more than just a name, it guides everything we do, our core values and it's a promise to always put our customers first, make a positive impact in the communities where we operate and be the trusted global leader in providing exceptional financial services.
