Monivest rewards members who help the cooperative grow by inviting new people to join and start saving. The referral commission is designed to be sustainable and compliance-friendly — not a recruitment scheme, but a reward for bringing in active, contributing members.
Every member has a unique referral link
When a new member registers through your link and funds their wallet for the first time
You earn 3% of their first deposit amount
The commission is paid on the last working day of the month
Payment is made into your Monivest wallet (you can withdraw or reuse it)
Theresa is a Monivest member.
She refers John using her referral link.
Membership is free — John signs up and saves ₦100,000 through his wallet.
Theresa earns: 3% of ₦100,000 = ₦3,000
This ₦3,000 will reflect in Theresa’s wallet on the last working day of that month.
If Theresa refers 10 people in the same month —
she receives 3% of each first deposit, and all commissions are paid together at month-end.
To comply with AML (Anti-Money Laundering) rules:
Referral reward only applies to the first deposit — not subsequent deposits
Fake/inactive/self-referrals are disqualified
We do not fund wallets just for withdrawal — inflows must show intent and use
You can track referral status and commission payout inside your dashboard.
(We will add the exact link in this article once live.)