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2. Words used in this guide

WordWhat it means
MarketplaceThe list of opportunities open to apply for now.
RequestYour application. It has a reference number.
SchemeAn investment scheme. SCAFI and SAIF are the two schemes.
CooperativeA registered society. SCAFI members join through a verified cooperative.
UnitA share in a scheme. Units are first sold at ₦1,000 each.
NAVNet asset value: the current value of one unit. It changes after each approved valuation.
DividendA yearly payment to unit holders.
Withholding tax (WHT)Tax taken off a payment before you receive it. Dividends carry 5%.
RedemptionAsking the scheme to buy back your units and pay you cash.
Custodian bankThe licensed bank that holds the cash. DFFMS never holds investors' money.