Kwabre credit union makes giant strides

The Kwabre Co-operative Credit Union has within less than two years of operations made giant strides in savings mobilisation and membership drive.

Mr Stephen Ofori Amanfo, Chairman of the Board of Directors, said its total deposits now stand at GH¢30,000.00.

It has GH¢39,980.00 in share capital with total assets put at GH¢34,300.00.

He was addressing the maiden annual general meeting of the credit union at Fawoade in the Kwabre East District of the Ashanti Region.

He said the number of contributors was growing from a modest figure of eight in December 2009 to 185 currently.

The Board Chairman said the goal of the union was to help reduce poverty in the area by helping the people to expand their economic activities.

Madam Diana Kusi Yeboah, District Co-operative Officer, praised the management of the union for the pace of growth and urged them to sustain the momentum.

She urged them to stick to the best practices to protect the money of contributors.

Madam Yeboah encouraged the people to adopt the culture of saving part of their income towards the future.

Source: GNA