Bank of Ghana Blog Credit Unions Financial Inclusion Micro-Credit Microfinance Rural Banks

ST. GABRIEL CREDIT UNION DISBURSED OVER 50% OF LOANS TO WOMEN

December 27, 2018
watchm
1,649 Comments

St. Gabriel Co-operative Credit Union (SGCCU) Limited, based in Konongo in the Ashanti-Akyim District of the Ashanti Region has disclosed that about 51.2% (GHS 1,791,337 million) of its total loan disbursement GH¢ 3,498,136.00 million was given to women in Small Scale Enterprises and agriculture to grow their businesses.

44.1% which amounts to GH¢ 1,542,599.00 million was given to men and the remaining 4.7% that is GH¢164, 200 went to groups. These loans were disbursed in four categories; loan within savings (338,893.00), long term loans (GH¢ 2,894,143.000million) hot loans (GH¢100, 900.00) and group loans (164,200.00).

This was contained in the Loans Committee report presented to the Credit Union during its 50th anniversary and 47th Annual General Meeting which was marked by a colorful ceremony which was massively attended at the St. Gabriel Catholic Church Parish at Konongo.

It brought together some Members of Parliament, stakeholders in the financial sector, leadership of the credit union movement in the Ashanti Region, board members, shareholders and members of SGCCU.

The anniversary was labelled, “50 years of Dedicated Service: Past, Present and the Future. The Board Chairman for SGCCU, Mr. Augustine Yaw Nimo in his address assured members of the Union’s dedication and selfless ambitions to create a vibrant financial institution for its members.

He concluded by emphasizing that, “while celebrating our achievements in the last five decades, the Union is determined to use its shortfalls as stepping stones to enhance its operations”.

The Board Secretary, Ms. Leticia Oduro, presented the minutes of the 46th Annual General Meeting which included 2017/2018 performance, dividends and budget for that financial year.

The Member of Parliament for Ashanti Akim Central Constituency, Hon. Kwame Anyimadu Antwi as the guest speaker, in his address, commended SGCCU for their contribution in enhancing the livelihood of many families and businesses through their operations. He called on members to be dedicated to the welfare of the Union and also not default in loan repayment.

The Chairman of the Loans Committee, Mr. Daniel Akoto Nsiah, the Education Committee, Mr. Oduro Akrasi and the Supervisory Committee, Mr. T. K. Amoako presented their annual report on behalf of their various Committees.

The audited report for SGCCU was organized by the Ashanti Regional Division Department of Co-operatives, endorsed by CUA and presented.

The Board Treasurer for SGCCU, Mr. Francis Owusu, presented the 2018/2019 budget which included the adoption of resolution for payment of Dividend and sampling of the views of shareholding members on the resolution for payment. The budget also clarified the financial statement on operations that featured interest earnings, total financial income, total cost of funds, gross financial margin and finally the total operational expenses.

Mrs. Lucy Ababio, a former chairperson and a pioneering member of SGCCU, who has been in with the Union since its inception, received a citation in honor of her good work and dedication. Other pioneers, a former Manager and some Board Members were honored with awards and citations. Some hard working staff and loyal Union members were also rewarded.

A staff of SGCCU, Ms. Leticia Oduro Boatemaa, thanked everyone present on behalf of the Board and Management of the Union. Reverend Emmanuel Mensah said the closing prayer to officially bring the event to a close.

SGCCU was founded in 1968 by Reverend Father Joseph Yeboah for Roman Catholic School Teachers in the Asante Akim District in the Ashanti Region and it operated from the Office of the Head Teacher of the R/C Primary School, Mr. G.K. Yamoah until 2011 when a permanent office was built for its operations.

The Union is affiliated to the Ghana Co-operative Credit Unions Association (CUA) Limited, and properly registered with the Department of Co-operatives. It has an asset base of GH¢ 24,599,153.06, staff strength of 36 and membership of over 6,716.

Spread the love on your social media page

1,649 thoughts on “ST. GABRIEL CREDIT UNION DISBURSED OVER 50% OF LOANS TO WOMEN”

  1. Nah postingan kali ini sangat bermanfaat, saya sering berkunjung dan membaca postingan disini. Emang keren-keren kontennya. Salah satu blog yang recommended deh.

  2. I do accept as true with all of the ideas you have offered on your post.
    They’re really convincing and will definitely work.
    Still, the posts are very quick for starters.

    May you please extend them a bit from subsequent time?
    Thank you for the post.

  3. Hi there! Someone in my Facebook group shared this site with us so I came to give it a look.

    I’m definitely loving the information. I’m bookmarking
    and will be tweeting this to my followers! Terrific blog and great design and style.

  7. Attractive component of content. I just stumbled upon your web site and
    in accession capital to say that I get actually enjoyed account your weblog posts.

    Any way I will be subscribing on your augment and even I achievement
    you get entry to constantly quickly.

  8. That is very fascinating, You are a very skilled blogger.

    I’ve joined your rss feed and look ahead to seeking extra of your great post.
    Also, I’ve shared your website in my social networks

  11. It’s the best time to make a few plans for the long run and it is time to be happy.
    I have learn this publish and if I may just I want to recommend
    you some interesting things or advice. Maybe
    you could write next articles referring to this article.
    I want to learn even more issues about it!

  14. This design is steller! You obviously know how to keep a reader amused.
    Between your wit and your videos, I was almost moved to
    start my own blog (well, almost…HaHa!) Fantastic job.
    I really loved what you had to say, and more than that, how you presented it.
    Too cool!

  16. Le damos servicio de reparación de electrodomésticos en toda la Comunidad de Madrid, tenemos técnicos repartidos por toda la comunidad de Madrid para poder llegar a usted en el menor tiempo posible y realizar la reparación que su electrodoméstico necesite en su propio domicilio. Cuanta más información nos pueda facilitar sobre su avería mejor podremos asesorarle para la posible reparación de electrodomésticos.

  17. Hello, Neat post. There is an issue together with
    your site in web explorer, might check this? IE still is the market
    leader and a big portion of other people will leave out your great writing due to this problem.

  20. Great weblog right here! Also your website quite a bit up very fast!
    What web host are you using? Can I am getting your affiliate
    link for your host? I want my website loaded up as quickly as yours lol

  21. I believe that is among the most important info for me.
    And i am happy studying your article. But should statement
    on some basic things, The website style is great, the articles is really nice : D.
    Just right process, cheers

  28. Aquí es donde la impresión 3D, combinada con el mecanizado CNC, puede ofrecer mejores resultados que cualquier otro proceso. Encontrados 600 resultados de empresas que pueden tener alguna relación con la búsqueda realizada “Mecanizados En Centros Cnc” Hay 52 provincias donde se encuentran resultados relacionados con Mecanizados En Centros Cnc.

  30. Hello There. I found your weblog the use of msn. This is an extremely well written article.
    I will be sure to bookmark it and return to learn extra of your useful info.
    Thanks for the post. I’ll definitely comeback.

  32. We stumbled over here by a different web page and thought I should check things out.
    I like what I see so now i’m following you. Look
    forward to looking at your web page again.

  34. Hello, Neat post. There’s a problem together with your website in internet explorer,
    might test this? IE still is the market chief and a large element of people will miss your fantastic writing
    due to this problem.

  35. El sistema de aspirado de los extractores Samsung y campanas Samsung es más silencioso y se desmontan todos los filtros para facilitar la limpieza. Los electrodomésticos como secadoras Samsung secan todo tipo de prendas ya que hay una gran variedad de programas tanto para ropa normal y delicada. Nuestros tecnicos profesionales están altamente cualificados, tienen probada experiencia y son expertos en la reparacion e instalacion de Frigorificos White-Westinghouse.

  62. Heya i’m for the primary time here. I came across
    this board and I to find It truly useful & it helped me
    out much. I’m hoping to offer something again and help others such as you aided me.

  77. Aw, this was an exceptionally good post. Taking a
    few minutes and actual effort to produce a great article… but what can I say…
    I put things off a lot and don’t seem to get nearly anything done.

  270. This design is spectacular! You most certainly
    know how to keep a reader entertained. Between your
    wit and your videos, I was almost moved to start my own blog (well,
    almost…HaHa!) Excellent job. I really enjoyed
    what you had to say, and more than that, how
    you presented it. Too cool!

  317. Thanks for ones marvelous posting! I genuinely enjoyed reading it,
    you happen to be a great author. I will remember to bookmark your blog and will come back at some point.
    I want to encourage you continue your great job, have a nice
    morning!

  342. It’s the best time to make a few plans for the future and it’s time to be happy.
    I’ve learn this post and if I may I wish to counsel you few attention-grabbing
    issues or tips. Perhaps you could write next articles regarding
    this article. I desire to learn more things about
    it!

  363. Its like you read my mind! You seem to know so much approximately this, such
    as you wrote the ebook in it or something. I believe that you
    can do with some % to power the message home a bit, however instead of that,
    that is wonderful blog. A great read. I’ll definitely be back.

  421. Very great post. I just stumbled upon your weblog and wanted to
    say that I have really enjoyed browsing your weblog posts.
    In any case I will be subscribing to your feed and I’m hoping you
    write once more soon!

  494. My coder is trying to convince me to move to .net from PHP.
    I have always disliked the idea because of the expenses.
    But he’s tryiong none the less. I’ve been using WordPress on a variety of websites for about a year
    and am concerned about switching to another platform.
    I have heard good things about blogengine.net. Is there a way I can transfer all my wordpress content into it?
    Any kind of help would be really appreciated!

  641. Wonderful blog! I found it while searching on Yahoo News.

    Do you have any suggestions on how to get listed in Yahoo News?
    I’ve been trying for a while but I never seem to get there!
    Many thanks

  657. Thank you for the auspicious writeup. It in fact was a amusement account
    it. Look advanced to far added agreeable from you!
    However, how could we communicate?

  738. May I simply just say what a comfort to discover someone who actually understands what they are talking about on the net. You actually know how to bring an issue to light and make it important. A lot more people need to look at this and understand this side of the story. It’s surprising you aren’t more popular given that you definitely possess the gift.

    http:///www.manulescu.com – manumanu

  745. May I simply say what a relief to discover a person that truly understands what they are talking about online. You definitely realize how to bring an issue to light and make it important. More people should look at this and understand this side of the story. It’s surprising you are not more popular because you certainly possess the gift.