HOPE EMPOWERMENT FREEDOM
A Co-Operative Financial Institution is an excellent mechanism to empower groups with a common bond, to save and borrow from each other.
Common bond organizations include amongst others employer groups, 'stokvels', churches, schools, trade unions or communites within a defined geographic area.
Co-operatives are member owned and controlled. They are generally safer than commercial banks, as there is a strong relational element and a sense of ownership.
Co-operatives try to balance profitability with member benefits.
Your own CFI can assist member to borrow at lower rates and also receive superior returns on savings. CFI products can be successfully applied to prevent overindebtedness and grow members wealth.
GIG Trust can assists CFI's in the following financial management areas:
Annual financial statements
External finance needs
Credit risk management
Contextualised product development
Policies and procedures
Credit assesment training
© GIG Trust IT 157/2012