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.
Financial
GIG Trust can assists CFI's in the following financial management areas:
Accounting
Banking systems
Annual financial statements
Collections
Insurance products
External finance needs
Credit risk management
Portfolio management
Investment management
Contextualised product development
Administration
Project management
Policies and procedures
Database management
IT systems
Training
Co-operatives training
Board training
Committee training
Credit assesment training
Services
© GIG Trust IT 157/2012