GTTI credit union holds 11th AGM

Tuesday, July 24, 2018

Gambia Technical Training Institute Cooperative Credit Union on Friday held their 11th Annual General Meeting (AGM) at the GTTI main campus in Old Jeshwang on the theme: Credit Union operating principles and enhancing financial inclusion in The Gambia.

The meeting highlights direct focus on financial inclusion for youth and women facing financial challenges through reduction of poverty whereby individuals have access to things that meet their needs.

Chairperson of the credit union Tapha Joof said networking is an integral tool for Credit Union development as it helps members to communicate with other sister members in other part of the world.

According to Alieu Saine who represented GTTI Director General, the dedication and skill of Credit Union staff and in particular the sound common sense and knowledge of local affairs of such people is undoubtedly a critical component of the strength of the movement. “Professional managers have also played important part in steering the movement to where it is today.”

He added that the Credit Union has over the years been experiencing constraints but with the collaboration of its members they were able to overcome those challenges. “Important measures have been taken to avoid future constraints or misunderstanding as far as members’ satisfaction is concerned.”

Mr Saine believes that if Credit Unions go back to how they were operating, their purpose would be realised which is to help their members meet their financial needs.

Foday Sanyang from the National Association of Cooperative Credit Unions of The Gambia (NACCUG) said, “AGM is the mirror of Credit Unions and it is the moment when members exercise their ownership, authority and control of the Credit Union.”

He added that NACCUG board of directors have placed specialised priority to training, saying Credit Unions should take advantage of the trainings offered to help build their capacities to improve efficiency in their service delivery. “Credit Unions should also focus on providing services to their members irrespective of their social status.”

Abba Gibril Sankereh, registrar of cooperatives explained that the members own Credit Unions and its aim is to provide affordable financial services to improve their living standards. 

Author: Awa Ndiaye & Fatoumatta Samateh