ASA Savings And Loans Donates Mosquito Nets To Clients

The leading Savings and Loans company, ASA Savings and Loans Limited has extended benevolence to its clients with a donation of over 50 insecticide treated mosquito nets worth GHc2,500 in the Lapaz Community.

Mohammed Iqbal Kabir, Regional Manager, ASA Savings and Loans Limited said the donation forms part of its Corporate Social Responsibility [CSR] by way of giving back to society.

He noted they decided to give out free mosquito nets to especially women in order to protect themselves from malaria infection because women are often regarded as the most vulnerable in the society.

Statistics from the Ghana Health Service [GHS] shows that, in 2015, malaria accounted for 7percent deaths in Ghana, 38.1percent of OPD and 27.1percent of admissions in the hospital.

Malaria has been a major cause of poverty and low productivity accounting for about 32.5 percent of all OPD attendances and 48.8 percent of under five years admissions in the country, according to National Malaria Control Programme annual report, 2009.

Mohammed Iqbal Kabir indicated that they are helping women to alleviate poverty in the country by way of providing them with not only loans but preventive measures that will protect them against malaria.

He emphasized that in addition, they are going to organize a free monthly medical screening for the community members which started in Sunyani, Koforidua and Kumasi last month.

According to him, with a clientele base of over 118,000 members, ASA Savings and Loans is however providing the low interest rate loans of 20percent to businessmen and women for a period of six months.

He added that since its inception in 2008, ASA Savings and Loans continues to remain as the market leader in the money market with a flexible payment terms that makes life easier for market women and the businessmen to make more profit and repay the loans.

Mohammed Iqbal Kabir stated that this effort has made it easier for them to recovery 100percent of their cost for the past six months in this year.

He posited that ASA Savings and Loans which literally means ‘hope’ is providing loans to businesses in order to increase their momentum to engage in more profitable ventures.

The company, according to him, is currently operating in six regions in the country namely Greater Accra, Ashanti, Brong Ahafo, Central, Western and Eastern Region.

He indicated that they have a total of 93 locations and 77 business centers plus 16 branches in the country.

The Regional Manager posited that by 2020 ASA Savings and Loans will spread its tentacles in all the 10 administrative regions of the country.

“This year, ASA will provide additional 14 business centers in Ashanti Region, Brong Ahafo Region, Western Region and the Eastern Region as well as 50 locations and branches to provide more financial support to local business to expand and grow in the country,” he said.

According to him, their aim is to help the poor by alleviate poverty adding that “Very soon we will start providing full scholarship to needy but brilliant students so that they can complete their education and support their family.”

He added that they have branches in Nigeria, Uganda, Tanzania, Rwanda, Sierra Leone including Ghana with financial support from its headquarters in Mauritius and technical support from Bangladesh.

Samir Sani, Area Manager, Lapaz Area, noted that their main target is the vulnerable and the less privilege in the society who has no means of financial support to start up a business on their own.

“We need women who are hardworking and determine to make it in future. We support them by way of proving financial solutions to their problems,” he stated.

He indicated that the unique feature of ASA Savings and Loans Limited is the level of transparency and commitment to its clients that are geared towards building confidence in the company.

According to him, they are cost effective company in terms of managing within a reasonable means in order not to over burden their clients with transfer cost.

Sani noted that the donation is to enhance their commitment to the clients which by example shows that they have their interest at heart.

He concluded that ASA Savings and Loans Limited will extended this gesture to other surrounding areas in Lapaz communities by way of proving free services and items to people.