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13.10.2008 Business & Finance

Managements of rural banks appeal to market women to save and take loans

By gna

Mr Hardi Mohammed, Project Officer of Builsa Community Bank has appealed to market women and the public to save with the rural banks to enable them take loans to expand their businesses.

He said they could in addition, form groups for the members to guarantee each other to qualify for loans.

Mr Mohammed was speaking at a road show organized by Stracom Communication Consultancy and sponsored by Support Programme for Enterprise Empowerment (Speed) at Bolgatanga at the weekend.

It was to educate the public and business entreprenuers on the importance of savings, available opportunities to take loans from rural banks, the need to sell or buy only wholesome goods and consumers' right to reject expired or sub-standard goods.

Mr Mohammed explained the different types of savings they could access and the advantage to take loans but warned them that they would be expected to re-pay the loans within a specific time to enable them and others continue to benefit.

He advised those who had taken loans from the bank to re-pay them on time.

Mr Tony Klu, Communications Officer for Strarcom, advised managements of rural banks to get closer to their clients to enable them interact freely on their economic activities.

Similar programmes would be held at Navrongo and Sandema all in Upper East Region.