CES Launches Savings And Credit Cooperatives Society The Central Equatoria State (CES) government on Friday launched a Savings and Credit Cooperative Society Limited (SACCO) aimed at alleviating poverty in the state. 09 February 2014
By Waakhe Simon Wudu *JUBA - 9 February 2014 [Gurtong] -* Dubbed "CES SACCO Ltd," it is the first of its kind in South Sudan. The launch was graced by the CES Governor Clement Wani Konga who is also the patron of the Cooperative. Konga said the formation of the SACCO, besides eradicating poverty; it is also aimed at addressing unemployment and to promote financial sustainability. He called for all heads of State institutions to initiate their own SACCOs in the various counties. "The CES SACCO is a membership financial cooperative min-bank which is owned and controlled by its members with a mandate of operation in the six counties of CES, Michael Tongun, the Chairperson of the Cooperative said during the launching. "It aims at providing financial services to its members to facilitate them start or boost the development of the income generating projects, enhance sustainable income generation and self-employment creation." Its services include provision of saving facility, cheap and affordable loans to members. The Cooperative is expected to make easier and cheaper to access savings and financial credit services. Tongun said it shall provide a wide range of credit services to its members including business loans, agriculture development loans, special loans, school fees loans, salary loans and housing loans. He said membership to the Cooperative is open to all people regardless of their tribe, religion, sex, color, political affiliation, ethnicity, education level, social and economic status, provided the person is 18years and above. Posted in: Home<http://www.gurtong.net/ECM/Editorial/tabid/124/ctl/CategoryView/mid/519/categoryId/1/Home.aspx> , Business<http://www.gurtong.net/ECM/Editorial/tabid/124/ctl/CategoryView/mid/519/categoryId/2/Business.aspx> -- You received this message because you are subscribed to the Google Groups "South Sudan Info - The Kob" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To post to this group, send email to [email protected]. Visit this group at http://groups.google.com/group/SouthSudanKob. To view this discussion on the web visit https://groups.google.com/d/msgid/SouthSudanKob/CAJb14ooevT8iRd-TGqipBMzg8SU%2BAfmmpBEzo885bBwvW7Ta%3Dw%40mail.gmail.com. For more options, visit https://groups.google.com/groups/opt_out.
