20.7 C
Sierra Leone
Sunday, January 29, 2023

GGEM Celebrates 10th Anniversary

HomeAYV NewsGGEM Celebrates 10th Anniversary

GGEM Celebrates 10th Anniversary

Date:

Related stories

ReNIP to Hold Lower-Level Elections This Weekend

The Republic National Independent Party (ReNIP), will tomorrow 28th...

Multi-Purpose Biometric Identity Cards Set to be Launched

His Excellency President Dr Julius Maada Bio will officially...

Health Ministry Engages AYV Staff on the Need for COVID Vaccination

The Health Education Division at the Ministry of Health...

Parliament Votes Against Annulment of Public Elections Rules

Following a motion brought by the Leader of the...

 

Giving the overview of the GGEM, the Executive Director GGEM Community Development, Cecilia Decker said the microfinance services started in 1993 by the Catholic bishops from Liberia, Guinea and Sierra Leone to strengthen the values on family life education in secondary schools.

“As a microfinance service provider, we have supported hundreds of projects for the less privileged and lower income earners in the country. We have also empowered grassroots and community people who are now bigger and are self-entrepreneurs,” Mrs. Decker said.

She went on to say: “As a microfinance service, they have all reason to be thankful to God Almighty for bringing them thus far. With the first five years of services, we were able to generate six hundred and forty million Leones (640,000,000) and a current earning of six billion, seven hundred and thirty-seven million Leones (Le 6,737,000,000).

Delivering the thanksgiving message, Reverend Rashid Turay said: “Hardworking and industrious people always do extremely well even when tested. He added that: “Doing well comes with values and if you don’t have values, nobody cares about you.” Reverend Rashid also called on workers of GGEM Microfinance Services to work harder because “if you serve diligently, you will always be rewarded.”

The Executive Director of GGEM Microfinance Services Michael Kamara said: “In the next ten years we are expecting GGEM to have the capacity to serve over twenty thousand clients across the country and to have offices in the four regions of Sierra Leone. “We are also planning to deposit funds that will help fund lower income earners to save. This will be one of the possible ways to enhance their livelihood, self-sufficiency and be able to contribute to poverty reduction in Sierra Leone.”

Business News

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Previous article
Next article

NPPA Releases First Quater 2023 Public Procurement Price Norm

The Board, Management and Staff of the National Public Procurement Authority (NPPA), with appropriation to the Government of Sierra Leone through the Ministry of...