NACCUG Capacitates Members on Financial Literacy

NACCUG Capacitates Members on Financial Literacy

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The National Cooperative Credit Union-The Gambia (NACCUG), recently organised a four-day capacity building for its members on financial literacy and proper record keeping.

Speaking at the training, Bakary Bojang, micro-finance and financial literacy officer at NACCUG, said NACCUG is committed to building the capacity of its staff, board and credit union members on best practices of promoting the concept of credit union.

He lauded the Irish Credit Union for complementing the efforts of NACCUG in alleviating poverty, whilst renewing NACCUG’s commitment to working with women and vulnerable community members to better understand financial management procedures with a view to building trust and promote accountability.

Bojang called on NACCUG field officers to ensure that members understand the procedures of loan and interest. “The funds at credit union are safe and secure,” he assured, and thus called on the public to join the credit union to improve sustainable livelihood development.

According to him, the partnership with Irish Credit Union would help to reach out to the poor and vulnerable groups, who do not have access to finance and capacity building.

He also urged participants to be steadfast in transferring appropriate skills to enhance sustainable development and poverty reduction.

Seedy Deyoko, NACCUG field assistant of Brikama 1, Credit Union, emphasised that strengthening skills on financial literacy would enhance proper record keeping and good governance. He noted that proper record keeping is crucial in promoting transparency and accountability.

Almamy Fatty, NACCUG board member, thanked the management for their foresight in building the capacities of chapter members on financial literacy, HIV/AIDS and book keeping.

The training, he went on, would help strengthen the credit union philosophy, while calling on field officers and credit union chapter managers to be vigilant to increase membership base.

Haruna Kuyateh of Worldview The Gambia urged participants to disseminate the knowledge gained from the training.

by Jainaba D Jatta