The President of Last Resort Savings and Loan Cooperative Society, Samuel Ahen Tyobo said they are key actors to redefine the sustainable development models prioritizing social equity.
The President, Tyobo noted that Last Resort Savings is a solution that is not only durable but contemporary, resilient and relevant, and therefore significant in establishing a more solid economic development through their ethic economy, defense of the collective interest and the democratization of the entrepreneurial sector.
Tyobo said the Cooperative have a proven record of creating and sustaining employment and also they help to improve the living and working conditions of women and men nationally, globally, make essential infrastructure and services available even in areas neglected by the state and by investor-driven enterprises.
According to him, the Cooperative societies has help members to develop a savings culture.
“Nobody can escape poverty without a savings habit. Anyone that spends everything on consumption is just a step away from poverty.
“Saving is made relatively easy with cooperatives because every member must contribute regularly without default. In most private and public organisations, such contribution is usually deducted directly from members’ income”.
“Our Cooperative also offer members access to loans either in cash or in the form of goods. As it is difficult for a camel to pass through the eye of a needle, so it is for the average individual to get loan from banks”.
Tyobo added the company offers personal and corporate mortgage accounts, leasing and credit facilities, property acquisition management services and fund management services.
