Beige Capital Supports GHASALC

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The BEIGE Capital Savings and Loans Company, has partnered with the Ghana Association of Savings and Loans Companies (GHASALC) to host its first Business Roundtable event for Chief Executive Officers (CEOs) of the Savings and Loans sector.

The event, which was attended by CEOS was to drive financial inclusion agenda for the unbanked in the savings and loans sector.

BEIGE Capital’s support and partnership is to encourage members to join in fostering a stronger advocacy network and allow GHASALC to bring closer all stakeholders in the Savings and Loans sector.

It is also to support GHASALC drive a common voice in their role for financial inclusion of the unbanked through periodic Business Round table discussions on the savings and loans sector.

The CEO of BEIGE Capital, Mike Nyinaku, commenting on the purpose of the partnership, said, the company was partnering GHASALC, because he believes that with one voice , GHASALC can implement strategies that will enhance the services of the Savings and Loans Sector

“ We believe with one common voice, we can strengthen the role savings and loans companies play in taking financial services to unserved and underserved areas” Mr. Nyinaku said.

CEOs and representatives from Midland Savings and Loans, Global Access, Union Savings and Loans , Opportunity International , First Ghana , Bond Savings and Loans, Pacific Savings and Loans , Unicredit, Womens World Banking, Golden Pride, First Trust , Express Savings and Loans , First Allied , Sinapi Aba and BEIGE Capital participated in the event.

Beige Capital is currently the leading Savings and Loans Company controlling 30% of the entire industry’s assets and liabilities and has branches in over 50 different locations across the country.

BEIGE Capital , a subsidiary of The BEIGE Group, an investment firm in Ghana with interests in the Banking & Finance, Real Estate, and Mining and Hospitality industries.

GHASALC is the umbrella body of Savings and Loans companies with a mission to build a solid platform for the enhancement of microfinance practice in Savings and Loans companies so as to ensure the sustainability and growth of those companies, and their customers for the ultimate development of the national economy.

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