The demise of Victoria Basin Savings and Microfinance Cooperative Trust Ltd was a big blow to so many people’s livelihood. Founded in 1990, this once vibrant entity started operating as a building society and then transformed into a SACCO. It became an immediate success. However, changes in the legal status (from a building society into a SACCO) called for better ways of doing things especially an effective and independent Board of directors to provide effective oversight, risk management and going concern. Unfortunately, its leadership and members did not respond to the new realities. It was reported that one of its…
Pride MicroFinance myPride indeed
Step 1: You produce your savings card Step 2: You place your middle finger on the biometric reader Step 3: You inform teller what you need deposit, withdraw or know balance. To withdraw, you tell them how much, they punch in and alas you have it. No forms to fill. No questions. The system generates a withdraw receipt, you sign on it and you gave your cash. Lady thanks you and says if you have a smart phone please download our app or use Internet banking. Thanks for banking with Pride. Now I have not seen such easy and clear…