For the next three days we will be working with Danwell Credit Union. It has one main branch and two agencies as they are called here, one in Kasaam and one in Boaman both of which we will be visiting tomorrow. We were at the main branch today visiting with the staff and working with the Manageress Mrs. Philomina Sarpong. Danwell has an assets base of $900,000.00 and is home to 2400 active and dormant members. They have 9 staff members and have complimented their lending products with a Micro Finance department as well. Here in Ghana they have savings boxes, which are strong boxes that are given to members to save money in, piggy banks have nothing on these! There is only one set of keys for the box and they are held at the Credit Unions. The members on a daily basis put money in to the boxes and once the money has gone in the members are unable to access the savings again until the Credit Union comes to open the box for them. The funds are then brought to the Credit Union and deposited into the members account. Danwell has 600 of these savings boxes out in the community. It is a great program and seems to work well for both members and the Credit Union.
|Seth Koduah working in his sandal shop|