July 30, 2014, the 18th General Assembly held its regular and special assembly at the Inter Legery Hotel!!!
At this meeting, the 2013/14 financial year plan performance report of Viable Savings and Credit Cooperative Society was presented to the General Assembly. In the report, in the 2014 fiscal year, a total of 2,168 women and 4,141 men were given loans of 1,658,322,337.00 birr to 6,309 members; Regarding the credit transfer, it is more than 99.43%; The number of total members reached 78,682; Mrs. Mkades Haileu, the deputy chief executive officer of Awach Savings and Credit Basic Cooperative Association, said that the amount of savings in this year is 2,294,787,607.00 and in the 2014 fiscal year the share capital is 852,716,057.00 Birr. The assembly approved the report.
🤍 The report of the cooperative's control committee was also presented by Mrs. Sophanit Getathew, who is the deputy chairman of the committee. Reconcile the member's ledger with the system in the report. They stated that there is an excellent performance in terms of member satisfaction and service delivery.
🤍 The cooperative's 2015 fiscal year plan was presented by Mr. Zerihun Shelem, the founder and CEO of the cooperative. On the plan
to bring the total number of members to 124,806; To reach the total saving amount of 4,070,151,458.00; 3,286,973,334.00 Birr loans to 10,888 borrower members who meet the credit criteria of the cooperative; In particular, the Chief Executive stated that it is planned to provide loans for consumer goods and the assembly discussed and approved the plan.
🤍 An amendment to the effective governance regulation was presented and discussed and the general assembly discussed and approved it. Finally, Ato Birhanu Dufera, Director of Financial Cooperative Development Directorate of Ethiopian Cooperative Commission, gave a closing speech and the conference ended.
