TAPPITA, Nimba – Trust Savings Credit Union has completed the construction of the first branch facility in Tappita. The project is being funded by the MasterCard Foundation through the United Nations Capital Development Funds.
The estimated cost of the project is put at US$8,580 and is being implemented by the World Council of Credit Unions.
The building is expected to be dedicated in one month and will strictly be used for financial purposes, mainly serving members. The credit union, TSCU, will offer savings account services for its members who will have the opportunity to save and withdraw at any time, between Mondays and Saturdays.
TSCU is also partnering with Lonestar Cell MTN to offer Mobile Money services at its many locations including Tappita, Foya, Gbarnga, Karnplay, and its headquarter in Ganta.
Other services to follow at a later time include ATM service, savings and checking accounts, holiday accounts, debit and credit cards, and SMS notifications.
The construction is the first of several projects to be undertaken. The location in Foya is currently under construction and Gbarnga is expected to follow.
Trust Savings Credit Union is one of the four regional credit unions being spearheaded by the Liberia Credit Union National Association. The entire project is expected to be completed in four years.
The project aims to empower members, who are mainly based in rural areas, with access to finance. It will also enable them to expand and improve their businesses and develop the habit of saving for rainy days.
The four regional credit unions are, Multi-National Credit Union (region one), comprising of Montserrado, Bomi, Grand Cape Mount and Gbarpolu; United Progressive Credit Union (region two), comprising of Margibi, Grand Bassa, Sinoe, and River Cess; Trust Savings Credit Union (region Three), comprising of Bong, Lofa and Nimba; and Unity Savings Credit Union (region Four), comprising of Grand Gedeh, Maryland, River Gee and Grand Kru counties.
Featured photo: Arrington Ballah