ADOM Savings & Loans empower market women in Kasoa

…as it inaugurates new shed at Kakraba Market

Management of ADOM Savings & Loans Ltd. in a pose with the Omanhen of Gomoa Nyanyaano Traditional Area and other dignitaries at the event

Fast-rising financial services provider ADOM Savings and Loans Limited has inaugurated and handed over a newly-constructed shed to management of the Kakraba Market in Gomoa Nyanyaano district, to support the commercial activities of market women and traders in the area.

Construction of the new shed was fully funded by the company as part of its corporate social responsibility programme to give back to the communities where its operates, and to promote the business of people in whose interests it serves.

The new shed will provide relief to market women and traders who previously carried out their commercial activities in the open at the mercy of the scorching sun – and were found wanting anytime it rained.

Managing Director of the company, Stephen Ameyaw, speaking at the official handing over ceremony in Kasoa indicated that construction of the shed was in line with its mantra of giving hope to people with whom the company does business.

He said: “ADOM Savings and Loans not only focuses on providing seamless services to broaden financial inclusion in the country, but also ensures that CSR becomes an integral part of our strategic focus.

“As a company, reaching out, retaining and supporting customers is our hallmark, and we will continue to invest in our corporate social responsibility in a manner that will ensure maximum impact on society.”

Mr. Ameyaw further noted that ADOM Savings and Loans Ltd. remains committed to its mission of offering high-value financial services which exceed the expectations of customers in a cost-effective manner.

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“We have a vision to be the preferred institution when it comes to the provision of financial services for micro-, small- and medium-sized enterprises (MSMEs) as well as low-income livelihoods.

“This is what inspires the company’s operations to ensure that customers do not become worse-off than when they first came into contact with us,” he added.

Touching on performance barely two years into its operations, he said the company boasts over 7,000 clients – with about 2,000 of its customers based in Kasoa.

He said the company currently has two branches – Abossey Okai and Kasoa, emphasising that management have not regretted their decision to operate in Kasoa.

Member of Parliament for Gomoa East, Kojo Asemanyi, commended the company’s management for the wonderful gesture – which he said is a clear indication of the passion and seriousness it attaches to the wellbeing of its customers and society at large.

“This is a market we want to expand because of its economic viability, but it was always a difficult situation for market women and traders anytime it rained due to the absence of sheds.

Some market women and traders at Kakraba Market in Kasoa in a group picture after the handing-over ceremony

ADOM Savings and Loans, apart from building the shed, has provided individual support to the people of the area…for which we are most grateful,” he said.

Mr. Asemanyi expressed optimism that various government support initiatives backed by more of such gestures from the business community will help to bring development and improved livelihoods to the people.

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The Omanhen of Gomoa Nyanyaano, Dr. Nana Obeng Wiabo V, in his remarks also applauded the company for extending a helping hand to his people – especially market women who used to ply their trade under harsh conditions.

He added: “With this structure, traders in the community will be able to sustain their business to secure their sources of livelihood and that of their families”.

Nana Wiabo V charged leaders of the market to ensure that the new shed remains in good shape and condition at all times.

“Others have toiled to build it; we have to protect and take good care of it. I also encourage all traders to do business with ADOM Savings and Loans so that you can be groomed on how to manage your personal finances to keep and sustain your businesses,” he indicated in an advice to the market women.

Executive Secretary of the Ghana Association of Savings and Loans Companies (GHASALC), Tweneboah Kodua Boakye, encouraged the company to continue touching lives in society through its CSR activities.

He said the gesture, coming from a business that is barely two years into its operation, is highly significant and commendable.

Mr. Tweneboah Kodua also implored the traders to embrace a strong savings culture to sustain their business and family.

“You must also repay your loan on time or inform the bank of any change in situation that may delay the repayment of your loans,” he advised the market women.

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