UMB Signs agreement with NARMG to provide special loans to midwives


Universal Merchant Bank (UMB) has signed an agreement with the National Association of Registered Midwives, Ghana (NARMG) to offer its members loan facility up to GHS150,000 which will be spread over a period of 48 months.

The newly introduced UMB Controller Loan product for the NARMG will be at a competitively low interest rate, with a turnaround time of 48 hours

This forms part of the many financial interventions UMB has rolled out to government workers and customers to present them with the needed financial support.

Speaking at the signing ceremony, Chief Executive Officer of the bank, Nana Dwemoh Benneh noted that UMB is an indigenous Ghanaian bank that believes in supporting people or groups to properly go about their work while they receive support without going through stress.

“In this perilous time like this, anything we can do as a Ghanaian bank to help some of these groups of people to alleviate their financial needs is a step in the right direction. And that is why we are so proud today to announce this partnership that we are signing” he said.

He further stated that, UMB has started giving loans to staff who take their salaries through the Controller and Accountant General’s Department to come to for a quick loan without asking the usual requirements like collateral.

According to Nana Dwemoh, the agreement between the UMB and the NARMG is unique as a result of the direct partnership with the NARMG.

He added that the terms and amount on offer is favourable for members of NARMG.

“Also, as part of the agreement, UMB looks forward to a lot of innovative products in the areas like asset financing, investments and look into areas like housing and mortgage. All these will be done by partnering other stakeholders in the industry to be able to bring this to you” he added.

Stressing on the partnership, he said “our desire is that you will be able to focus on your job by bringing the future generation to life while we focus on making sure that your lives are made comfortable by providing you with financial supports that will meet your need”.

The president of the NARMG, Madam Leticia Atiah commended UMB for such a great deal.

“We followed them and we realize they have good customer service; they are friendly and you can access their loans in less than 48 hours and they are all over the country” she said.

She further stated that, a survey conducted by the association proved that UMB is a bank that can assist the association since its members are scattered across the country where UMB has branches.

Nana Dwemoh congratulated the NARMG and urged all the members of the association to take part of the great and innovative opportunity.

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