Saving Money is Vital. It provides financial security and freestanding also secures you in a financial emergency.
By saving money, you can avoid debt, which relieves stress, which is why Izwe Savings and Loans has launched a New Savings plan Account. Izwe is a non-bank financial institution duly licensed and regulated by the Bank of Ghana. It originates from South Africa and currently has subsidiaries in Ghana, Kenya and Zambia with its headquarters in Mauritius.
The Savings Plan Account is a fixed term savings account that offers bonus interest at maturity for formal and informal workers. This product is one of many Izwe is introducing to it customers to encourage them develop a robust savings culture to help them meet their goals.
Speaking to Business Daily during the Launch at the Best Western Plus Atlantic Hotel here in takoradi, Mark Smith Andoh , head of SME Business at Izwe Savings and loans is encouraging the general public to make a concious efffort to consistently save money monthly despite the recent hardship in the country.
He said “ The Savings Plan Product allows our customers to choose an amount of money they want to save every month over a desired period of time. Customers must commit to save a minimum of GHS200 monthly for 6 , 12, 18, or 24months and an additional interest is paid at maturity when customer has been able to meet the minimum requirements.“
Speaking about the Vision and Impact of the company, Mr Mark Smith Andoh disclosed that one of the key things of the company is to set aside ¢150m for SME’s Loans.
“ Our Basic vision is to inspire progress with our customers and our impact has been great, we have been here for 11 years and have served more than 200,000 customers with various financial solutions and going forward, one of our key things is to set aside ¢150m for SME’s Loans” he said.
Izwe Savings and Loans has been operating in Ghana for over 10 years, with a solid track record of providing tailored financial services to the needs of people from all walks of life including entrepreneurs, traders, teachers, soldiers, healthcare workers, business owners and any small to medium sized enterprise.
Izwe started with a focus on products & services for employees in the government sector and is currently one of the top payroll lenders in Ghana.
The company currently provides innovative financial services to Small and Medium Enterprises (SMEs) in Ghana, as it recognized the significant contribution SMEs make to the GDP of the country.
The company plans to introduce more innovative products and services to contribute to industry efforts and accelerate the development of SMEs in Ghana.
