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Gold Link Multipurpose Cooperative Society Held 7th AGM in Warri

Success stories showcase extension program efforts. In a time of greater demand for accountability and performance measurement, success stories provide a qualitative measure of extension program success. From the accountability standpoint, success stories serve as readily available piece of information for program impact. In addition, they also serve as a communication and marketing tool and also improving the communication and/or skills of extension agents. 

This is what happened on Saturday at No. 106 Enerhen Road, Effurun, Warri as Gold Link Multipurpose Cooperative Society, owners of New Golden Pastures Micro Finance Bank Limited, held their 7th Annual General Meeting to present a review of their performance in the financial year ended 31st December 2012.  

Uche Mojekwu - Auditor
The President, Mr. Christopher Osemene, in his presentation said that Gold Link Multipurpose Cooperative Society started in July 2005 with 20 members and has today grown to about 70 active members.  He said further that the cooperative consistent performance all through the years has made Gold Link Multipurpose Cooperative  Society a high flyer in terms of its income and balance sheet growth.  Mr. Osemene said that their balance sheet grew from N24m in 2011 to N27.5m in 2012. While income for the period grew from N2.7m to N3.3m representing a 22% increase from the previous year.


The President further hinted that Nigeria Deposit Insurance Corporation (NDIC) successfully carried out its first Audit on their bank, New Golden Pastures Micro Finance Bank located at Warri/Sapele Road by 1st Marine Gate junction, Warri. And that Central Bank of Nigeria (CBN) has at its maiden examination given the bank a Standard rating.

Comments

  1. NESRA26 April 2014 at 07:27

    How do I join the cooperative and what are the procedures for receiving loan and at what percentage interest.

    ReplyDelete

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