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Port Moresby
April 9, 2020
Business News

First Nambawan Savings and Loan Society AGM to be Held Next Week

The Nambawan Savings and Loan Society will be holding its first Annual General Meeting next week.

Established in 2010, the Society now has about 16,000 members and a total member deposit of K32 million.

Despite the challenging financial situation, membership is increasing and so are the loans applications.

Manager of the Nambawan Savings & Loan Society, Mai San Valentin, said Nambawan Savings and Loan Society is registered under the Savings and Loan Society Act 2015 and the Companies Act 1997.

The total membership base now stands at 16,000 and the Society is targeting 17,000 members by the end of the year.

Nambawan Super Chief Manager Member Services, Charlie Gilichibi, urged members of the Savings & Loan Society to attend the first AGM.

Mr Gilichibi announced that a new system will be launched on the 11th of July to effectively serve the Society and its members.

Some of the products of the Nambawan Savings & Loan Society are the Savings Account, the Christmas Club and the School Fee Club.

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