Financial Cooperative Launched in Kano to Empower the Rural Dwellers

Rural residents of Kano State have been given an opportunity to enhance and empower their finances through Goldmen Savings and Credit (GSC) – A Financial Cooperative Society Launched in Kano recently to Empower the Rural Dwellers

A new financial cooperative has been launched in Kano with the primary goal of empowering rural dwellers through access to financial services. This initiative aims to provide the rural community with the support and resources necessary to improve their livelihoods and create opportunities for economic growth.

The cooperative will offer a range of financial services, including savings and credit facilities tailored to meet the specific needs of the rural population. By providing access to affordable credit, the cooperative seeks to enable rural dwellers to invest in their businesses, agriculture, and other income-generating activities.

The launch of this financial cooperative is a promising step towards promoting financial inclusion and economic development in Kano. It is expected to have a positive impact on the lives of the rural population by contributing to their financial stability and overall well-being. The cooperative’s establishment reflects a commitment to addressing the financial needs of underserved communities and fostering sustainable development in the region.

During the launch of the facilities, the president of the society, Professor Abdullahi Ya’u said the organisation is a pioneering cooperative society dedicated to providing innovative financial services to the over 38 million financially excluded adults in Nigeria, particularly in rural areas.

He added that their innovative services are tailored to meet the diverse needs of members, including naira savings accounts, gold-backed savings accounts, non-interest micro-credit loans, member investment accounts, financial advisory services, and member education and training.

Additional benefits include a commitment to rural development, with the cooperative ensuring that at least 80% of all loan approvals are for women and 90% for rural residents, he said.

Ya’u said, “By prioritizing these groups, we aim to foster financial inclusion and empower those who need it most. Our prospects and community impact focus on creating a lasting impact on Nigeria’s financial landscape. We are committed to building a strong and reputable brand within the cooperative sector and the wider financial ecosystem.

“Our goal is to attract new members, advocate for favourable policies, and promote sustainable economic development throughout Nigeria.”