EDEN Micro Finance Is Not Collapsing-CEO

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The Chief Executive Officer (CEO) for Eden Microfinance Mr. William Adu Boateng?has described?speculation within the media and the public domain that the financial institution in question is collapsing following the unfortunate happenings, as untrue.

wpid-cedisghana.jpgThe recent??decline??in their capacity to grant withdrawals to??most of its clients??at various branches due to what he described panic withdrawal, uncharacteristic of their services??never depict that??the institution is losing its banking strength but is a challenge possible to occur to any financial institution.

Mr. William Adu Boateng however identified the current economic crises faced by the country for the past 6 months as the result for the mishap and this he stressed has not only affected Eden Microfinance but??scores of institutions as well with majority of them still bleeding in the industry.

Announcing in an interview with the Moment, Mr.??Boateng noted with a deep expression of regret and apology that despite the unpleasant development, the interest of their customers is still at heart and that measures have been put in place to address the situation as a matter of urgency.

Sooner than expected, the C.E.O has assured?customers of positive services regarding their savings with more of good financial products underway.

Mr. Boateng however expressed worry over the unbalanced stories and comments carried by the media?regarding the matter noting further that most of them failed to seek his side of explanation on the issue.

This,?he explained has caused the institution the above disreputable image and that had he in the early stages of the event??offered an equal??platform in response to charges raised by clients, things would have gotten down well with the latter.

Credibly enough, in March 2011, Eden Microfinance Company Limited was incorporated under the Companies Code 1963 (Act 179) and issued with a certificate to commence business on 24th March 2011.

Through good customer relations and the provision of quality products and services, Eden Microfinance currently can boast of 11 active branches, with more other branches yet to be constructed in different parts of the country.

The company has over 525?competent staff. With an initial focus on the informal sector, Eden Microfinance, over the past few months, has extended its operations to cover the formal sector, providing loans and also financing to SMEs.

Eden Microfinance?s objective is to engage in the ordinary business of banking through the effective and efficient mobilization of savings. This is to make funds available to support viable economic ventures as a way of promoting economic growth and improving the living standards of clients.

 

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