Madina Sancha VISACA holds AGM, authorities told villagers to do more deposits

AGM delegates

Madina Sancha Village Savings and Credit Association (VISACA) in Medina Sancha village, Kiang West, in the Lower River Region recently held its Annual General Meeting (AGM) at the region.

The AGM brought together dignitaries from the Global Youth Innovation Network Gambia chapter (GYIN Gambia chapter), the Central Bank of the Gambia (CBG), VISACA Apex as well as the villagers and the satellite villages.

Rural Finance Project (RFP) of International Fund for Agricultural Development (IFAD) and Government of the Gambia (GOTG) foster self-sustaining rural Micro Finance Institutions (MFIs) such as VISACAs

Negotiation on Nema project, "successful"

Gambian Negotiators, Rome

The deputy permanent secretary Ministry of Finance and Economic Affairs, Mod K. Ceesay recently led a nine man delegation to Rome, Italy to negotiate for the National Agricultural Land and Water Management Development (Nema) on behalf of the government and people of The Gambia.

The negotiation, according to the team leader, went "quite well" noting that the background work was done during and after the design phase which lasted over eight months. These consultations were participatory and highly productive.

Rural Finance Project Boost Implementing Agencies

L-R Mr. Fatajo, PS Ada Gaye and Dr. Oley Njie Mbye

As part of Rural Finance Project (RFP) objectives of strengthening Micro Finance Institutions towards creating an enabling microfinance industry, RFP handed over motobikes, and management information system equipments worth D2,838,637 to implementing agencies.

The handing over ceremony was held on Friday 30 March, 2012 at the Rural Finance Project office, Cape Point in Bakau.

The items handed over include 13 motobikes, 38 solar panels, computers and accessories including printers.

The beneficiaries were NACCUG CUs, GAWFA branches and 4 VISACAs as part of RFP 2011 implementation activities