Society experiences major growth

NAMBAWAN Savings and Loans Society (NSLS) says it has experienced major growth over the last five years.
According to a statement, membership and deposits grew at 25 per cent per annum and internal systems and capability have been revamped over the last two years positioning the society to be more responsive to member needs.
NSLS hosted its first annual general meeting (AGM) recently.
The AGM was held in Port Moresby with more than 70 members in attendance.
Interim NSLS board comprises of chairperson Lady Aivu Tauvasa and directors Martin Kenehe, Gadisah Igah and Augustine Bire.
Appointed to the supervisory committee were Charlie Gilichibi, Vere Arava and Thomas Opa.
Appointed to the loans committee were Tauvasa, Rebecca Habitein, and Mai San Valentin.
NSLS in a statement said the society switched to a new Savings and Loans System (SALS) on Monday.
“Members will be informed shortly about the services offered by this new system capability including checking balances and statements online, via apps and sms, getting sms alerts to track loan and withdrawal applications, and initiating pre-approved loans via sms, apps and online.”
The society was incorporated in 2010.