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ECONOMICS

Opportunity International Savings and Loans holds workshop for young entrepreneurs

Opportunity International Savings and Loans Ltd (OISL) has organised a workshop to help young entrepreneurs access financial services and sustain their businesses.

Date Created : 12/17/2024 : Story Author : GNA

The Institution’s start-up loan product combines financial services with free financial and non-financial advisory services and business skills training to support clients in achieving their entrepreneurial goals.

The workshop, held December 3, 2024, attracted more than 200 participants from five Micro, Small, and Medium Enterprises (MSMEs) sector associations.

In his address, Mr. Kwame Owusu-Boateng, Chief Executive Officer, OISL, highlighted the institution's commitment to advancing financial inclusion and empowering young entrepreneurs through the Youth Start-Up Loans.

He said the initiative would support economic growth, reduce poverty, and promote "a stable society."

"Opportunity International Savings and Loans Ltd aims not only to provide just financial support to youth-led businesses but also a complete package of support.

"It includes mentorship and capacity-building to ensure young entrepreneurs acquire the needed knowledge, skills, and guidance that will help them navigate the complexities of starting and growing a successful business,” he stated.

Opportunity International Savings and Loans Ltd was one of nine financial institutions selected to participate in GIZ's PFS capacity building for Banking & Microfinance Institutions on the MSME product development project.

Mr Owusu-Boateng thanked GIZ for their support through the GIZ PFS Programme, implemented by GOPA AFC/CDC Consult.

The collaboration, he noted, would ensure delivery of maximum benefits to young entrepreneurs within the community.

Dr. Christian Jahn, the programme Manager for the PFS programme at GIZ, said OISL's Youth Start-Up initiative aligned with GIZ’s mission to enhance employment opportunities for MSMEs to contribute to the growth of the Ghanaian economy.

Mr. Binyam Ayele, GOPA AFC Consultant, speaking on behalf of Dr. Oliver Schmidt, Senior Project Manager at GOPA AFC, noted that the institution's financial product was designed to meet the high demand for financial services, particularly, among apprentices and graduates of vocational programmes.

Participants were sensitised on topics such as loan acquisition processes, financial literacy, and savings.

Opportunity International Savings and Loans Limited is one of the leading financial institutions in the country with 38 branches in 10 out of the 16 regions.

It is a subsidiary of Opportunity International, a global organisation with its Head Office in Chicago, USA, and serves more than 660,000 clients nationwide.

The institution delivers services and programmes to clients in 30 countries across the globe, serving over 20 million customers with Micro Banking, Micro Insurance, Agriculture, Education Finance, and Innovative Non-Financial Services.

ECONOMICS

Opportunity International Savings and Loans holds workshop for young entrepreneurs

Date Created : 12/17/2024 : Story Author : GNA

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