26.8 C
City of Banjul
Sunday, September 25, 2022

Loan scheme disburses over D4 million to 52 personal loan beneficiaries

- Advertisement -

By Lamin B. Darboe

Information Officer, PMO

Director, Finance Administration and Revolving Loan Scheme at the Personnel Management Office, has revealed that despite its limited funds, the Civil Service Revolving Loan Scheme (CSRLS) in 2022 managed to disburse D4, 830,000 to 52 personal loan beneficiaries within various ministries and departments across the Civil Service.

- Advertisement -

Mr. Baboucarr Sarr made this revelation to the Information Officer at PMO on Thursday where he mentioned that these beneficiaries are qualified loan applicants, whose applications were approved by the CSRLS Board.

In addition, he added, the Scheme has managed to disburse D6, 500,000 to 14 car loan beneficiaries from various ministries and departments across the Civil Service.

“We are currently disbursing D2, 000,000 to 4 housing loan beneficiaries from various ministries and departments across the Civil Service. The CSRLS has been endeavoring in meeting its main function of providing and effectively managing car, housing and personal loans to eligible civil servants since its inception in 2014,” Mr. Sarr explained.

- Advertisement -

According to Mr. Sarr, the total number of loan applications annually fluctuates, adding that this year i.e. 2022, the Secretariat received a total number of 83 applications through the Records Office.

He said this number is one of the lowest compared to previous years while informing that in 2021, 317 applications were received by the Secretariat and in 2020, 305 applications were received.

He described the impact of the Loan Scheme within the Civil Service as very positive, adding that it contributed tremendously in the lives of civil servants in terms of improving their quality of lives and social status.

“Many civil servants are now able to have cars of their own and build houses ranging from bungalows to storey buildings. The loan we give may not be able to complete their entire building as some people argue, but it could help you go very far,” he said.

As we speak, he explained, 1,207 civil servants benefited from the personal loan, 200 civil servants benefited from the car loan and 140 benefited from the housing loan.

- Advertisement -
Join The Conversation
- Advertisment -spot_img

Latest Stories

GFF APPEALS COMMITTEE DETERMINES YOUNG AFRICANS’ APPEAL AGAINST REJECTION OF KAMASO’S...

The Gambia Football Federation (GFF) appeals committee has come out with its decision on an appeal filed by Young Africans FC over the rejection...

Falling for the temptation