Awach SACCOS held its council of representatives 15th ordinary Meeting

Awach SACCOS’ council of representatives held its 15th ordinary session on March 6, 2021 at Eliliy Hotel. The major Agenda of the meeting were:

  • hearing and approving biannual report, -

  • hearing and approving the revised annual plan and

  • -revising and approving the by--law of Awach SACCOS

In hearing the biannual report, W/o Mekdes Hailu, the deputy manager (operation) of Awach SACCOS, said that Awach had a remarkable achievement in the mentioned period and almost all activities accomplishments were reported to be above 100%. Due to this fact, W/ro Mekdes said that, there is a need to revise the annual plan of the fiscal year. After discussing on the report and the revised annual plan, the council approved the documents.

The last but the main agenda of the session were revising the by-law of Awach SACCOS. The areas revised were

  • Increasing loan amount of products

  • Expanding the working area of Awach SACCOS

  • Investing in other cooperative businesses

  • Revising the representation of the general assembly in the council of representatives

According to Ato Mesfin G/Silasie, the chairperson of the executive committee of Awach SACCOS, the increased loan amounts of the products are:

 

Loan product                                                                              New loan amount

  • House loan                                                                                        2,000,000 birr
  • Transport Vehicle                                                                             1,000,000 birr
  • Automobile                                                                                       8,000,000 birr

 

After Discussing with this and the other aforementioned issues, the council approved the revised by-law.

 

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