Sunday, February 28, 2010
DWASCO Board Meeting
On Friday February 26th we had our final meeting with the Board of Directors of DWASCO Employees SACCO. We started off the meeting with an opening prayer which is one of their traditions. We then moved into introductions of the Board and Bruce and I and the chairman Andrew Mdoka made his opening remarks.
Bruce and I gave our presentation with Bruce starting off reviewing the progress from last year and me reviewing the new issues that have come up at the SACCO. The SACCO is well run but they have their challenges especially with liquidity, they have a large loan demand and limited ways to raise deposits to fund them. After we completed the presentation we answered questions and discussed issues with the Board Members.
The President then called the meeting back to order and then proceeded with gift presentations the Board presented Bruce and I with an original painting of the DWASCO SACCO building and a SACCO logoed golf shirt. Bruce and I then handed out the gifts we brought for the board. After that exchange we had closing remarks from the President and the closing prayer.
We then enjoyed an evening of fellowship with the management and board of the SACCO. They were great hosts and we had lively conversations throughout the evening.
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