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OBJECTIVES OF SMSLA
To promote the virtue of savings amongst employees and to provide financial assistance at a very low cost, the SM Savings and Loan Association aims to:
  • Encourage members to save part of their salary for use.ce (34)
  • Ggrant its members an opportunity to increase their purchasing power through loans, the amount of which may be difficult to borrow from banks.
  • Assist its members in avoiding sourcing of funds from usurers to solve their emergency financial problems.
  • Provide additional income to members through declaration of dividends.
 
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