THE GOAN NETWORK
MAPUSA
The Our Lady of Milagres Urban Co-operative Credit Society Ltd has floated loan schemes with attractive rate of interest to commemorate its silver jubilee.
“Since we are completing 25 years of service to the public, the Board of Directors has decided to offer loans at a lower interest rate. This scheme on loans will remain in force only for the jubilee year,” said Hemant Barros, Chairman of the credit society.
The chairman was addressing a news conference along with other officials of the credit society.
The credit society boasts of total deposit of Rs 40.97 crore and share capital of Rs 11.57 lakh even as it has over 16,960 depositors/shareholders.
“The society has made a profit of Rs 92.25 lakh for the 2018-19 financial year and a dividend of Rs 10 percent has been proposed to the shareholders,” said Francis Soares, General Manager.
The society claims to have 0 percent net NPA and 1.37 percent gross NPA.
To mark the silver jubilee, the society has come up with various loan schemes with interest ranging from 9 percent to 13 percent per annum.
