The Cooperative Association of Governmental Staff for Savings and Credit was officially founded in 2013, in fully absence of any governmental or civil institutions that take care of the economic and development issues of employees, where it was found to express the future hopes and visions of employees, the association’s economic policies guarantee the future of its members within the absence of economic and development security for employees.
The Cooperative Association now consists of 46 ministry and governmental institutions, where the number of its members reached 1221 members and contributors (Males and Females) by the end of 2019, and it is considered now as a cooperative association within the absence of most ministries and governmental institutions.
Vision:
Economic and social safety for Governmental Staff
Mission:
Cooperative Association for Governmental Staff that seeks to consolidate the principles of cooperation and enhance the political situation of its members.
Target Group:
The association targets civil staff in Ministries and Governmental Institutions.
Lending product characteristics:
| Affiliation Fees | 100 |
|---|---|
| Share’s Upper Limit | 2,500 |
Loan characteristics:
| Product Name | Loan Limit (JOD) |
|---|---|
| General Loan | 30,000 |
| Sbitany Loan | 25,000 |
| Car Insurance Loan | 25,000 |
| 2018 | 2019 | |
|---|---|---|
| Number of groups | 64 | 70 |
| Number of active members by the end of term | 1,109 | 1,221 |
| Total Shares value (End of term’s balance) | 2,223,110 | 2,631,455 |
| Total Saving’s Value (End of term’s balance) | 871,110 | 1,757,660 |
| Total number of loans | 648 | 845 |
| Total number of issued loans | 1,106 | 1,694 |
| Total Value of issued loans | 5,515,173 | 9,799,741 |
| Number of active loans | 741 | 737 |
| Active Portfolio Value (outstanding balance of loan principal) | 2,049,325 | 3,504,247 |