Proud of the Past… and Future Prospects

Wednesday April 26th, 2006

Secretary/Manager of the Grenada Building & Loan Association, Byron Campbell is proud of the role the Association has played in the lives of those of its 5,000 plus members who have taken advantage of its services

He is also proud of the way they are gearing for the future, making use of modern technology, and continuing to develop the strong “human” side of the organization which has the flexibility to accommodate members who get into difficulties with their mortgage repayments due sometimes to loss of income.

The willingness and ability of the Association to adjust payments until things get better has helped many a member to save their property, Campbell said.

The Association serves mostly the middle and lower stratas of society and the maximum loan offered is $300,000. At present more than 2,000 loans are on the books.

He hopes to see more young people getting involved in purchasing shares and building equity through savings that could lead to property ownership.

"The investment options offered by GBLA have provided great returns for me".

“It is difficult to save money”, “My savings account is going nowhere”.

It is important to have a plan for the money we accumulate in our savings account. Additionally, investing is achievable for anyone willing to set aside as little as EC$1.00 per month.

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