Organizational Structure

GIC ORGANIZATIONAL STRUCTURE.

GIC COOP-BOD is an affiliate of a network umbrella organ called South West Area Village Barn (SWAVIB) MFI COOP-BOD.

The Organizational structure of GIC COOP-BOD is as follows:

1- The General Assembly (GA) is the supreme decision-making body of the Credit Union as prescribed by the Cooperative law and COBAC regulations.

The members of the General Assembly are owners of the institution's shares.

The GA seats for sessions in Ordinary and Extra-Ordinary meetings.

2- The Board of Directors (BOD).

The BOD is vested with the widest powers to act in all circumstances on behalf of the institution.

The members of the BOD are elected at the GA to whom it is accountable.

3- The Supervisory Board is one of the decision-making organs of the institution charged with the protection of shareholders called members and the general follow up of the Microfinance institution.

The members are elected directly in an Ordinary General Assembly to whom it is accountable.

4- The Management and Staff Team.

GIC COOP-BOD is headed by a General Manager at creation and supported by departmental staff who are recruited by the BOD/General manager.

The dynamic management and staff team are entrusted with the daily running of the institution's affairs based on professional code of conduct on Honesty, Accountability and Transparency in the management and reporting on the institution's activities.

In addition to the human resource capability, GIC COOP-BOD has put in place modern financial services devices and logistics to facilitate customer's satisfaction as management objective on continuity and sustainability of financial services to her members who are the un-bankable population in rural community and urban struggling community.

GIC COOP-BOD main objective is the provision of financial ACCESS to its members for members' poverty alleviation through income generating activities in the growing communities.

In view of the continuous growing population and living in poverty without access to financial services due to preconditions and peculiarities from Conventional Banks in the financial industry; Microfinance institutions were designated, encouraged and promoted by the World Bank as efficient tools to provide access to financial services to the poor population in communities to alleviate poverty and improve on their livelihood.