Signing of MOU: Union Savings And Loans To Support SME Award

Union Savings and Loans and Imagine8 Company Limited, yesterday signed a memorandum of understanding which gives the afore, the right to sponsor an SME award, aimed at rewarding small and medium sized enterprises with imaginative and successful initiatives. The managing director of Union, Mr Philip Oti Mensah, in an address revealed that his outfit saw the need to sponsor the event because they know such initiatives would propel other SMEs to work harder. This isn�t the first time Union Savings and Loans is supporting this initiative; but with the MOU both parties signed, they have been given the mandate to assist Imagine8 with financial support for the next five years. Union and Imagine8 sign memorandum of understanding According to Mr. Oti Mensah, there is so much talk about underfinancing by some SMEs and he explains that what accounts for this is because people are not able to manage the financial and access to credit aspect of business well.