Dear Shareholders, Friends, Students, Brothers & Sisters,
We have great pleasure in welcoming you as we complete 25th operational Anniversary of The Shiroda Urban Co-operative Credit Society Ltd.
As we look back to the events of success, we gained from our past experience, we need to chart out the future of our society in a progressive way which will fulfill the aspiration and needs of our members. Every institution has its start in mode of initiatives but what makes it great is the passion of the people behind it.
In our knowledge in and around this shiroda village a few person marched forward with ambition to help and support farmers and the weaker sections of the society, and to improve their quality of life. Among these persons they planted small tree in the form of THE SHIRODA URBAN CO-OPERATIVE CREDIT SOCIETY LTD., in the year1991 i.e. on 29/04/1991, with only 11 members and with its Head Office at Bazar Shiroda Goa. Today we can see that Small plant which was planted in the year 1991 has blossomed into a big tree from mere 11 members we have enrolled 7400 members, with 12 BRANCHES across Ponda and Salcete Talukas. Presently the society has more than 60 employees and 40 Pigmy Agents at your service.
We having made a humble beginning with its maiden branch at “H.O.” in Shiroda village, we soon became popular by our financial advances to the cross – section of society of Ponda and Salcete Talukas covering businessmen, agriculturist, salaried people and other small industrialist. We also achieved tremendous success in mobilizing the deposits from the general public and by providing rich yields (interest) as the funds deposited with us.
From inception your society started to advance loan up to Rs. 10,000/= to the needy members subsequently it is increased up to Rs. 10,00,000/= presently your society is having surplus fund which is above liquidity ratio in the form of Investment in different Banks. I am proud to say that your society has earned the goodwill of the members in particular and public in general. Therefore the growth of the society has been sealed up regularly during last 25 years.
The Management has mainly focused on the marketing and recovery and hence they decided to set up different types of cell to achieve our goals. In future we have plans to open two more branches in salcete taluka and also to propose Head Office Building within the jurisdiction of the society.
We are now operating in a situation where every segment of the society has competitive flavors. Therefore the socio-economic sectors cannot be an exception to it. In the present economic atmosphere we have to be diligent and cautious of the speedy changes and averaging new ideas. Yet being a cooperative we cannot neglect the human ingredient that has been imbibed in the principals of cooperation.
The management of the society hereby assure and reaffirm our commitment to the social and economic cause of our members in the days to come and would see to it that your society grows and branches out to provide shelter to the needy people of this state.