We were warmly greeted by the Executive Director Hoesa (her fisrt name) and 2 of her staff. The interpretor assigned to us is Inkay. A very interesting lady who works (her real job) in the area of enviromental policy development for the central government. We spent the next 2 and a half hours meeting with the E.D. and her staff learning more about Good Life SCC, past and present. The credit union faces many challenges as are most credit union's in Mongolia right now. Back in 2008 hundreds of small savings and loans went bankrupt during the world finacial crisis. Thousands of Mogolians lost their life savings in many cases. The system has been trying to regain consumer confidence ever since. They've made great headway but still have along way to go. However we already believe we have a number of ideas to share so we're anxious to continue our work over the next 3 days and learn more about them. After lunch the days agenda required us to spend the afternoon on the road visiting 3 of the credit uions members. It's not unusual for credit unions involved in the Coaching Program to want to "show off" the special guests from Canada. It's also about the credit union showing us the heart warming success stories that personify the good they do and the impact their services have on their members livihoods. Personally I love this part. It's the reason I come. This is the moment of truth. This is where you see the impact credit unions can have here. People lifted out of poverty because the credit union believed in them and gave them a chance. Today we found such a story. I'm in the process of putting it all into words. Stay tuned.
In early 2012 the Canadain Co-operative Association recruited 8 credit union professionals from across Canada. Thier mission: To share thier collective knowledge, experience, skills and expertise with credit unions throughout Mongolia. By Charlie Collura - Member Team Mongolia 2012
Wednesday, September 12, 2012
Day 2
We arrived (about 10:15am) at the office of the first of 2 credit unions we are assigned to during this mission. We were picked up at the hotel. We decided to walk home as it was only a couple kilometers away. We're planning to continue walking there and back each day so long as it doesnt rain - don't want to mess my hair eh.
We were warmly greeted by the Executive Director Hoesa (her fisrt name) and 2 of her staff. The interpretor assigned to us is Inkay. A very interesting lady who works (her real job) in the area of enviromental policy development for the central government. We spent the next 2 and a half hours meeting with the E.D. and her staff learning more about Good Life SCC, past and present. The credit union faces many challenges as are most credit union's in Mongolia right now. Back in 2008 hundreds of small savings and loans went bankrupt during the world finacial crisis. Thousands of Mogolians lost their life savings in many cases. The system has been trying to regain consumer confidence ever since. They've made great headway but still have along way to go. However we already believe we have a number of ideas to share so we're anxious to continue our work over the next 3 days and learn more about them. After lunch the days agenda required us to spend the afternoon on the road visiting 3 of the credit uions members. It's not unusual for credit unions involved in the Coaching Program to want to "show off" the special guests from Canada. It's also about the credit union showing us the heart warming success stories that personify the good they do and the impact their services have on their members livihoods. Personally I love this part. It's the reason I come. This is the moment of truth. This is where you see the impact credit unions can have here. People lifted out of poverty because the credit union believed in them and gave them a chance. Today we found such a story. I'm in the process of putting it all into words. Stay tuned.
We were warmly greeted by the Executive Director Hoesa (her fisrt name) and 2 of her staff. The interpretor assigned to us is Inkay. A very interesting lady who works (her real job) in the area of enviromental policy development for the central government. We spent the next 2 and a half hours meeting with the E.D. and her staff learning more about Good Life SCC, past and present. The credit union faces many challenges as are most credit union's in Mongolia right now. Back in 2008 hundreds of small savings and loans went bankrupt during the world finacial crisis. Thousands of Mogolians lost their life savings in many cases. The system has been trying to regain consumer confidence ever since. They've made great headway but still have along way to go. However we already believe we have a number of ideas to share so we're anxious to continue our work over the next 3 days and learn more about them. After lunch the days agenda required us to spend the afternoon on the road visiting 3 of the credit uions members. It's not unusual for credit unions involved in the Coaching Program to want to "show off" the special guests from Canada. It's also about the credit union showing us the heart warming success stories that personify the good they do and the impact their services have on their members livihoods. Personally I love this part. It's the reason I come. This is the moment of truth. This is where you see the impact credit unions can have here. People lifted out of poverty because the credit union believed in them and gave them a chance. Today we found such a story. I'm in the process of putting it all into words. Stay tuned.
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