GCB Bank PLC has introduced a special loan package for its Micro and Small Enterprise (MSE) customers whose businesses were devastated by the recent fires at Katamanto and Techiman Markets earlier this month.
A total of over 100 affected customers will benefit from this package, which aims to support them in rebuilding their businesses and recovering from the losses caused by the fire.
As part of GCB Bank’s commitment to assisting customers through this unexpected setback, the package includes a flexible repayment plan, a three-month moratorium, and an insurance bundle from the GCB Value Added Package (VAP) insurance initiative.
The Value Added Package (VAP) is an insurance product designed specifically for Micro and Small Enterprises (MSEs), offering coverage for emergencies such as fires, burglaries, and other unforeseen events.
The special loan package, currently being provided to victims of the Kantamanto market fire, will also be extended to affected businesses in Techiman in the coming weeks.
On Thursday, January 30, Sina Kamagate, Executive Head of Retail Banking, met with affected customers from Kantamanto Market in Accra on behalf of Managing Director Farihan Alhassan. He reaffirmed GCB Bank’s commitment to supporting the victims and helping restore their businesses.
He emphasized the Bank’s dedication to standing by its customers during this challenging time and expressed confidence that the financial support would enable them to rebuild their businesses even stronger than before.
“We extend our deepest sympathies to all those affected by this tragic incident. As a bank committed to supporting our community in times of need, we have introduced this tailored loan package to provide immediate financial relief.
We recognize the immense challenges you are facing and hope this initiative will help you rebuild your lives, restore your businesses, and regain stability. With resilience and determination, we can overcome this adversity and move toward a stronger, brighter future.
At GCB Bank, initiatives like this truly reflect our brand promise—‘Your Bank for Life,’” he stated.
GCB Bank’s initiative follows a promise made to fire victims by its Executive Head of Retail Banking during a visit to Kantamanto Market the morning after the disaster. During the visit, the Bank pledged support for its customers who had subscribed to the Value Added Package (VAP).
