While in Cape Coast, we visited the Progressive Womens' Co-op Credit Union Ltd. This credit union was originally formed to help women of the area save, borrow and build their businesses. It is now an open bond credit unions that has members from all walks of life and also includes men. They have what is locally called the "Wonder Box". It is a savings box that the member keeps either at her home or or place of business. Atany time, savings may be dropped through the slot in the box and until the Su Su collector comes, there is no access to the funds. On a monthly basis, the money is collected to deposit to savings, repay loans and use for larger ticket items. It has been given the name "Wonder Box" because at the end
... read more