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Information:
Reliance
Financial Services Co. Ltd. (RFS) is a greenfield, Non-Bank Financial
Institution (NBFI), which was granted a full NBFI licence on the 11
December 2006 by the Central Bank of The Gambia. This allowed it to
raise deposits and advancing credit loans to and from the general public.
It
began its operations in February, 2007 and offered its first loan in
the same month. This followed the soft launch to the public on the
19th December 2006. The firm, which employs 50 Gambians and has an
equity capital of D30 million, was founded by Baboucarr Khan, Seedy A.B. Njie and Ismaila Faal who are all financial
professionals.
Investors:
The founders above as well as the following:-
The other private investors are 6
shareholders, ShoreCap International
Ltd. of Chicago in the US and the Dutch based
Triodos Doen International Fund Management. The last two are private
equity investment firms that invest in small going concerns and
microfinance banks based in Africa, Asia, Eastern Europe and South
America.
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Board Members of RFS Ltd.: |
| Baboucarr Khan |
Chief Executive Officer |
| Amie Bensouda |
Chair Person |
| Paul
Christensen |
President |
| Jacco Minnar |
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| Alpha Barry |
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| Ebenezer
Olufowose |
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Senior Management Team: |
| Ismaila Faal |
Chief
Operating Officer |
| Seedy A.B.
Njie |
Chief
Financial Officer |
| Assan O.
Jallow |
Head of Risk
& Compliance |
| Modou N.S.
Njie |
Information
Technology |
| Khaddy Jammeh |
Operations
Manager |
| Fatou Lowe |
Human
Resources |
Reliance Financial Services is founded on the basics of
professionalism, good social / business ethics and transparency to all
shareholders, customers and practices integrity and good corporate governance.
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