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.
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.
Personal Banking Services:
• Entrepreneurial Accounts
• Fixed Deposits
• Children's Accounts
• Personal
Loans
• Savings Accounts
Business Banking:
• Business Savings Account for
only D1000
• Business Development Advisory
Service.
Reliance provides Micro and Small and Medium Enterprise
loans starting from D3000 up to D1.5 million for commercial
purposes
Money Transfers:
As an agent of Western Union it began its forex transfer
service on the 20th September, 2007.
Foreign Exchange:
RSF is licensed to buy and sell foreign currencies over
the counter including traveller's cheques and receiving
and sending telegraphic transfers.
Other Services:
Haj Plan:-
Minimum opening balance D10,000. The plan aims to offset
the expenses of making the pilgrimage to Mecca.
Osusu Plan:-
Based on one of Africa's oldest savings schemes it allows
for specially designed deposit slips for the Osusu
Club by which members can make individual deposits without
visiting the house of the next cash recipient.
Branches:
| Branch Location |
|
Tel no: |
| Albert Market Kiosk |
|
7877561 |
| |
|
|
| Banjul Clarkson St. |
|
7877560 |
| |
|
|
| Banjul Tobacco Road |
|
7877569 |
| |
|
|
| Bansang |
|
7877532 |
| |
|
|
| Barra Point |
|
7877538 |
| |
|
|
| Basse Santa Su |
|
7877530 |
| |
|
|
| Brikama Gamtel |
|
7877553 |
| |
|
|
|
|
|
| |
|
|
| Brikama Ba |
|
7877531 |
| |
|
|
| Bundung |
|
7877545 |
| |
|
|
| Farafenni |
|
7877534 |
| |
|
|
| Kairaba Avenue |
|
7877551 |
| |
|
|
| Lamin Village Kiosk |
|
7877549 |
| |
|
|
| Latrikunda Sabiji Kiosk |
|
7877548 |
| |
|
|
| Manjai Kunda |
|
7877546 |
| |
|
|
| Old Yundum |
|
7877547 |
| |
|
|
| Sanyang Village |
|
7877540 |
| |
|
|
| Serrekunda Kiosk |
|
7877541 |
| |
|
|
| Soma Town |
|
7877539 |
| |
|
|
| Sukuta |
|
7877542 |
| |
|
|
| Tallinding |
|
7877610 |
| |
|
|
| Westfield Junction |
|
7877536 |
*Its kiosks are aimed at getting services to the customer
and they are equipped with IT equipment and powered
by solar. |
