Izwe Savings and Loans Limited, a non-bank financial institution, is tailoring policies to support and facilitate the development of small and medium scale enterprises in Ghana.

The implementation of the policies would help improve the operations of targeted businesses to advance national development.

The institution’s decade of operation has been commended by the Asantehene.

As part of its 10th anniversary, the board and management of the Izwe Savings and Loans Limited paid a courtesy call on the Asantehene, Otumfuo Osei Tutu II at the Manhyia Palace in Kumasi.

The Asantehene admonished the institution to continue with its good service, but cautioned against unscrupulous individuals.

“These microfinance institutions help in developing the country’s economy. These financial institutions have to devise means to improve their services and products for the good people of the country.

“But this outfit should be mindful of the people they trade with. Many financial institutions have fallen because of the uncivilized persons they worked with.

“The workers should also commit to the job,” he advised.

The institution has been operating in the Ashanti Region for the past 8 years.

The institution, since its establishment in 2012, has provided financial services to both public and private sector workers.

Chief Executive Officer, Raymond Kwakye Bismarck, said Izwe is devising strategies and evolving services to meet the needs of SMEs.

He believes support for the SMEs would advance development, especially for those in the agricultural sector.

“The institution has opened its third branch in the Ashanti market. In the last few years, we’ve taken time to develop our products and services that will meet the needs of the SMEs including savings and loans services.

“We believe that it is a vibrant sector. Ghana can develop if that sector is developed,” he said.