Chairman of the restructuring committee at Credit Mall, Dr Kweku Ainuson, has expressed optimism over the launch of an online platform for teachers to purchase items.
According to him, this has become necessary to help the fund in delivering efficient and quality service to teachers.
Credit Mall Ltd, a subsidiary of the Teachers’ fund’s online platform will enable teachers to acquire items and pay over a period of 24 months
“This is a company that has been in existence for a while and what we are doing today is re-launch of the company to make the company a lot more effective and efficient in the delivery of services to teachers. As the name suggests, this is a business that allows members of the Ghana National Association of Teachers to buy [their] everyday item, fast moving consumables, electronic items… have these items at their homes as and when they need it, then have the opportunity to pay later”.
Mr Ainuson further explained that Credit Mall makes it possible for GNAT members to make purchases.
Transacting on Credit Mall platform
Additionally, he noted that transactions can be carried out conveniently by customers with either their android or IOS phones.
Following this, Mr Ainuson indicated that members can select any item that “they so please and then pay that item later”.
“Now if for any reason, any member says they are not interested in using an android phone… there’s a number that is linked to a call centre. Once that member calls, there’ll be someone that will assist that member to be able to purchase any item of his own choice”.
Mr Ainuson further extended the company’s desire to do business with interested teacher by providing “effective and efficient” service. With this, he explained that teachers will be able to have any item of their choice.
“I think that for the teacher population out there, for our distinguished GNAT members, this is a company that has been restructured and rebranded for you. Once you select the item you want, the item will also be delivered to your doorstep.
“Your advantage as a member of GNAT is that, once you buy these items, you have the flexibility to pay over a period. So, you pay it over a 24 months period to be able to pay for the item that you select”.
Credit Mall Limited
Credit Mall Limited is a wholly owned Ghanaian company established in 2001 by the Teachers Fund of the Ghana National Association of Teachers (GNAT). The company is intended to provide unique credit solutions to members of the Teachers Fund by offering items on hire-purchase.
Based on this, teachers are offered affordable monthly repayments over the period of time compatible with income levels.
The company began by meeting the household and home appliance needs of teachers on hire-purchase. Over the years, the company’s product line has expanded to include laptop computers, motorcycles, building materials etc.
Currently, Credit Mall has begun decentralizing its operations to selected regions in order to bring the company’s services closer to teachers’ doorstep.
Teachers in deprived communities face significant transportation challenges. As a result, Teachers Credit Mall Ghana Limited has introduced auto hire-purchase for teachers. This package includes both automobiles and motorcycles.