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INTERVIEW
WITH MR. VALERIAN MENEZES , PRESIDENT OF CATHOLIC CREDIT CO-OPERATIVE
SOCIETY We are happy to publish an interview with Mr. Valerian Menezes, President, Catholic Credit Co-operative Society, Brahmavar. The Catholic Credit Co-operative Society Ltd., is presently having a deposit base of Rs. 1.94 Crore and Advances of Rs. 1.39 Crores and having profit of Rs. 3.40 Lakhs. Mr. Lancer Fernandes and Ms. Shaila D’Souza interviewed him, exclusively for www.barkur.com Mr.
Menezes, Mr.Lancer Fernandes and Ms. Shaila D'Souza Lancer
and Shaila: We would like to congratulate
you on behalf of "barkur.com" on your splendid performance as
the president of Catholic Credit Co-op Society Ltd. As its founder
president you turned the
dream of the local people, into a
reality. At this juncture we would like to have your views on the
following questions for the
sake of our viewers on "barkur.com" site. Q: What
prompted you
for having thought
of starting a society by name "Catholic Credit Co-op. Society
Ltd" in Brahmavar. A: Yes, the idea was
there in our mind way back in
1990, but could not take a
shape. We were planning to open a bank
with Kundapur as its center but
could not implement the idea for one or other reasons.In the year 1996 when Fr. Mark D'Sa was the Parish Priest of Kota we had
arranged a meeting at Kota and involved all the
like minded
people from Barkur,
Brahmavar, Sastan
and Kota. Mr. Valerian Rodrigues, Asst.
Registrar for Societies was asked
to give us some ideas. The meeting
was a turning point and leaders present during the
meeting were
prepared to collect the required amount
of capital (Minimum
3 lakhs with 300 members). The
results were
very positive
and the leaders could collect more than 5 lakhs rupees (with 700
members) as initial
capital within
stipulated period
and laid solid foundation to the
society. The Society was inaugurated on 15th July 1997 at
Holy Family Complex,
Brahmavar. Q: Have
you got any plans to convert the society into a Bank in the near
future. ? A
: At present
we are having a capital base of Rs. 16.00 lakhs and we are trying
to collect more capital. Once we reach the capital base of Rs. 25.00
lakhs with 1500 members we can
apply to R B I
for conversion
of the society
into a Bank. With steady growth we hope to reach this target very
soon. Q
: Can
you please brief
about the progress of Sastan Branch and are you
having any idea of opening some more branches ? A : Sastan branch is
making steady progress. Initially
we can't expect profit
we have to improve our clientele base first and then
automatically business
will grow.
We are thankful
to Late
Mr. John Furtado, Director from Sastan who was instrumental in the speedy
growth of our
society and helped us a lot. We
pay our respcts to him and may the Lord give him eternal peace.
We are having plans to open our branches in Barkur and Kolalagiri in the near future. Q: Is
there a plan to shift the office to owned premises from the present
rented premises? A : Of
cource we
are having this idea
of shifting our office to our own premises. But there are many problems.
We are searching for a centrally located premise in Brahmavar. As
soon as we get one we will move on to it. Q: Are you not facing stiff competition from other financial institutions and what are your plans to overcome this crisis situation ? Dedicated
Staff members A: Our staff members
are very polite
and are equipped with competitive knowledge and we are giving
quality training to them,
which will help us to overcome
the difficulties. Imaginative
administration will definitely keep us ahead of others.
We are having many attractive schemes for construction of
residential houses and self-employment. So we are hopeful of
successfully absorbing the present situation. We are having
a plan
to help
the poor and
unemployed youth, and for this purpose
we are pooling a fund by
the proceeds of donations,
unclaimed dividend
etc., and lend the same to the needy people with concessional rates
of interest for the purposes
of self employment etc. and if the borrower pays the installments regularly
then we will refund the interest amount as a bonus to him. Q: What
is your message to the present generation ? A: Struggle hard and
succeed in your life. There is no short cut for the success. Hard work
only will give you happiness and peace in your life. Lancer
and Shaila : On behlf of the
"barkur.com" team members and viewers
we wish you, all the directors
and staff members very best in the days
to come. |
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Barkur, located in Udupi Taluk, Karnataka, India. 576 210 |
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