About 13,267 people have been able to save 7 billion naira having an average monthly saving of 1 billion naira due to WEMA bank place digital ALAT goals that was launched a year ago.
Wema bank discovered that insufficient income was not the greatest draw back to effective saving, During the statement in announcing the outcome of a survey on saving in Nigeria carried out by ALAT, the bank said that many Nigerians do not no how to save and most of them lack discipline towards saving.
The statement read in part: “Understanding this, ALAT unveiled a bouquet of saving called GOALS . This options helps one to instill discipline and also rewarding to he person for reaching his or her savings milestones. There are three categories involved in saving goals.
The Fixed Goal: This type of GOAL serves those people who areare seek a strict savings plan.
Flexi Goal: This set of GOALS are for those in need of a not-too-rigid plan
Stash GOAL: This is the type of GOAL which caters to those seeking a rewarding for a short-t savings option.
As a family or as friend you could team up as a group and save towards a particular GOAL through group target savings. You can also use the rotating Group Savings which is popularly known as Esusu, you earn a 10 per cent annual interest – three times the standard bank rate.