The report stated that in the earlier part of the financial year, the BWUCCUL limited its loans for mortgages to one per month in order to control the risk of using short-term deposits to lend long term.
In addition, the Board sought other alternatives to ensure that funds were available for long-term lending, it added.
In seeking to accomplish this, they successfully negotiated a loan from the Housing Credit Fund via the Central Bank to lend to lower income members, so as to aid them in realising their dream of owing a piece of the rock.
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