ROLE AND RESPONSIBILITY

The core foundation of the PNG Federation of Savings and Loan Societies (FESALOS) as a democratic organization is to improve the economic situation of its members.

The Federation of Savings and Loan Societies Limited (FESALOS) is a national organization formed by savings and loan societies throughout Papua New Guinea. Its mission is to promote and strengthen savings and loan societies to enhance the social economic development needs to its members.

FESALOS provides technical assistance to ensure that existing savings and loan societies continue to be viable and sustainable.

Enhancing and promoting one of the Credit Union Principals of cooperation among cooperatives, FESALOS was registered and took over the role in providing services to Societies, together with responsibilities of all administrations of the Savings and Loan Movement from the Reserve Bank of Australia.