Generational Inheritance Group

The GIG Institute is an educational association that provides members with financial literacy, life skills and leadership training. A Co Operative Bank is based on an"old" Alternative Community Banking concept developed in Europe during the 1820's. The Co-operative Bank Act was only signed into law in South Africa in 2008. This act now allows communities (churches, schools, employer groups, etc) t

o provide their own banking or financial products. Co-operative banking dates back to the 1800's. 25% of the German economy is built on co-operative banking and this explains why Germany has handled the 2008 financial crash better than all of the European communities and the USA. The financial products offered by the GIG Co Operative Bank, as well as the training and support offered through the GIG Institute, are designed to constantly expose people to the 3 generational mindset. The GIG Co-Operative Bank offers 2 main products: interest free loans and interest bearing deposits. The Loan link Share offers Interest Free Loans up to 3* the amount a Member has saved. This form of Saving is also Interest Free. This product is designed to replace high interest debt and get out of debt faster. Once the Member is out of Debt, this instrument to be used to acquire Income Generating Assets and start his Generational Wealth Building program for his family. Interest bearing deposits offers interest on savings up to 14%. These instruments are ideal for the pensioner who needs to live of his interest or a person who has no need for loans but wishes to maximize the growth on his capital. The GIG program started in 2008 as the result of the insight gained by the founder Jasper Cloete on the power of Generational Inheritance:

Prov 13:22 A good man leaves an inheritance for his children's children, and the wealth of the sinner is laid up for the just. This philosophy has now translated into a program called GIG. Once trust is built within the group they then pool resources to investigate business opportunities around them. If they come across lucrative opportunities too big to handle within their group, they have access to the bigger national GIG structures for help in funding, business plans, etc.