Well, first things first. As we speak right now, Pasbanc is a duly registered investment legal entity according to the laws of Uganda. So that means that in case of any unexpected conflict of interests deemed unjust, one could just go to the public courts of law to resolve any such conflicts that go against our terms of conduct, if at all any.
Most people who ask us this kind of question want to know how safe their funds are, and we are always glad to answer that they are indeed very safe. For some quick answers, we have included some information in our section on pasbanc.com. You may find it helpful.
However, it looks like to us one has but two choices;
- Trust us and what we do, and take us at our word.
- Or, trust in the fact that in case of anything unexpected outside our terms of operation, then one can always go ahead and pursue legal redress as we’re a body corporate that one can sue if need be.
Beyond that, there’s almost no other way to furnish anyone’s “trust” issues with any other substantial answers. Maybe if we just write you a bunch of corporate speech and you hold on to that, but that would be intellectual dishonesty. We adhere to the truth as much as possible, and that’s what we always seek to disseminate in all our customer engagements.
It’s no secret that we live in a world of really huge states/governments. And it happens so that outside of the trust you may have towards other entities or individuals (whatever the reasons may be), there are almost no other ways of defining trust except by that entity’s or individual’s relationship with the state(s). As to whether that’s good or bad that we can’t decide for you, but one thing is certain with us, and it’s the fact that we do have a state relation if that’s what you’re interested in, so you can rest assured that you have a backup of last resort.
Otherwise, what guarantee is there for your money in the bank or mobile wallets? It’s not that the bank gave you land titles in exchange for your deposits or that the management pledged their fortunes to you in case of any mishap, but you always choose to go ahead and conduct business with them anyway. Why is that? Because you trust they can’t defraud you, for it would be to their detriment. How? You could sue them, and the other is they could be out of business anyway. But what matters most to many is the possibility of the state rescuing them in case of anything outrightly unjust according to their terms of business with other entities. Consequently, it’s not about any apparent “material guarantees” as such, but about trusting them to either do their job according to what was promised or about leveraging the state relation in case of a disagreement. And that’s the same with Pasbanc.
You could either trust us or trust the state relation we have. Either way, we’re committed to operating as we’ve set out to do and you can always take us at our word or so. Such is the ultimate “guarantee for your funds”, in that our vision is true stewardship and we’re fully committed to that.
Start a greatly rewarding saving journey with us today. Visit https://my.pasbanc.com/signup to get started.
Originally published at https://pasbanc.substack.com on December 14, 2022.
