The Bamenda Police Co-operative Credit Union-BAPCCUL,
one of the leading micro finance affiliated to the CamCCUL network held its
Education Annual General Meeting-AEGM in Nkambe and Ndu on Sunday May 17, and 18
respectively. The EAGM which took place at the CamCCUL Hall in Nkambe and
BAPCCUL esplanade in Ndu on the theme: How to Make Life Better brought together
over 1000 members from far and near. Members came from far off areas like Ako,
Berabe, Lus, Mayo-Binka, Nwa and Sabongari to listen to BAPCCUL officials on
the new loan policy and other innovative services. Addressing
members at Nkambe and
Ndu respectively, BAPCCUL Board chairman expressed gratitude and thanks to the administration of Donga Mantung as well as members for taking time off their busy schedule to be part of the AEGM. Musa Shey Nfor told members and would-be members that BAPCCUL has initiated a new loan policy
which will enable its affiliates to enjoy diversified advantages such as loan
guarantee from friends or family members of different credit unions. He said
this new approach is intended to improve on the level of loan consumption and
recovery. Musa Shey Nfor took time to talk elaborately on the various services
offered by BAPCCUL and the evulotion of the newly created BAPCCUL branches in
Bamenda and Bafoussam. In Bamenda for example, he said that in the days ahead,
Sunday services shall be put in place to enable members carry out savings after
“njangi meetings”. In the Nkambe Branch, Musa Shey Nfor observed that
membership increased from 1011 to 1284 representing 27%. He also revealed that
102 members have already registered at the Lus collection point and their
savings stand at 2 million FCFA.
On his part the General Manager of BAPCCUL, Ngum
Godlove expressed satisfaction at the level of involvement of members in
sustaining their activities. He also disclosed that members in Nkambe mobilized
over 700 million FCFA while those at Ndu were also able to save above 350
million FCFA. More than a billion FCFA was reported to have been mobilized in
Donga Mantung Division. Some of the key speakers included Musa Elvis, BAPCCUL
board member and a handful of others. During the EAGM, members also gave
testimonies on how they have been able to improve their lives thanks to
BAPCCUL. Besides, members also had the opportunity to express their worries to
the officials. The Senior State Counsel for Donga Mantung also used the
opportunity to caution members not to fall prey to 419ners. He advised them
that if anyone come to them to borrow money, on grounds that he/she will pay
20% later, they should rather show them BAPCCUL where interest rate is at 1%.
This he said will save them the headache of being scammed and or moving up and
down to recover the money.The Fon of Nkambe, HRH Fon Ibrahim Jabfu Nfor testified tch was created in Nkambe, the number of storey buildings have increased. Fon Mbunwe of Mbot also told this reporter that BAPCCUL is the most reliable and that farming groups of Mbot have benefit alot from the loan scheme. The Fon of Wat, Lus were also part of the EAGM
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