NtaCCUL Douala Bonamoussadi branch
By Richard Nde Lajong
Activities in the Douala V municipality were almost halted with the inauguration of the Bonamoussadi branch of Ntarinkon Cooperative Credit Union Limited (NtaCCUL). Located behind Presbyterian Church Bonamoussadi (rue IPPB), this newest branch of NtaCCUL is lodged in one of the tallest buildings in the Bonamoussadi neighbourhood.
Saturday, June 4 inauguration was presided at, by Onguene Vincent, Assistant Divisional Officer of Douala V in the presence of the 3rd deputy mayor, Tamandjo Jeannot, other top personalities of Douala V, including traditional rulers and the General Manager of one of Cameroon’s largest agro-industrial company, PAMOL.
Cutting of inauguration ribbon by Assistant DO of Douala V
In his inaugural address, the Assistant DO of Douala V, underscored that NtaCCUL has become a national pride in Cameroon with 17 branches spread across the national territory and currently pays salaries of over 5,000 State workers. Besides, they have also been playing a very big role in poverty alleviation and financing of some development projects in communities.
Operating in conformity with regulations laid down by the ministry of finance, COBAC and OHADA, the Administrative Officer cautioned management and Board never to meddle into any political activities with NtaCCUL while cautioning its members too to respect the laws and state institutions.
DO, Mayor flanked by Board Chair (left) and GM (right)
While assuring management of all the administrative supports, he said NtaCCUL has brought a new dynamism in the microfinance sector in Douala V where clients will no longer carry money to different parts of the city of Douala. The Assistant DO also called on the population to make good use of this opportunity that has been brought right to their door steps as acknowledged by the many advantages that NtaCCUL has especially in the economic development of Douala V Subdivision.
Earlier, the 3rd deputy mayor of Douala V Council, Tamandjo Jeannot while welcoming guests in the municipality, appealed to the Boards of NtaCCUL not to end only with one branch in Bonamoussadi but to open up more branches.
Akuma Miranda Bih: Board Chair of NtaCCUL
Enter NtaCCUL Board Chair
Barrister Akuma Miranda Bih, Board Chair of NtaCCUL said the opening of the Douala-Bonamoussadi branch of NtaCCUL is motivated by the fact that Douala being the economic capital of Cameroon and Bonamoussadi being a fast-growing Subdivision is a motivational factor to bring Ntarinkon credit union nearer the population. Besides, the Subdivision is also host to many members of NtaCCUL, “so in one of our policies, we have to meet our members where they are.” “We also want to give the opportunity for other potential members who can’t go to other branches to open an account to do so in their neighbourhood,” said the Board Chair.
She attributed the rapid growth of NtaCCUL across the CEMAC region to trust and reliability, availability of liquidity to our members at any time. She noted that, NtaCCUL was able to grant loans to the tune of 65 billion FCFA to its customers across the board. A thing very distant from other microfinance institutions. “I use this opportunity to inform members and would-be members of NtaCCUL that we are innovating and expanding everyday to meet their needs and demands. Our greatest success is the fact that we have gone digital, with the introduction of the GIMAC card, which many financial institutions have not been able to attain.” The Board Chair underscored.
Vice President, Fru Doris Ade shakes hand with DO
Vision of NtaCCUL
The General Manager of Ntarinkon Cooperative Credit Union, Divine Ade Muma reiterated that even though NtaCCUL has gone digital, there are certain services that warrants the credit union to come closer to the people. He said with their six percent interest rate on savings, many people are anxious to benefit. The GM also announced the creation of more branches in Dschang and the Far North of Cameroon in no distant time. “Ntarinkon Credit Union is like a church. When a good gospel is preached, many Christians would like to go and listen. So with a woman as Board Chair, it is also attracting more people because women have their own way of doing things that also attract trust.” Ade said.
Group picture of some personalities
Where to locate NtaCCUL across Cameroon
The Douala-Bonamoussadi branch of NtaCCUL brings the number to five in Douala and 17th in Cameroon. With its head office in Ntarinkon, Mankon-Bamenda, the North West Regional Capital has four branches; Ntarinkon (same building with head office), Food Market (New Congelcam), Nkwen beside Armour Mezam travel agency opposite the PMI, Bamenda Up Station extension office at the governor’s junction. In Yaounde, NtaCCUL branches are found in Melen, opposite CHU and Polytech, Ekounou opposite Marche Ekounou, Yaounde-Rond Point Nlongkak, Yaounde-Mendong opposite the Administrative Court. The Bertoua branch is located opposite the Gendarmerie Legion.
The economic capital with five branches has; Douala- Bonaberi, besides the Fly-over, Cite de Palmiers opposite St Mark Catholic Church, Douala-Akwa Douche opposite COGENI, Douala extension branch at Ndobo opposite BOCOM and the Bonamoussadi branch behind Presbyterian Church, rue IPPB school.
In the South West region, NtaCCUL is located in Buea, Mile 17 roundabout, Kumba, opposite CamCCUL office; Limbe at mile 1. In the West region, NtaCCUL is located opposite MRS fuel station opposite March B and in the Adamawa region, NtaCCUL is located opposite Total Centre.
