Board, Management and Staff pose with latest award (Pic. The Herald Tribune)
By Richard Nde Lajong
Ntarinkon Cooperative Credit Union Limited (NtaCCUL), which has had an unbeaten record as the best microfinance institution within CEMAC has featured amongst the best Credit Unions in Africa according to ranking by the Confederation of African Credit Unions. This disclosure was made by Divine Ade Muma, the General Manager of NtaCCUL on Saturday, May 30 during the Decennial Trendsetters Award Night of one of Cameroon’s most authoritative English Language newspapers, The Voice.
Fru Doris Ade: NtaCCUL Vice President pose with smiles over award
The crowd-pulling event saw NtaCCUL add to its series of awards, The Best Microfinance Institution of the Decade Award. Organisers say it is the highest distinction conferred upon NtaCCUL for ten years of unparalleled excellence and institutional stability. In a competitive financial market, NtaCCUL has emerged as a titan, distinguished by its robust financial records and a culture of transparency that inspires absolute trust. They further say the award specially recognises NtaCCUL’s member-first philosophy, headlined by a staggering 6% interest rate on savings – figure that stands as a testament to the institution’s profitability and its commitment to rewarding the loyalty of its members. Furthermore, by merging mouthwatering services with rock-solid reliability, NtaCCUL has redefined the standard for cooperative banking in Cameroon.
Speaking after receiving the award, the General Manager told journalists that NtaCCUL is aiming to be at the top of all credit unions in Africa especially with the robust digitalisation system that has been put in place.
He said with a membership that is above 120.000 and keeps growing, a lot of queues are noticed in all their branches, they have moved to the level where people have to stay in their comfort of their homes or office and do transactions without necessarily going to any of their branches. “All our branches have been installed with ATM Machines that clients of NtaCCUL can deposit money even in the night.
Speaking about its 7th position amongst the best credit unions in Africa, Ade said “the biggest credit union in Africa has about 400 thousand members and we are looking forward to beat that record in just a short time.”
He said as part of their digitalisation process, the first consignment of the GIMAC cards are already available and members are already applying to have their own. “In the days ahead, we shall be launching the cards and members can start applying for them,” the GM said while brandishing his own.
Rare Distinction of General Manager
Winner of Most Innovative, Creative and Digitally Savvy General Manager of the Decade award
The success story of Ntarinkon Credit Union cannot be concluded without the team captain, Divine Ade Muma. He is one of the rare General Managers any micro financial institution has ever had in Cameroon. He has earned several personal awards and counting because of his innovative ideas at NtaCCUL. No doubt, the financial institution has been rated best in the CEMAC region and 7th in Africa.
While Ntarinkon Credit Union walked on a red carpet to receive the Best Microfinance Institution of the Decade Award, the General Manager, Divine Ade Muma had earlier walked on the same red carpet to receive the award of the Most Innovative, Creative and Digitally Savvy General Manager of the Decade.
According to The Voice Newspaper Decennial Trendsetters Award Committee led by the National President of the Cameroon English Language Newspaper Association who also doubles as Publisher of Cameroon’s lone English Language Daily Newspaper, Kristian Ngah Christian, the award appreciates Divine Ade for his best-in-class management of the Ntarinkon Cooperative Credit Union Limited, positioning it as the most enterprising financial cooperative within the CEMAC sub-region.
“Under your performant stewardship, NtaCCUL has achieved a level of institutional growth and stability that serves as a benchmark for the industry.This award celebrates a General Manager whose excellence in governance has turned a local vision into a regional success story,” the message on the recognition read.
