The 48th Annual General
Meeting of the Cameroon Cooperative Credit Union League-CamCCUL took place on
June 25, 2016 at Talotel Hotel in Bafoussam in the West Region of Cameroon.
Addressing delegates in Bafoussam, West Governor Fonka Augustine applauded
CamCCUL for its contribution in alleviating poverty. He called on delegates to
be diligent in examining and deliberating on pertinent issues that affects the
standard of living of affiliated movements.
On his part, the Government Delegate
to Bafousam city council also enjoined CamCCUL for selecting the city of
Bafoussam to host such a historic event. He said in 48 years, CamCCUL has acted
as a veritable development catalyst in rural areas, semi urban and urban
cities. “The multiplier effects of your initiative and actions are laudable in
contributing to the socio-economic advancement of our city and in the reduction
of rural exodus”. He exhausted the management organs of CamCCUL for their
dynamism and leadership skills.
Musa Shey Nfor, CamCCUL President
used the solemn opportunity to special words of thanks to Government as well as
delegates of the CamCCUL Network who took the pains to travel to Bafoussam. He
also extended special appreciations to the Governor of the West Region and the
Government Delegate to the Bafoussam City council for consistently and
consciously choosing to set aside other numerous duties to preside over the
official opening ceremony of the 48th Ordinary Elective Annual
General Meeting of CamCCUL. “May I also extend special thanks to the
Representatives of H.E the Ministers of Finance, MINADER, MINEPAT, MINEPIA and
other partners in development”.
To Musa Shey Nfor, “Great events
happen in Great Places when Great people are in charge”. This he said is true
with the caliber of persons present at the event. Harping on the exponential
changes that have occurred since 1963 that the first Cameroon Credit Union was
created in Njinikom with just 50FCFA as savings, he added that “changes come
with challenges and challenges build changing challengers, reasons why CamCCUL
is;
· Collectively we have changed and challenged poverty
· Standing behind the Government as directed by the Head of
state, we are challenging insecurity
· Moving alongside our partners in development we are
challenging and changing senseless divisions into meaningful unity and
solidarity through inclusive proximity financial services for our members in
Batoufam, Kolofata, Meyong Mesala, Munyenge, Fura-Awa, Victoria, Garoua Boulai,
Nwa, Oku, Mora, Mvondou just to name a few.
He emphasized that CamCCUL is making
the difference because the network has long understood the distance between
dreams and reality. He expressed gratitude to MINEPAT for choosing CamCCUL as a
principal agent in executing the Govt Sub Project for Poverty Reduction at the
Grass root. The Ministers of Agriculture was also applauded for choosing
CamCCUL as beneficiary in the PADMIR, PAPA and the Ministry of Livestock
selecting CamCCUL as beneficiary/partner of projects such as ADPAM, SOWEDA,
MIDENO/LIFIDEP microcredit component. He appealed to Government to put in place
accelerated, protected and truly simple recovery procedures for loans in Credit
Unions to check the unfortunate attitude of those who “Borrow Big from Small
Credit Unions, Refuse to Pay, But Prefer to Fight them using Big Means”.
CamCCUL he reiterated is convinced that there is sufficient evidence to qualify
certain acts of loan delinquency and to provide them a deterrent place in the
new Penal Code (criminal). Musa Shey Nfor also pleaded on Government to improve
and pay special security attention to credit unions located in rural areas as
well as introduce a special adapted tax regime to credit union to curb cases of
tax harassments. He also lamented that while CamCCUL is using ATMs (Automatic
Teller Machines) for modernization; enemies of progress have developed and are
using ABMs (Automatic Blackmailing Machines) which consist of “Rumour Harams”
aimed at spreading falsehood to create panic about CamCCUL.
Enter MINEPAT, MINFI, MINEPIA Representatives
MINEPAT Representative Bopda
Florence, National Director of Sub program for poverty alleviation at
grassroot-Phase II said she was overwhelmed over CamCCUL/MINEPAT partnership.
She said that through CamCCUL they have reached over 200 groups and has already
disbursed 388 million FCFA while at the level of CamCCUL the sum of 361 million
has been shared.
The Representative of MINFI said
that his ministry looks up to CamCCUL as a model in the microfinance sector and
will make sure that it is accompanied and supported. He lauded Musa Sgey Nfor
as a exemplary leader and called on affiliates to respect the COBAC norms.
Musa Shey Nfor Wins Big
Elections into the Board of CamCCUL
marked the turning point of the Bafoussam AGM. Though Kumba delegates could not
reach an early consensus on their candidates, the issue was resolved amicably
before matters could come to a head. At the end of the day, Musa Shey got a
crushing win as 146 delegates of the 148 renewed confidence and trust in him.
To the Presidents of Bayela, MITAYEN and the Nkambe Cooperative Credit Union,
CamCCUL delegates made a very good choice.
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