 |
| Tarlishi Oliver: President of NKaTCCUL |
With a membership of 4,269 as at the day of the Annual General Meeting, the Nkambe Town Cooperative Credit Union LTD (NKaTCCUL) is
one of the vibrant microfinance in Donga Mantung Division. The 49th
Annual General Meeting (AGM) of Saturday February 3, 2018 was an opportunity
for members to take stock, evaluate and make better projections for a fruitful
2018. Addressing members at the Nkambe Community hall, NKaTCCUL President
Tarlishi Oliver Yinyu said that the year 2017 just ebbed out ushering another
promising financial year for the microfinance. According to Tarlishi Oliver the
socio political situation in the North West and South West Regions hampered the
credit very negatively as loan payment has dropped and savings have recorded a
geometric decrease. This he reiterated has also rendered most of the loans
delinquent. “We pray for stability in our region/Cameroon at large this year
2018 so that we record a positive result at the end of the financial year”, he
continued. He however ended with a note
of hope when he emphasized that the year 2018 is the third year of NKaTCCUL’s
five year strategic development plan which will enable the microfinance to
annul all losses incurred since 1968. He used the opportunity to dough a hat to
members who save regularly, borrow wisely and repay promptly as well as the
administration of of Donga Mantung Division for the enormous contribution to
support NKaTCCUL in its strive to alleviate poverty in rural areas.
“I have a dream, I dream that come 2018,
NKaTCCUL will stand on her feet and pay a better interest on members’ savings,
increase membership, better living standards for her members by alleviating
poverty and why not own a building that reflects our standard”.
Matters
Arising
By
December 31, 2017 the total amount for shares stood at FCFA 99.387.000 as
opposed to FCFA 94.423.000 for 2016 representing an increasing of FCFA
4.964.000 corresponding to 6.6% in relative terms.
On the other hand, Savings stood at FCFA
1.049.686.000 as against FCFA 1.057.763.000 indicating a decrease of FCFA
7.895.000. This is however very critical given that the growth of any
microfinance depends on the saving habits of members. Though the delinquency
rate and rate of loan payment was not mentioned, the report indicated that loan
portfolio dropped from FCFA 756. 570.000 to FCFA 693.636.000. One of the major
achievements revealed to members was the acquisition a building known as Fantasia
located opposite Guarantee Express in Nkambe.
When News Breaks Out, We Break In. (The 2014 Bloggies Finalist)
No comments:
Post a Comment