Ntarikon Credit Union Diaspora Campaign to boost investment in CMR

Most people in the Diaspora have lost confidence in friends and family members when it comes to investing back home given past experiences.

There are cases of houses constructed only in pictures after colossal sums of money have been wired in from abroad only to turn out that the huge sums were squandered by those entrusted with.

The management of Ntarinkon Cooperative Credit Union, NTACCUL, shall in the days ahead set out on a Diaspora campaign to rekindle the spirit of investment back home in Cameroonians living abroad, this time through NTACCUL.

This disclosure was made public by the General Manager of NTACCUL, Divine Muma, during an award ceremony recently in Bamenda. NTACCUL had a prize as best managed microfinance institution, demonstrating unmatched customer services.

This goes to portray accountability and transparency in handling members’ savings. The General Manager, who accompanied the President, Cletus Anye Matoya, to receive the award, said it was the second award of excellence NTACCUL was receiving for 2014.

The first award was accorded by Think Tank Group dubbed Milestone Award, for upholding the spirit of excellence, business development, growth and expansion.

About three years ago NTACCUL had just 7,000 members and today it has grown to 32,000 with a lot of pressure at the counters.

The General Manager said in order to decongest the counters an Automated Teller Machine shall be introduced in all the branches as NTACCUL expands to other towns and cities.

According to the President of NTACCUL, this vision to get Cameroonians in the Diaspora to restart investing back home through NTACCUL is in line with realising Vision 2035 as propagated by the Head of State, Paul Biya. He said NTACCUL shall dispatch a team of experts in investment projects to tour America and Europe and talk to Cameroonians on how to invest back home without stress through NTACCUL.

Another package introduced at NTACCUL is the one-stop-shop where water and electricity bills are paid at all branches in the country. Members would not have to queue up at payment centers of these institutions just to pay bills.

Talking about the secret behind the rapid growth of NTACCUL, the General Manager said it is good customer services which sells the credit union to the public.