NTACCUL Solutions Diasporas Problem Investing Back Home

By Ignatius Nji

Matoya Cletus Anye President Of NTACCUL

 

Most people in the Diasporas 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 fabulous sums have been wired in from abroad only to turn out that the colossal sums were being squandered by those entrusted with. The management of Ntarinkon Cooperative Credit Union NTACCUL shall in the days ahead set out on a Diasporas 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, Mr. Divine Muma during an award ceremony of excellence organized by the Guardian Post Newspaper at Azam last February 28. 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, Matoya Cletus Anye 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. Some three years ago NTACCUL had just 7000 members and today it has grown to 32000 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 expanse to other towns and cities.

According to the President of NTACCUL, this vision to get Cameroonians in the Diasporas to restart investing back home through NTACCUL is in line with realizing vision 2035 as propagated by the Head of State Paul Biya. NTACCUL shall dispatch a team of experts in investment projects to tour America and Europe talking to Cameroonians on how to stress free invest back home. Another package introduced at NTACCUL is the one stop shop where water/electricity bills are paid at all NTACCUL branches in the country. Members would have to queue up at payment centers of these institutions just pay bills. Talking about the secret behind the rapid growth the General Manager said it is good customer services which sells the credit union to the public that keep streaming in, in their numbers.