At training with Affiliates
To ensure efficiency, integrity, accountability, respect, commitment, cohesion and transparency in the management of its members and the liquidity at their disposal, Renaissance Cooperative Credit Unions in Cameroon (RECCU-CAM) has organized a one day capacity building workshop for elected officials, managers, accountants and loan officers.
Ndonwi Derick Shu, President of RECCU-CAM
Speaking as he officially opened the workshop, the President of RECCU-CAM, Ndonwi Derick said, "As affiliates grow and scale their operations, they face new challenges in terms of management,
compliance, and financial sustainability. Training ensures that affiliates are prepared to handle these
challenges by equipping them with the necessary skills to manage larger portfolios, implement more sophisticated financial products, and effectively serve a growing customer base.
"By strengthening the capacity of affiliates to manage their operations effectively and sustainably,
training contributes to the long-term success of both individual institutions and the network as a
whole. Affiliates are better able to weather financial downturns, adapt to changing market
conditions, and scale their operations responsibly." Ndonwi Derick said.
To ensure that the training of workers for affiliates continue and that the trainings are tailored to suit the challenges of the times, RECCU-CAM has launched the "Vocational training Institute for Microfinance Institutions and Entrepreneurship (VTIME).
According to Ndonwi Derick Shu, "this will become operational in 2026. This is the RIFA project that we have been clamouring for many years. We are in the process of finalizing the registration on or before the end of November 2025. This institute is a visionary project- a testament to our commitment to capacity building and empowerment. It will serve as a centre of excellence, equipping our affiliates, young entrepreneurs and community leaders with the knowledge and skills required to manage microfinance institutions and other corporate organizations effectively and to drive sustainable entrepreneurship.
Nkweti Miranda, GM Mmuock Letieh
Nkweti Miranda Fianwa, General Manager of Mmuock Letieh Cooperative Credit Union, said this will help them to assist their members, petite traders in the Union on the best decisions to make and on how to manage their liquidity in a sustainable manner.
The Renaissance Cooperative Credit Unions in Cameroon also launched its Affiliate Banking Platform. The platform is designed exclusively for its affiliates.
GM of RECCU-CAM, Sanyi Louis
According to the General Manager of RECCU-CAM, Sanyi Louis, "when you look at the cooperative structure worldwide, you will see that they run a central finance facility which we term, Affiliate Banking. You realize that our affiliates run to the banks to borrow money at exorbitant rates and tough conditions. How will you be in a sector that deals with finances and you're running towards others in the sector? He asked.
"RECCU-CAM currently gives out loans to it's affiliates at 0.6%, the lowest you can find around." The GM said.
Ndonwi Derick said with the coming of the Affiliate Banking, the unions can better do business without the lengthy procedures of obtaining money from classical banks.
"We will be able to serve our members immediately and effectively and this pooling funds will greatly help weaker credit unions to become stronger and competitive while the already strong unions will be expanding." The President said. The affiliate banking initiative of RECCU-CAM is already operational.
Fola Yvonne
To Fola Yvonne Tamambang, Accountant at Bambili Cooperative Credit Union, the affiliate banking initiative is the best product RECCU-CAM has to offer.
Renaissance Cooperative Credit Unions in Cameroon currently counts 60 affiliates.
By
Ndi Tsembom Elvis
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