MAWOCCUL
BRIEF HISTORY
M’mockmbie All Workers Cooperative Credit Union Ltd (MAWOCCUL) with a Board of Directors (COOP-BOD) is a savings and lending category one microfinance institution that was created in 2019 with an initial 28 members team from a social group called M’mockmbie all workers Union Bamenda (MOWUB) and registered with COOPGIC certificate number 19/058/CMR/NW/38/202/CCA/036004/036004000 and Reg. No. TPPRR: RC/BDA/2021B/0000315. The primary aim was to put together financial resources and grow as a block. Its doors were finally opened on the 18th of March 2020. The Credit Union operates in strict compliance with COBAC/OHADA norms and the principles of Credit Unionism at the pivot.
MISSSION
- The Mission of MAWOCCUL is to be a Trustworthy Partner in the Socio-economic Wellbeing of her Members
VISION
- The Vision of MAWOCCUL is to be a Veritable Leader in the 21st Century Category One Microfinance Sector
PRODUCTS & SERVICES
Savings and loan scheme
Njangi financing
Electronic money services (MTN MoMo & Orange Money)
Daily savings collection
Overdraft facilities
Bank standing orders
Future generation accounts
Project/Business financing
Bank deposits
Mortgage for loans to civil servants
Term deposits
Payment of bills Payment of salaries
E-Banking
PIONEER ELECTED OFFICIALS
Ø Board of Directors (5)
HRH Chief Fossong Charles (President)
Dr Azeteh Ignatius Nkendem (Vice President Mrs Ajama Nkengazem Seraphine (Secretary)
Following advice of the apex organ (RECCU-CAM) and in consonance with the rapid growth rate of the Credit Union barely after two years of existence, the number of members of the Board of Directors was increased to five at the 2022 AGM. The following were elected to join the pioneer board members;
Mr Ndifor Gabriel Mbusop Mrs Nyongka’a Leontine Foje
Ø Supervisory Board (3)
The pioneer supervisory board members were; Ndi Nkemnjetieuh Ntemgwa Fidelis, Mrs Ngecha Chafac Melanie Sylrine, and Ndenchi Edmond. After elections and other reasons the present supervisory board members are;
Ngecha Chafac Melanie Sylrine (President) Nytindem Armstrong (Secretary)
Akwanga Julius Anateh
- Youth Committee (3) Anangafac Prisco Ngengang Wamba Getian Asonganya Miranda
Ø Women Committee (3)
Mrs Asong Yvonne Fonzumella Felicia Fonge Doris
PIONEER WORKERS
Nkemndong Awende Nelly (Manager/Accountant) Tendongafac Misline (Cashier)
The credit MAWOCCUL presently operates with five workers and still needs the services of
more daily collectors.
BRANCHES
Presently, MAWOCCUL has only her main/operational office in Bamenda. As soon as the accreditation procedure of the Credit Union is finalized branches will go operational particularly in M’mockmbie Fondom which is the seat of the head office of MAWOCCUL. MAWOCCUL IN PICTURES
MAWOCCUL: In a relaxed mood with strategic grass root partners after business –
SACCCUL, MOTACUL and BAKERS from left to right, respectively
MAWOCCUL: Board and members come together during AGMs to evaluate the past and to chat a way forward for the wellbeing of the credit union. (From left to right; Board and other elected officials, President presenting a key note address at the AGM, Cross section of members participating at the AGM
MAWOCCUL: The Board and committees and workers are always in contact with members and potential members
MAWOCCUL: Left – A cross section of members after a successful AGM, Right – MOWUCCUL women, the backbone of the credit union
MAWOCCUL: The synergy amongst the MAWOCCUL – Bamenda Office by Night
management team is second to none