Welcome to Shesa Credit Union
SHESA Credit Union is a Micro Finance initiative that provides a sort of self-help mechanisms to empower members financially and also encourage Investments and business initiatives amongst SHESANS. Drawing inspiration from this at the AGM 18 in Douala the idea was discussed and a think tank put in place to report to the next AGM. At the AGM 19 in Tiko the Steering Committee Head Mishe Mboh Lumumba presented the project. It was unanimously adopted by way of resolution as a prior project for SHESA and the Steering Committee transformed into the Project Team.
Who can own shares?
By law a co operative is opened by a group of persons who have something in common and have come together to pool resources to form a Credit Union. In this case SHESANS and its derivatives; their families ( SHESANETTES, SHESANITTES).
Who manages SCU?
SHESA is only sponsoring the project. Once the Constituent General Assembly meets and chooses the Management Structure; The Board and in turn the Management Team SHESA fades into oblivion. Accountable management now takes over under the Business Law Rules ( OHADA)
are my deposits secure?
Guarantees are at two levels. Internal mechanisms and institutional safeguards.
Internal mechanism. Team approach. Committees usually oversee loans which have been the
greatest pitfall of others before us. Strong and stringent procedures will be put in place.