SHESA CREDIT UNION

Microfinance by SHESANS

SHESA CREDIT UNION

Microfinance by SHESANS

What is the legal personality of the Credit Union?

SHESA CREDIT UNION is a category one micro finance institution per the regulation in force. 01/02/CEMAC/UMAC/COBAC of 2002 . Art 5 therein makes it a co operative institution.

Welcome to Shesa Credit Union

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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.
Institutional safeguards.

Presentation of the
SHESA Microfinance Institution Project

Microfinance institutions are organizations that offer financial services to the low
population. Therefore, it’s a category of financial service that targets individuals and small
businesses that lack access to conventional banking and related services for example; saving
and checking accounts, payment systems and microcredit etc.
The Legal Framework of Microfinance

Why chose SHESA CREDIT UNION?

Institutional safeguards. Voting will be by one man one vote not one share one vote to limit the risk, a situation whereby big shareholders hijack the union and dictate business. Secondly the Credit union will be affiliated to a supervisory institution like Camcull or Ntarikon which provides; (1) technical supervision and training to ensure compliance and (2) provides a cushion to absorb any unforeseen shock in the market – a kind of insurance. (3) The new bill on defaulters of loans. The new bill now makes voluntary defaulters of loans liable to prison terms unlike before where recoveries were a painful exercise.

ENQUIRIES

Please forward all questions to the following contacts

Anong Evaristus

anongman@yahoo.fr
(237)677684591

Mboh Patrice 

mbohtenengang@yahoo.com
(237)677669597

Dr Fonkwo Peter 

peterfonwo@yahoo.com
(237)699996766

SHESA Credit Union

SHESA CREDIT UNION is a category one micro finance institution per the regulation in force. 01/02/CEMAC/UMAC/COBAC of 2002 . Art 5 therein makes it a co operative institution.

Working Hours

  • Monday 8am-7pm PST
  • Tuesday-Friday 8am-8pm PST
  • Saturday 10am-6pm PST
  • Sunday 11am-6pm PST