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.

Announcement

Announcement

SHESA as Holding institution

PRESIDENT GENERAL   Mishe Anong Evaristus (237 677684591)

SHESACCU Managing Organ

The  Board Chairman. Mishe Mboh Patrice.(237 677669597)

Directorate of SHESACCU

GENERAL MANAGER  Mr Abueh Julius (237 675206816)

SHESACCU goes operational. The old subscription account has been closed. The new operational account is
NFC Bank 10025 00051
15101 081849  38. Business accounts can now be opened.

The Shesa Cooperative Credit Union (SHESACCUL) is pleased to inform SHESACCUL members, the entire Shesan community and the general public that the SHESACCUL Board of Directors held its 2nd BOD meeting on Saturday 13 June 2020 in Yaounde.

The Focus of the BOD meeting was to take stock of the work covered since the 25th January 2020 constituent General Assembly and also chart a route map for the way forward.

In this light, the BOD noted with satisfaction:

  • The harmonization of the 25th January 2020 By-laws, the Internal Rules and Regulations, and the Minutes of the constituent Assembly with the CamCCUL
  • Standards and the subsequent validation of all 3 fundamental documents;
  • The recruitment of 1 staff for the setting up of our registers;
  • The citing of our HQ at a strategic corner of Carefour Obili in Yaoundé;
  • Compilation and submission of our application for matriculation at the COOP/GIC, MINADER
  • Designation of BOD committees: Executive Committee, Credit Committee and a Recruitment Jury.

On charting the way forward, the BOD adopted a responsibility matrix setting out activities, determining the responsible officials and defining time lines geared towards leveraging our accreditation with MINFI by December 2020.
These include:

  • Recruitment of a General Manager;
  • Refurbishing of the Head Quarters;
  • Equipping the offices;
  • Drawing up of the business plan and a prorata budget;
  • Submitting and follow up of an application for accreditation with MINFI;
  • Carrying out a membership enlargement and savings campaign.

With close to 115 members for a total capital subscription so far of more than 105 000 000 share capital of which over 55 000 000 FCFA paid up already, SHESACCUL is bent on breaking some records and setting the standards when it gets fully operational in the coming months.

SHESACCUL: Excellence at Your Service.

BOD Chairman

MBOH Patrice Lumumba

TRIBUTE TO BROTHER NORBERT SIMMS

Do people or events make history? In the context of SHESA history, the answer is overwhelmingly the former (people). One of such persons that have impacted the life of Sacred Heart College Mankon, and by extension to SHESANS is the Late Brother Norbert Simms (affectionately called krobo pidgin for bald head).

When the civil war ended in Nigeria, the Marist Brothers Society relocated their members to Cameroon and by choice to Sacred Heart College Mankon, not St. Joseph College Sasse.
Brother Norbert brought with him some personal character traits that were to imprint attitudes for a lifetime. He was very devoted to his calling and carrying out his duties with such selfless love both to the college and the neighbouring community that he naturally was a people magneto.

Brother Norbert was multi-dimensional; an all-rounder teacher and sportsman. In the classroom, Brother Norbert taught all the subjects, sitting in for absent teachers just to avoid a void in the class. As a sportsman, he was a player, a coach and a referee as the situation demanded. He brought Chemistry to football when he introduced a league for atoms (championship for very little boys). By this way, he was inclusive as everybody was given a chance to play football. Those atoms of yesteryears have metamorphosed into compounds today and giving hope and direction to society. Krobo using the hymnal was a pianist and music director precursor to Bro Joe’s legendary choir movement.

We cannot count the number of times he returned from his native Scotland on holidays with sportswear for the games room and medicines for the infirmary talk less of the confectionaries during house feasts and games competitions. To show his attachment to his former flock Brother Norbert called his flock by their names decades after they left the college. He was truly a good shepherd.

For one thing, we are happy and proud that a dormitory was named after him during his tenure at the college. St Norbert’s dormitory. He was truly saintly.

For ordinary mortals that we are, let us immortalize him by being very devoted to the ideals that govern Sacred Heart College Mankon; Excellence, Integrity and Service.

President General

Following the successful Constituent General Assembly of the 25/01/20 in Yaounde which effectively created the Sacred Heart Ex Students Association Credit Union (SHESACCUL ), bearing in mind the huge enthusiasm manifested by mishé members and would be members ever since and pursuant to our work plan, the President of the BOD of SHESACCUL , Mishé Mboh Patrice Lumumba, on behalf of all the BOD members hereby wishes to heartily thank all Shesans, Shesanettes, Shesanites for this mark of confidence bestowed on him and his team. He further reassures them that their confidence will never be abused under his leadership. Finally, he invites each and every one of them to work together with the BOD so that this SHESACCUL venture could become the hallmark of the rebranding of Shesa that we’ve all been clamoring for.

Moving forward, he wishes to remind members and would be members that the latest date for the payment of at least 1/4 of share subscriptions is the 29/02/20 if we ambition to be considered as FOUNDING MEMBERS, with all the privileges attached to that title. Payment should be made directly into our NFC bank account, details of which and all other information concerning SHESACCUL could be gotten from our website www.shesacreditunion.com

Cordially, BOD President.

Following the Constituent General Assembly of SHESACCUL, which held in Yaoundé on the 25th of January 2020 at the Public Works School Amphi Theatre,   the following resolutions were reached:

    1. The SHESA (Sacred Heart College Ex-Students Association) Cooperative Credit Union Coop BOD is founded and its bylaws adopted as modified during this Constituent General assembly;
    2. By a unanimous  vote cast the founding members resolved that the initial (statutory) capital of the SHESA Cooperative Credit Union Coop BoD is fixed at 50 000 000 and that it shall vary as membership varies;
    3. The founding members unanimously decided that the nominal value of a share shall be 10 000 and that the minimum number of shares a member can be entitled to is 15 shares, the maximum being as per the laws and regulations in force;
    4.  By a  majority votes cast the founding members have decided that the  SHESA cooperative Credit Union Coop BOD shall affiliate to CamCCUL
    5. The founding members of the SHESA Cooperative Credit Union Coop BOD unanimously designated CamCCUL as the external auditor of the union.
    6. The founding members unanimously decided that the number of members in the Board of Directors is 5 minimum and 12 maximum, with the starting number being 6 members as the sitting President General of SHESA is an ex officio member;
    7. The founding members also decided that the number of members in the Supervisory board   shall be 3;
    8. The Constituent Assembly has mandated the elected BOD to form and declare the various sub-committees;
    9. The Constituent Assembly hereby mandates the elected BOD to recruit a competent management team, select a befitting premises for SHESACCUL headquarters in Yaoundé.
    10. After votes, the following persons are elected in the Board of Directors and in the Supervisory Board:

 

IN THE BOARD OF DIRECTORS
NAMES ADDRESS Profession Nationality Residence
1 Mboh

Lumumba

President Director

Minfi

Cam Yaounde
2 Ndofor

Gabriel

Vice president Bank

Manager

Cam Douala
3 Anong

Evaristus

Member Manager

CNIC

Cam Douala
4 Ateh

Francis

Member Journalist/Author

CRTV

Cam Yaounde
5

 

 

Fonkwo

Peter (Dr)

Member Consultant Cam Yaounde
6 Akwa

Patrick

Member Administrator Cam Yaounde
 

IN THE SUPERVISORY BOARD

 
1 Ndeke

Samuel

President Businessman Cam Limbe
2 Nangu

James

Member Auditor

CNPS

Cam Yaounde
3 Aka Amuam Member Community

Leader

Cam Yaounde

 

(1) The Constituent General of SHESACCUL hereby informs all its members
and would be members that in conformity with the CEMAC regulations
membership in the Credit Union is established by a payment of a
registration fees of 10 000FCFA, the subscription and payment of shares
and the payment of 40% of the subscribed share capital amount into the
Guarantee Fund of the Credit Union.
(2) The Constituent General of SHESACCUL hereby informs all its members
and would be members that closing date for founder members is fixed for
February 29th 2020 conditioned by payment of 25% of subscribed shares.

Board Chair

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