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.

COMMUNIQUE

COMMUNIQUE

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

 

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