MITACUUL charts growth ways

The Mitanyen Co-operative Credit Union limited, MITACCUL, has adopted circa FCFA 728 budget. This billion as budget for the 2015 fiscal year is to be realised through savings and other internal income generating ventures.

The budget will be used in running the micro-finance institution for 2015, issuing loans to members, fighting loan delinquency among members, as well as contributing to the Credit Union League.

The FCFA 728 billion was adopted during the 15th Annual General Meeting, AGM, of MITACCUL that took place at the institution’s multipurpose hall in Bamenda.

The AGM featured the presentation of the Board of Directors activities, annual reports, presentation of audited accounts, the introduction of new members and the adoption and validation of the 2015 budget.

Presenting the Women’s Committee AnnualReport, Pricilla Amaah Tasinga, evaluated the activities of the various sectors especially the successes recorded in 2014.

She noted the creation of a new MITACCUL branch office that went operational in January, the newly installed Automated Teller Machine, ATM, at the union’s head office that will assist members with cards to do withdrawal even after working hours and other successes.

In his report on the activities of the Board of Directors, BOD, the Chairman of the BOD, Stanly Muluh, said the Union was interconnected with all branches and a biometric team attendance put in place to check staff punctuality.

Muluh further stated that the 2015 budget, among other things, will generate appropriate interest to help the credit union to carry out aggressive loan recoveries amongst others.

It should be recalled that the Mitanyen Co-operative Credit Union was created in 2000 and has a current membership of 7,840.