By David Atangana
Ex students of Government Bilingual High School Fundong, class of 2009, have resolved to empower their members and the entire class financially.
This was the resolve of all delegates meeting in Buea recently during the 2022 annual general assembly that saw delegates from across the country in attendance.
In his keynote address to delegates in Buea, the national president, Beng Eric in welcoming the delegates, described the day as a special one that is reminiscent of the last appointment in Bafoussam while thanking God for keeping everyone alive till date.
He underlined the effective registration of the group as a legal entity in the past year as a big achievement. He reminded delegates that his tenure of office took off with about FCFA100.000 in the loan scheme, and in one year his executive has made strides by legalizing the association and almost tripling the loan scheme.
He said his dream is to have delegates in the next AGM cashing out from their respective investments and such a dream can only be realized with the collective effort of all. He enjoined delegates to take the loan scheme serious.
According to the national president, Beng Eric, he is certain that with the collaboration of his members, they sky shall be the spring board of the association.
“This is the fourth time we are meeting in plenary since creation. This year we recorded the highest participation. We are looking forward to creating an assurance company or micro finance institution in our name. The dice has been cast and members have taken the commitment to buy shares and I’m convinced that when we meet in 20233 we shall be celebrating financial freedom” Beng said.
The delegates collectively agreed to buy shares to boost the two- year-old loan scheme that have seen members in the past taking small interest loans and bailing out themselves when involved in financial dilemma.
Members will have up to September ending to buy shares, a share costing 20.000 FCFA.
The maximum shares per member shall be 10 and the latest date to buy, is the 27th of October.
The association with over 80 memberships hopes to raise the sum of FCFA 3,200,000 million in shares that will boost the loan scheme. It also hopes to graduate to the level of a microfinance institution in the nearest future.
Created some five years ago, the association has teachers, civil service, entrepreneurs and health officials as well as communication specialists as members.
————————————-
The Mimi Mefo Info Team, (MMI) appreciates all your constant support.
We are driven by the fact that you remain our only source of inspiration, as we continue to gather, write and publish stories without fear or favour.
These are, however, very trying times for several journalists, especially for MMI whose reporters have to brave all the odds to work remotely for fear of reprisal attacks.
That’s why we continue to ask for your constant support.
How to support us!
*Please share our website link with friends and loved ones daily
*You can also support our dynamic team working day in and day out to keep you up to date, with any amount.
Use the following payment methods:
PayPal: contact@mimimefoinfo.com
Mobile money: +237679135573
Bank Transfer: Account name: MIMI MEFO INFO LTD
IBAN: GB49TCCL04140456360181
SWIFT/BIC: TCCLGB3L
Intermediary bank SWIFT: BARCGB22 (only use if required by sender bank)*
