Nfon Mukete IV Ekoko Launches Bafaw Credit Union
NFON MUKETE IV EKOKO LAUNCHES BAFAW CREDIT UNION
The Bafaw community has launched a Cooperative Credit Union known in its acronym as BAFAWCCU LTD.
An Extra ordinary meeting to this effect took place at the Palace of the Nfon of kumba and Paramount Ruler of the Bafaws, Nfon Mukete IV Ekoko, on Saturday November 7, 2020.
The Extra ordinary General Assembly brought together a cross section of the Bafaw tribe that deliberated on key issues pertaining to the effective functioning of the Credit Union.
A novelty of the Bafaw tribe, the meeting was chaired by Professor Joyce Endeley, a Varsity don, as President of the Bafaw Cooperative Credit Union, BAFAWCCU, in the presence of the Nfon of kumba and Paramount Ruler of the Bafaws, His Royal Majesty, Nfon Mukete IV Ekoko, as Guest of honour. Speaking on the occasion, the President of BAFAWCCU LTD., Professor Joyce Endeley, talks on the importance of all sons and daughters of the Bafaw tribe to be part of this venture as it will go a long way to foster the development of kumba and the Bafaw tribe. He said, despite bearing the name, BAFAWCCU, Credit Union …is not limited only to sons and daughters of the Bafaw tribe as every other person, irrespective of tribe, race , nationally or colour is free to be a member of the Bafaw Cooperative Credit Union Ltd.with equal opportunity depending on the number of shares obtained. Going by the calibre of personalities promoting the Credit Union and spearheaded by an astute Economist and an all round Entrepreneur, Nfon Mukete IV Ekoko, the Bafaw Cooperative Credit Union Ltd is expected to go places. Already, a cross section of the population of Kumba and beyond are rushing to become pioneer members of BAFAWCCU Ltd.
BAFAWCCU brand was approved by the Minister of Agriculture and Rural Development on June 24,2020, and has 129 registered members so far. It is expected to be one of the fast growing micro finance Institution in the country.