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| Agnès Ndoumbé Mandeng: First Director Of Newly Created SME |
Bamenda, Cameroon - News of The
creation of the Small and Medium Sized enterprises (SMEs) bank with the hope
that it will help them gain access to the much needed loans was highly welcome
in Bamenda. Julius Niba reports the entrepreneurs are concerned about the bank appropriately
attending to their needs. Most business operators in Bamenda not to say all
believe the creation of the bank is an asset to the growth of Cameroon's economic
environment. Drawing allusion to some bottle necks inherent in the loan
acquisition process of classic banks; Mbah Chrispus, Manager of Bamenda
Handicraft Cooperative worries if the created bank will redress the situation.
The worry I have is, "is this bank going to have a branch in Bamenda?"
because if it is an issue that we have to process documents and send to Yaounde
we know that you apply maybe for a loan and it take the next two years before
it is processed so provided that the conditions of granting the loans are not that
stringent. Apart from hoping that the creation of the bank will facilitate the process
of acquiring loans by reviewing the kinds of guarantee needed. A small business
operator in Bamenda hopes that it will not wind out to be a bank for all
especially civil servants but rather that the bank branches be taken to the
grass roots and branches be opened in all Divisions and Sub Division headquarters
of the country. In all, the bank for small and medium sized enterprises is
expected by North West entrepreneurs to get close to the business operators,
know their problems and endeavour to curb the hurdles linked with the
acquisition of loans for business ventures.
North West
Regional Delegate of Small and Medium Sized Enterprises Emilia Chindoh Fonkem says
a branch of the bank will be opened in the region and told Julius Niba that the
small scale business people need not to be worried for the newly created bank
comes with many advantages.
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