COMMUNITY CREDIT COMPANY (CCC) Plc, Cameroon

by https://www.all-about-cameroon-today.com

COMMUNITY CREDIT COMPANY (CCC) Plc
This is a microfinance institution accredited by the banking commission of the central African states (COBAC) decision No D-2001/11 of 10th June 2001 and a decision of the ministry of Economy and finance No 00334/MINFI of the 27th July 2001.
CCC Plc stated operations in November 1998 as a cooperative society and was later transformed into a public limited company (Plc). It stated with two branches and now has a growing network of 14 branches located in business centers of most towns in Cameroon.

They have a customer base of over 75000 accounts holders composed of current and saving accounts. In addition they handle salary transfers for workers of the public sector(civil servants) and the private sector.

THEIR VISION
Their vision is to provide savings and credit facilities as well as other financial values adding services to individuals, NGO’s, cooperative bodies, etc that goes a long way to further the socio-economic growth of our country. They strive to become one of the leading financial service providers in the sub region in terms of quality customer service(QCS), confidence, transparency and good cooperate governance.

THEIR PRODUCTS AND SERVICES
Their products are tailored to respond to the ever increasing and diversed needs of customers. Thanks to their heavy investments in up to date modern technologies and regular training of staff. They are poised to improve on customer care which is one of their core values.

CURRENT ACCOUNTS
1- Civil servant salary account
2- Company workers salary accounts
3- Business accounts
4- NGO’s and associations
This account is meant for individuals, companies, business men, enterprises, organizations and NGO’s. it is very convenient for all sorts of business transactions as it facilitates invoice discounting and overdrafts and other leading facilities at very encouraging interest rates.

A- Requirements for current account opening (individual/salary)
- Two (2) color passport size photographs
- Photocopy of national identity card
- Recent pay slip
- Letter of non indebtedness (individual from other financial institutions)
- Attestation of effective service (civil servants)
- Attestation of accounts (company workers)

B- requirements for account opening (Business/NGO;s/Associations)
- Two (2) passport size photographs for each of the account signatories
- Photocopy of ID card for each of the signatories
- Business license
- Article of association
- Minutes of meeting that designated signatories to the accounts
- Site plan for the head office.
- Minimum initial deposit of 30.000FCFA
- Certificate of incorporation

SAVINGS ACCOUNTS
1-INDIVIDUALS/MINORS
2-ASSOCIATIONS AND GROUPS
This account serves as a reserve for the rainy days and secures your finances for future projects. Deposits and withdrawals can be effected into this account at your convenience.
Interest on this account is calculated twice a year at a very encouraging rate.

OPENING REQUIREMENTS
- Four (4) passport size photographs
- Photocopy of national ID card
- Minimum initial deposit of 25.000FCFA

TERM/FIXED DEPOSITS
This is a fixed deposit scheme where interest is calculated based on the amount deposited. A certificate is issued upon subscription. Interest is either paid at subscription or at the end of contract duration.
Minimum amount is 2000000FCFA
Minimum period is one (1) year
Interest rate: encouraging/negotiable (the best in the market)
ADVANTAGES
- Exceptionally high interest rates
- No savings required
- Serves as a security for obtaining a loan, overdraft or a line of credit
- Can be converted into shares or debentures upon request.
- Security of money is guaranteed
CREDIT FASCILITIES
- Salary advances
- Line of credit
- School fees loans
- Business loans
- Building loans
- Agricultural loans
- Overdrafts
- Financing of public contracts
- Discounting bills/cheques
- etc

OTHER SERVICES
- local transfers (CMT-community money transfer)
- International transfers via Western union etc…..
- Purchase and sale of foreign currencies
- SMS alert(update of transactions on your phone)
- MTN mobile money/(MFS)
- Financial assistance to small and medium scale enterprises
REASONS TO CHOOSE CCC PLc
- Financially very stable and sustainable (since 1998)
- Multiple banking solutions at affordable rates and prices
- Fast and rapid service delivery
- Practices cooperate good governance
- Provide one-stop shopping banking services
- Support development projects, events, academic internships, etc