The story of the Cameroonian credit co-operative is very similar to Rabobank's own development as a co-operative. It started small, with the rural population saving with their local co-operative and able to borrow to develop their economie activities. The organization started in 1963 and by 1968 they had 34 self-supporting credit and savings co-operatives. As they grew they developed a centralized body, CamCCUL (Cameroon Co-operative Credit Union League, Ltd.), to assist the member credit unions with training, treasury and audits. In the 1990s, CamCCUL set up its own bank, Union Bank of Cameroon (UBC), to support their member organizations with normal banking business. As they had little experience in banking, Rabobank Foundation sourced the technical expertise necessary from within the Rabobank Group to offer UBC advice and technical assistance. The Word 27

Rabobank Bronnenarchief

blad 'RI The Word / The Word' (EN) | 2004 | | pagina 27