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The Hurdle of

It is hard to attain mega life objectives: owning a house, buying a car, starting a business and/or travelling for quality vacation with the family while working at a bottom or middle-level position in Cameroon. Loans have always been the way through which we humans satisfy our current desires for future sequential repayments. It is one additional mechanism used in finance to oil the with .

Obtaining and repaying a isn't part of the DNA of plenty Africans, technically caused by and superstitious beliefs about . This has made banks or institutions to be very sceptical in giving out in this part of the globe contrarily to a synchronized loan like in the UK or fully , where there is ample information and an aggregate marketplace that ease loan .

It is not like banks don't issue loans but they set up multiple hurdles to zerotize the risk of nonpayment and secure investor's funds. One main thing needed to have a loan is a regular source of , which in this case, I have, but my bank denied me a loan on the grounds that my revenue which is from a foreign account (because I work with an international company with no registered office in my country) is labelled as invoice instead of salary. As a result, I can't benefit from any additional services like an overdraft.

Other requirements to obtain a loan include:

Attestation of irrevocable transfer

Justification of loan purpose (if the loan term is over 24 months)

Certificate of effective service and three most recent payslips

Certificate of indebtedness and debt history for the past months for loan buyback

Any other document the bank may require to properly analyse a financing request

This is just one of the reasons why mainly civil servants and state agents easily have access to loans than individuals in the private sector.

What has been your experience obtaining a loan?

What is your for me?

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ZangaCompare Financial Inclusion Programme

Stand the chance to own a bank account in any financial institution of your choice worth xaf25,000 in Cameroon. For you to win only two conditions:
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Winners are announced on the 1st each month. The first draw will be on September 1st, 2019.

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2019 VC's League of Panthers Best Public Speakers

1st Diyen Veronica Mai
2nd Lawong Kendra Yeah
3rd Nfor Sandra
4th Otto Molungu Litombo Jr

Best Public Speaking Adjudicators

- Ebude Miriam
- Nfu-uh Godlove Agho-oh

Position: Intern
Job Title: Personal Assistant/PRO
Job brief
We are looking for an Intern to join our hardworking team as Personal Assistant/PR. The individual will work in close collaboration with the Managing Director to ensure the smooth functioning of the startup.
In addition, the selected will be in charge of our online and offline communication with clients and increase brand awareness.
If you have experience in identifying and building long-term relationships with target audiences, we’d like to meet you.
Responsibilities include:
• Acting as a first point of contact: dealing with correspondence and phone calls
• Managing diaries and organising meetings and appointments, often controlling
• Organising events and conferences
• Reminding the manager/executive of important tasks and deadlines
• Typing, compiling and preparing reports, presentations and correspondence
• Managing databases and filing systems
• Implementing and maintaining procedures/administrative systems
• Liaising with staff and clients
• Collating and filing expenses

Qualification
A B.Sc. in any social sciences but preferably in Banking, Finance or Communication
Skills
• Discretion and trustworthiness: you will often be party of confidential information
• Flexibility and adaptability
• Good oral and written communication skills
• Organisational skills and the ability to multitask
• The ability to be proactive and take the initiative
• Tact and diplomacy
• Communication skills
• A knowledge of standard software packages and the ability to learn company-specific software if required.

Benefits
• Monthly internet stipend
If you qualify, send your CV and letter of motivation to [email protected]