The Key Indicators of Motivation in Camccul
SECTION ONE
RESEARCH PROJECT
|AN ANALYSIS OF THE FACTORS AFFECTING THE MOTIVATION OF THE STAFF OF THE CAMEROON COOPERATIVE CREDIT UNION LEAGUE LIMITED |
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INTRODUCTION
Wikepedia, the free Encyclopedia reports that modern credit union history dates to 1852 when Franz Hermann Schulze-Delitzsch consolidated the learning from two pilot projects, one in Eilenburg and the other in Delitzsch in Germany, into what are generally recognized as the first credit unions in the world. One hundred and eleven years later, Father Anthony Jansen, a reverend gentleman from Holland formed the first credit union in Cameroon. That was in 1963 in Njinikom in the North West province. He believed like most altruistic promoters of microfinance, that poor and low-income earners can be made to benefit from a broad range of financial services including remittance facilities, if they are brought together to form credit unions or non-profit financial institutions that are owned and operated entirely by their members. And so although Cameroon’s pioneer credit union only had 16 members and a total savings of 2100 Frs. at its birth, he was not dissuaded. By 1968, 34 credit unions were already in existence. These provided mainly credit and savings facilities to their members, who were mostly poor rural farmers. Somehow, an umbrella organisation had to be created to promote and supervise viable and sustainable credit unions capable of attracting and managing indigenous financial resources. So the creation of the Cameroon Cooperative Credit Union League Limited (CamCCUL LTD.), by the coming together of the 34 credit unions existing in 1968 was to be expected. Today, CamCCUL LTD. is a network of over 191 credit unions spread across all the ten regions of Cameroon with a whopping 70% share of the country’s microfinance market. As
RESEARCH PROJECT
|AN ANALYSIS OF THE FACTORS AFFECTING THE MOTIVATION OF THE STAFF OF THE CAMEROON COOPERATIVE CREDIT UNION LEAGUE LIMITED |
| |
INTRODUCTION
Wikepedia, the free Encyclopedia reports that modern credit union history dates to 1852 when Franz Hermann Schulze-Delitzsch consolidated the learning from two pilot projects, one in Eilenburg and the other in Delitzsch in Germany, into what are generally recognized as the first credit unions in the world. One hundred and eleven years later, Father Anthony Jansen, a reverend gentleman from Holland formed the first credit union in Cameroon. That was in 1963 in Njinikom in the North West province. He believed like most altruistic promoters of microfinance, that poor and low-income earners can be made to benefit from a broad range of financial services including remittance facilities, if they are brought together to form credit unions or non-profit financial institutions that are owned and operated entirely by their members. And so although Cameroon’s pioneer credit union only had 16 members and a total savings of 2100 Frs. at its birth, he was not dissuaded. By 1968, 34 credit unions were already in existence. These provided mainly credit and savings facilities to their members, who were mostly poor rural farmers. Somehow, an umbrella organisation had to be created to promote and supervise viable and sustainable credit unions capable of attracting and managing indigenous financial resources. So the creation of the Cameroon Cooperative Credit Union League Limited (CamCCUL LTD.), by the coming together of the 34 credit unions existing in 1968 was to be expected. Today, CamCCUL LTD. is a network of over 191 credit unions spread across all the ten regions of Cameroon with a whopping 70% share of the country’s microfinance market. As
References: Chung, K. (1977) Motivational Theories and Practices. Ohio, Grid. George, R. T. and Stephen, G. F. (1982) Principles of Management. Illinois, Richard D. Irwin, INC. Hellriegel, D. and Slocum, J. W. (1979) Organisational Behavior. New York, West Publishing. Hornby, A. S. (2000) OXFORD Advanced Learner’s DICTIONARY.6th Edition,Oxford, Oxford University Press 2000. Keith, D. (1981) Human Behaviour at Work: Organisational Behaviour. 6th Edition, New York, McGraw-Hill. Robert, K. (1989) MANAGEMENT. 4th Edition, Boston, Houghton Mifflin Company. CamCCUL LTD. MFI NETWORK (2007) An Overview of CamCCUL LTD. Bamenda, Gospel Press. David, C. (2008) Work Ethics. Student Accountant, March 1. Wikepedia, the free Encyclopedia, Credit Union http://en.wikipedia.org/wiki/Credit union (visited 5th August 2008).