Interview

Parents can send their children to school with ease
- Lum Delphine Fomeh, loan officer, NTAccul Yaounde
Your credit union has advertised the offer of back to school loans. What is the specificity of these loan?

Back to school loans are loans that are given to members of our credit union to help them to send back their children to school with ease. Back to school loans help especially people with minimal salaries; it enables them to also prepare their children for back to school with little or no stress.


What is the difference between the back to school loan from other loans that Ntaccul offers?
The back-to-school loan has a maximum repayment period of 12 months meanwhile other loans that we offer have repayment periods ranging from between 12 to 60 months. However, the interest rate is thesame 1.5%.

Who are eligible for the back to school loan and what criteria must they fulfill?

Only members of our credit union who have the repayment capacity are eligible for back to school loans. Beneficiaries are mostly members who earn a salary and whose salaries are domiciled at our credit union. A member who presents a standing order from another bank can also enjoy the opportunity of the back to school loan. Those who do not fulfill these criteria may either present a surety who must be a member of NTAccul and who has enough savings to cover the loan. Civil servants with salaries domiciled at NTAccul may also surety a member.