Serving our cooperators since 1995

Save regularly. Borrow wisely. Repay promptly.

Our mission

Our credit union’s mission is to sustainably improve the living conditions of its members, the general public and their communities, based on a system of mutual solidarity. We offer accessible, efficient microfinance services adapted to local needs.

Existing member? Request online banking access before signing in.

30 yrs
Serving cooperators since 1995
Licensed MFI
COBAC · MINFI · CEMAC · NCC
6
Branches · HQ in Limbe
About SOWOCCUL

A cooperative owned by its members

  • Member-owned and democratically governed — every member has a voice.
  • Open to the public, not just SONEL staff — investors and cooperators welcome.
  • Licensed Category 1 MFI, regulated by COBAC, MINFI and CEMAC.
  • Deductions at Source plus Express Savings for effortless saving.

Take a long-term loan

With any upfront anticipated 100% principal repayment, benefit from a 100% loan interest waiver for the entire outstanding period.

Save regularly. Borrow wisely. Repay promptly.
Our mission

Improving our members’ lives, together

Our credit union’s mission is to sustainably improve the living conditions of its members, the general public and their communities, based on a system of mutual solidarity. We offer accessible, efficient microfinance services adapted to local needs.

Every year we hold a General Assembly to adopt key resolutions, ensure good governance and assess the sustainability of our business.

SOWOCCUL — 100% Deductions at Source Credit Union · Category 1 MFI
Products and services

Everything we offer our members

A full range of cooperative financial services — from shares and savings to loans, payments and financial counselling.

Our Products

  • Members’ actions (shares)
  • Member savings and deposits
  • Main loans to members
  • New members’ loans
  • School fees loans to members
  • Special savings (loans within savings)
  • Members’ overdraft / salary account
  • Consortium loans to sponsor SOCADEL subcontractors
  • Members’ blocked savings and advance dividend payments
  • Bill discounting of SOCADEL Sub-contractors (executed purchase order)

Our Services

  • Involvement of members as shareholders of their company
  • Payment of members’ yearly dividends after the AGM
  • Retirement — NSIF / MURCAS services
  • Member transactions via the SOCADEL visa card
  • Telephone payment conveniences for members
  • Clearing of members’ cheques
  • Financial counselling
  • SMS service for financial information
  • Account online consultation

Upfront dividend payment package

Amount range (FCFA)Rate offered
5 000 000 – 50 000 0003.5%
50 000 001 – 100 000 0004.0%
100 000 001 – 150 000 0004.3%
150 000 001 – 200 000 0004.8%
200 000 001 – 250 000 0005.0%
250 000 001 – 300 000 0005.3%
300 000 001 – 350 000 0005.5%
350 000 001 – 400 000 0005.8%
450 000 001 – 500 000 0006.0%
Our partners and regulators
SOCADEL ENEO Dibamba Power (DPDC) Kribi Power (KPDC) MTN MURCAS Energy of Cameroon
See all our partners
Our offices

Visit or contact us

Mon–Fri, 8am–4pm · Closed Saturdays, Sundays and public holidays
Click a branch to see its address, phone and team.

Become a member