On Wednesday, November 13, 2024, at the Sofitel Ivoire in Abidjan, Mr. YANN AKINDELE, the Managing Director of LTN Cameroon, was awarded the honorary title of Doctor Honoris Causa. This title was conferred upon him by the Network of African Universities of Science and Technology (RUSTA).
This honor represents the highest distinction awarded by RUSTA-Universities, recognizing the competence and excellence of national and international figures in various fields of activity.

Dr. YANN AKINDELE is a source of pride for Africa in the field of microfinance. He entered this sector at a young age and has dedicated his entire career to it. He has navigated diverse socio-cultural environments during his time in several African countries, always overcoming challenges with determination and an exceptional ability to adapt. He has consistently raised the profile of the institutions he has served.

This honor not only recognizes his achievements but also elevates him as a model and leader in the microfinance sector, reflecting his relentless commitment, his passion for discipline, and, above all, the professionalism he embodies.

It is with immense pride that all the staff of LTN Cameroon extend their sincere congratulations and well-deserved recognition to Dr. YANN AKINDELE, as he continues to leave no stone unturned in his efforts for LTN.

Congratulations, Dr. Yann AKINDELE!

1. LTN Online USSD LTN

Online USSD extends the capabilities of the established LTN Online app to be usable without an internet connection, thus providing extended accessibility to all LTN Cameroon clients.

LTN Online, an established remote banking app for nearly two years, allows clients to perform basic banking transactions anytime, anywhere via their smartphone or computer. Designed for convenience and security, LTN Online is now accessible to all clients, including those without internet access, through the portal #237*050#. This initiative strengthens LTN’s commitment to making banking services more accessible.

2. EASY RENEW: AUTOMATIC RENEWAL

  Easy Renew is an automatic loan renewal service that allows eligible clients to renew their credit without needing a credit committee, while also increasing the loan amount compared to the initial loan.

Adherence to repayment deadlines rewards clients with access to Easy Renew. This service simplifies the loan renewal process by automatically renewing the loan contract at the end of its initial period. Funds are available immediately, providing clients with a quick and efficient solution for their financing needs, while adhering to traditional credit principles.

3. QUICK CASH CREDIT

Quick Cash is a credit designed to reward LTN’s loyal clients based on their repayment habits, offering quick access to interest-free funds.

This credit is granted to diligent clients who have demonstrated consistent commitment to LTN through timely repayments. Quick Cash is available at 0% interest and can be accessed within less than 24 hours, without complex formalities. This initiative promotes good financial behavior and strengthens client loyalty to LTN, while providing opportunities for additional credit beyond their primary loan.

LTN Cameroon celebrates its 25th anniversary by enriching its product offerings with LTN Online USSD, Easy Renew, and Quick Cash credit. These innovations not only enhance the accessibility and speed of financial services but also strengthen the trust and loyalty between LTN and its clients. These new solutions illustrate LTN’s ongoing commitment to meeting diverse customer needs while maintaining high standards of security and customer satisfaction.

LTN Cameroon, a leading microfinance institutions in Cameroon, is celebrating its 25th anniversary of providing essential financial services to the public. The institution kicked off its anniversary celebrations with a press conference held in Yaoundé on January 23, 2024. During the conference, the top management shared the remarkable achievements and future prospects of LTN Cameroon over the past 25 years.

Over the course of its existence, LTN Cameroon has financed nearly 185,000 clients, providing them with financial support totaling over 404 billion XAF. This financial assistance has not only benefited individuals but also 713 small and medium-sized enterprises in the country. Additionally, LTN has made significant contributions to the rural sector, with over 57 billion XAF being allocated to support rural development initiatives. This commitment to the economic sector is evident in LTN’s fleet of 35 vehicles and 130 motorcycles, which gives the institution a robust presence compared to its competitors.

Looking towards the future, LTN Cameroon has exciting prospects in store. The institution plans to launch a specific offering tailored to the urban transport sector. Potential partnerships with major players in the industry, such as YANGO, Bee, and the National Union of Motorcycle Taxis in Cameroon, are on the horizon. LTN also intends to provide financial support to individuals interested in entering the urban transport sector, collaborating with key stakeholders to ensure their success.

Furthermore, LTN Cameroon will reintroduce the ‘Auto Credit’ service, which had been suspended previously. The company promises a better-structured version of this service, providing customers with improved options and flexibility.

As LTN Cameroon celebrates its 25th anniversary, the institution expresses its heartfelt gratitude to its partners, collaborators, and customers for their unwavering trust and commitment. Despite facing persistent challenges, LTN remains determined to foster innovation, social responsibility, and sustainability in the years to come. The institution aims to build an inclusive, prosperous, and supportive future for all. LTN Cameroon extends its appreciation to everyone who has been a part of this exceptional journey and wishes a happy 25th anniversary to its microfinance institution.

In the world of finance, there are emerging institutions that transcend simple transactions to embody deep values. This exploration leads us to LTN Cameroon, a striking example of the union between fundamental values and the financial universe.

Integrity, the Pillar of Trust :

At the heart of every interaction lies LTN Cameroon’s unwavering integrity. Each transaction is guided by an unyielding commitment to transparency and ethics. This value forms the basis of mutual trust between the institution and its clients, thus creating lasting relationships.

Proximity, Beyond Numbers :

Proximity is not just a phrase but a way of life at LTN Cameroon. Field agents do not just collect or prospect; they forge strong bonds with each client. This human approach brings the client relationship to life, creating a sense of belonging and mutual support.

Efficiency, the Key to Accessibility :

Efficiency, the Key to Accessibility: Microfinance is not only measured by good intentions but by its ability to translate those intentions into tangible results. LTN Cameroon excels in operational efficiency, enabling maximum accessibility to its services. This translates to streamlined processes, quick decisions, and an enabler response to the changing needs of the customers.

Team Spirit, the Synergy of Success:

Team spirit is not just a slogan but a tangible reality in the DNA of LTN Cameroon. Each collaborator contributes to a culture where collaboration and sharing of ideas are encouraged. This internal synergy is reflected in how the institution addresses challenges, always united to achieve common goals.

Responsibility, A Commitment in Action:

Responsibility guides every decision, ensuring transparency and trust at the heart of our financial engagement at LTN Cameroon.

In conclusion, LTN Cameroon is not simply a financial institution, but an institution guided by values. Integrity, proximity, efficiency, team spirit, and responsibility are not just words on paper but living principles that define every action. LTN Cameroon thus embodies a model where finance becomes a driver of positive change, and where each transaction is a step towards a sustainable future.

I- Cutting of the ribbon in the various LTN Cameroon agencies

The ribbon has been cut in the various agencies LTN Cameroon :

• In the city of Douala, subdivision of Douala 1, the Director General of LTN Cameroon, Mr Yann AKINDELE cut the ribbon at LTN AKWA agency
• In the city of Yaounde, subdivision of Yaounde 2, it was on the air of the final countdown that Mrs. NDOMBO Jocelyne Sophie, administrator of LTN Cameroon led the reopening ceremony of the agency, assisted by Mrs. BIHELE Constance, Head of LTN credit Department

• In the city of Bafoussam, precisely in the subdivision of Bafoussam 1, Mr. Ngako Tchokoteu Élie known as an LTN customer proceed to the reopening of LTN Djemoun agency in presence of Mr Christian ANGUI, deputy director general of LTN Cameroon.

II- History and purpose of LTN Cameroon

It is worth noting that LTN Cameroon was founded in 1999 by the government of Cameroon as a financing project of very small enterprises in urban areas, financed by the European Union and the French Agency of development and as a capital of 1.440.000.000 F CFA whose head office is in Yaoundé Cameroon. It is specialized in credit granting, collecting saves but also operates in the distribution of electronic banking product, bancassurance and money transfer

The LTN microfinance therefore plans to actively participate in the financing of local economy in West, centre and Littoral regions by supporting traders, craftsmen, entrepreneurs, SMEs, employees and any economic actor carrying outcome-generating activities. The Microfinance has maintained a relationship for twenty years with their customers nothing more normal than accompanying in financial matters !

III – Our skills

• An optimized client experience

The marketing and commercial teams of LTN Cameroon have done a great job of decoration. The customer first discovers a universe decorated with White – Green, symbolizing the microfinance space with hope. Then customers can move towards the White universe of insurance. The customer experience is both physical and digital, as the quotes made online by the customer can be taken up in the agency with a customer service.

• An innovative self-service banking

Customers of LTN Cameroon can take advantage of a new space dedicated to the institution.  A tactile controller (LTN Online) allows you to control your balances, to carry out banking operations but specially to edit its certificates of insurance. This banking space is arranged in a modern way, the customers can wait in a chair.

• An innovative self-service banking

Customers of LTN Cameroon can take advantage of a new space dedicated to the institution.  A tactile controller (LTN Online) allows you to control your balances, to carry out banking operations but specially to edit its certificates of insurance.

This banking space is arranged in a modern way, the customers can wait in a chair.

VI- Our Agencies

LTN AKWA, LTN Mokolo and LTN Djemoun agencies agency expands the list of offices in the interior of the country already opened in Yaoundé, Douala, Edéa, Bafia, Ebolowa, Mbalmayo, Sangmélima, Kribi, Nkongsamba, Bertoua, Ngaoundéré, Bamenda, Bafoussam, Dschang, Bafang, Foumban, Foumbot, Mbouda. This Microfinance Institution has 25 agencies to its credits nowadays.

The goal of the general training of integration was to reinforce professional skills of the loan officers and inculcate to all the new recruits the principles we are proud of. In order, the general training of integration took place in two sessions in two towns.

Highlight of the training of integration

This first edition involved all the top management who contributed to the elaboration and the animation of the training for the great pleasure of the participants. It is with a heart full of joy that these participants received their training certificates with the following main motivation: give the best of themselves for the development and sustainability of LTN Cameroon.

• The first part was dedicated to the general presentation of LTN Cameroon, our values, our products and services and the different branches of our financial institution.
• The second part focused on the technical aspects of the loan officer’s job, this one was exclusively dedicated to them.

To give a clear and precise answer to this notion, let’s start by analyzing some of the received ideas.

Dedication is not satisfaction – Satisfaction is the positive evaluation made by an employee on the quality of work. One can be satisfied with the quality of life at work without being dedicated to the company.

Being happy at work is not being devoted – An employee can be happy at work without being dedicated. He/she may enjoy some benefits and advantages related to the quality of life without feeling happy in the execution of his/her daily tasks.

Dedication to work is the feeling of belonging, attachment and loyalty of an individual to his company. It is related to the psychological relationship between the employee and the organization. It is the degree of involvement of the employee in supporting the company in achieving its objectives. Many of our employees at LTN Cameroon are dedicated to their work and need to maintain or increase their level of dedication. Others, by contrast, may sometimes get carried away by discouragement or demotivation and therefore need to work on their level of devotion at work.

How to be an engaged employee?

Being a dedicated employee means giving something of yourself. The employee hired at LTN is therefore the one who:

• Is loyal to our company
• Is able to share the common values of LTN Cameroon: IPEER;
• Exceeds its limits and constantly works harder;
• Actively participates in activities organized by the company;
• Desires to maintain its membership in LTN Cameroon;
• Respects the rules of our institution;

How to build employee dedication?

To promote employee engagement, LTN Cameroon is actively engaged in:

• Take care of the well-being of your employees
• Implementing effective communication actions
• Establish a spirit of constructive criticism: we encourage feedback
• Create a healthy and positive teamwork environment
• Define individual missions and clear objectives for employees
• Recognize, appreciate and congratulate employee performance
• Organize team unity activities.

The dedication of each of us will have a positive effect on the performance of LTN Cameroon through higher productivity, improve staff retention and customer relations. Let us therefore be dedicated employees at work to ensure the continuity of our great and beautiful institution whose daily construction depends on each of us.

I remember the first studies that I have done with AFD and CGAP in 1998-1999: many of us were impressed with both the ability of LTN Senegal (and its “clones”) to generate healthy individual credit and balance the accounts in a few years, while managing without difficulty the withdrawal of the permanent technical assistant. In the jungle of projects and more or less professional networks that crowded the sector at the time, it was a small revolution. Nicolas Rofé’s desire to track down unnecessary costs and the “functionalization” of agents[5] was also, where so many others wallow in the comfort of subsidies…  microfinance at the service of business financing and in the image of many entrepreneurs: rough and without unnecessary grease.

Loan agencies for private enterprise (LTN) that he created later in Madagascar, Cameroon, and recently in Burkina Faso and Niger, are all testimonies of his work. His achievement will continue with structures provided and people that he trained.

Nicolas ROFÉ and Pancho OTERO probably share the characteristic of being much more in their element in a Latin American or African market, among their natural «customers», than in international conferences. Nicolas ROFÉ didn’t want to be the « boss » of a holding company, managing his subsidiary companies with an eye on economic and financial dashboards. At the time where microfinance seems to become financialized, or even to take the path of disintermediation, and where the development of new technological tools sometimes makes it possible to accelerate the examination of the loan file (through information provided by the loan offices, even to the notes of rating systems or « credit scoring »), it is not useless to remind one of the key learning of LTN, namely the importance given to the human factor and the perfect knowledge of, de visu and in situ, of each customer and his company by the loan office.

Allow me to pay them this tribute. Extract from «Guide to Microfinance Regulation … and Financial Inclusion», Laurent Lhériau, Third edition, coordinated by Eneida Del Hierro, AFD.

In terms of savings, all is about objective, specific project. Your project can be the purchase of your taxi to no longer depend on someone. Opening your store etc. No matter what your project is, it will require investment and therefore saving. It is proved that most of the people who have saving in addition of loan as financial income source of their personal  projects  have more chance to succeed (Josh Martin, David Myhre, Nisha Singh, 2013. ”saving as the cornerstone: set the basis of financial inclusion”).  

In fact, saving is the start point of the financial life of an investor. It must be part of his/her financial lifestyle. However, many believe that in spite of their problems, challenges of daily life and economic context in Cameroon in particular and in Africa in general, it is impossible to save.

Though, a good saving strategy is essential to ensure the sustainability of his/her current and future living standard and therefore realize his entrepreneurship project.  That’s what this article is all about whose objective is to present you the tips to succeed in your savings project despite many challenges of daily life.

How to succeed in saving and realize your entrepreneurship project despite of the financial difficulties in our Cameroonian context?

Saving is good, know how to do it is better. Before any savings action, it is important to examine your financial situation, your income status, but also your debts in order to determine the duration and the type of saving to realize according to your project. Once this analysis is done, implement your savings projects by respecting the following steps:

• Define your project start-up budget  : it’s to determine the minimum amount of money you will need to launch your project ;

• Evaluate your savings ability: it’s depending on your project to define a monthly savings amount of money. That is the amount of money which you could save every month after you have paid all your monthly charges (rent, nutrition, electricity etc);

• Set the duration of your savings project : determine a deadline to achieve your savings objectives. This deadline is generally function of your project’s start-up budget. It can be 6 months, 1 year, 2 years etc depending on the project that you want to realize and your need. For example, if you save 10 000 Fcfa each month for a project of 200 000 Fcfa, You will realize your project after 20 months of saving equals to 1 year and 8 months.

It is important to keep in mind that time flies when you start your saving project. So, don’t look at the time when you want to save. Get started.

Now that you have all the keys in your hand to start your savings project, don’t wait any longer, start now. The LTN Cameroon’s savings account for example is a secure way for you to get started.

Did this article interest you? Please feel free to share!

To get more information on LTN Cameroon’s savings offers, click on the following link http://latontiniere.com/portfolio-item/comptes-depargne/ or contact us by call or whatsapp at 698 08 11 11 or 671 71 72 72