The Bayelle Cooperative Credit Union which has been bearing golden Fruits in the Nkwen Land was started by drivers of Nkwen park residence in Ndamukong Street in 1985. The union started as a discussion group and the minimum amount to be contributed by each member was fixed at 100 FRS (one hundred francs) and shares per member were 1,000 FRS (one thousand francs). Total amount contributed for the first day was 13,600 FRS (thirteen thousand six hundred francs). The group was opened to the general public especially to the inhabitants of Ndamukong Street. Most people were encouraged to join the group and the first president was Mr. Wankwei Martin Forkara.
The first General Assembly of the group took place at Ndamukong Hall on the 29th of March 1987 and the name Bayelle credit union came into being.
The following were elected to manage the affairs of the union.
Mr. Tah Banseka and Nforbin Lawrence represented CamCCUL in the meeting.
The union had a problem of a stable place of operations. The union was meeting every Sunday at Pa Forbi’s house and later moved to Pa Tabifor George’s house all at Ndamukong Street. Business was very slow and it was moved to Nkwen Market but no solution. The growth rate was still very slow. Members decided that a place should be looked along the road from Nkwen Market to Foncha Street Junction. Finally an office was opened at Mile II Nkwen at Pa Fonta’s house. This did not last for long as the development of the town made the union to be stranded again till when they had a site at Mile II Junction Nkwen.
By the end of 1987, membership stood at 40 members with a total share savings of 1,700,525 FRS (one million seven hundred thousand five hundred and twenty five francs), total loan outstanding stood at 258,500 FRS (two hundred and fifty eight thousand five hundred francs).
The Bayelle Cooperative Credit Union was registered with the Cameroon Cooperative Credit Union League (CamCCUL) on the 13th December 1993.
1985 - 1987
1987 - 1991
1991 - 1992
1992 - 1995
1995 - 2001
2001 - 2004
2004 - 2007
2007 - 2013
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