About us

"The Management of RIC - Cameroon S.A says - thank you to all her Customers for their Trust, Loyalty and Confidence for the 22 Years of their existence and quality Service. We are Innovative and we will stick to that commitment to better serve you as your Satisfaction is our Priority."


"To provide life-changing Financial and non-financial services to our valuable clients"


To be the most performant, reliable and trustworthy financial institution; extending our services to other economic regions.



Constitutive Assembly

  • Creation of COOPEC surname Rural investment credit
  • Four members are elected into the Board of Directors
  • Three members of credit elected
  • Registration of COOPEC (certificate 04/co/28/98/1587)

Opening of doors at Bafoussam

  • Reception of 1st member
  • New members begin to open accounts


General assembly of members

  • Review of activities
  • Approval of accounts and request for agreement


Agreement of COOPEC

  • Agreement of minefi/cobac
  • Arrete no 193/ MINEFI of 08/05/2002

Agreement diregeant responsible

  • Mr Abiyah Angabo Moise
  • Arrete no 194/ MINEFI of 08/05/2002

Agreement Commissaire aux Comptes

  • Mr Toukam Emmanuel
  • Arrete no 195/MINEFI of 08/05/2002


General assembly of members

  • Review of activities
  • Adoption of resolutions – 03 Years Plan of Action


General assembly of members

  • Review of activities and elections of management
  • Adoption of resolutions of PCA, GM & Accountant


Opening of Nkongsamba branch


Extra – ordinary G.A.M.

  • Appointment of A.G.M and 2nd Auditor
  • Mr. Tata Manaka Angye Mr. John Ncho Bakoh

New branch opened

  • Oshie – njikwa

New branch opened

  • Bamenda

New branch opened

  • Andek – ngie

General assembly of members (G.A.M.)

  • Review of activities
  • Approval/adoption of resolution

Agreement on category II

  • Up - grading
  • MINEFI/COBAC -Arrete no 07/441/MINEFI

Assistant General manager

  • Agreement of Mr. Tata Manaka Angye
  • MINEFI/COBAC-Arrete no 07/442/MINEFI

Agreement Commissaire aux Comptes Suppleant

  • Mr. Jacob Ncho Bakoh
  • MINEFI/COBAC-Arrete no 07/443/MINEFI


New branch opened

  • Mutengene



  • Review of activities
  • Adoption of plan of action + activities


10th Anniversary Celebration

  • Mairie Urbaine Bafoussam
  • Grande manifestation


New branch opened

  • Yaounde


General assembly of members

  • To review 2008 activities + plan of work
  • Approval/adoption of resolution


New branch opened

  • Douala


Board of Directors

  • Meeting of Board of Directors to review activities of 2009
  • Approval/adoption of resolution


End of year celebration of Personnel

  • Congratulations to Personnel
  • Successful year 2010

Legal Status of RIC:

  • Microfinance Institution category II
  • Date of creation 2nd July 1998
  • Registration certificate N° OU/CO/28/98/1587 of 2/7/1998
  • Certificate of Incorporation N° RC/BFM/2005/A/57 of 12/09/2005
  • National Credit Council N° EMF/2011/0128
  • COBAC DECISION N° D-2001/87 of 27/11/2001Arête N° 00193/MINEFI of 8th March 2002Arête N° 07/441/MINEFI of 29th May 2007 upgrading to Category IITAX PAYER CARD N° M050200017 807 Z
  • COBAC DECISION N° D-2001/87 of 27/11/2001
  • Arête N° 00193/MINEFI of 8th March 2002
  • Arête N° 07/441/MINEFI of 29th May 2007 upgrading to Category II
  • TAX PAYER CARD N° M050200017 807 Z

  • COBAC DECISION N° D-2001/87 of 27/11/2001
  • Arête N° 00193/MINEFI of 8th March 2002
  • Arête N° 07/441/MINEFI of 29th May 2007 upgrading to Category II
  • TAX PAYER CARD N° M050200017 807 Z


Most of RIC SA's customers are individuals who are not in an economic position to secure funding from traditional financial institutions. The majority are small-farm owners, agribusiness operator, small business owners operating all over Cameroon. RIC SA has a strong lending history cutting across all the sectors of the economy, and it plans to solidify its reputation within this market. By Financial Year (FY) 2020, its customer base will be an equal split of micro, small, medium-size and big business owners; civil servants and investors. Our effective presence in the rural zones has been a panacea to the rural masses; it is becoming more demanding for provision of loans to satisfy the financial demands of the population.


RIC SA looks forth to use its core capabilities to accomplish maintainable aggressive benefits, in which opponents cannot provide the same value to clients than it does. Already, RIC SA has developed core capabilities in:
  1. CONTROL: To ensure proper control, we supervise our staff, guide them and evaluate their work. We secure and manage our systems to support control.
  2. CREDIBILITY: We have proven to be a trust to be trusted and reliable financial Institution, and continue to do so.
  3. CUSTOMER IS KING: We approach all our customers with respect and friendliness. We give them the best and fastest possible services.
  4. EDUCATION & TRAINING: We acknowledge the need for education and training to improve our skills and to be updated with new technology and innovation. We support our staff in their professional development.
  5. MOTIVATION: We encourage our staff with appreciation in kind and cash.
  6. TEAM WORK: As a company we work together to achieve our vision, through equal opportunities, trust, and motivation. The company plans to develop on these capabilities through promotion initiatives that improve the variety of products provided as well as sales channels. By forming powerful connections with clients and partners and other products or services, RIC SA considers it can make maintainable aggressive benefits over its rivals. No other MFI can say to its clients with as much conviction, that we are “A TRUST TO BE TRUSTED”!


Rural Investment Credit (RIC) SA has adopted this Vision and Mission to become the financial pillar of economic empowerment of its clients, shareholders and others fostering sustainable rapid development and integration. It is firmly moving forward to effectively achieve these goals and objectives. As a national institution, it has been able to built-up an efficient organizational structure and sound internal regulatory framework to improve its development effectiveness, governance and management style. Protection of the Institution’s accountability and financial stability continues to be a central component of its corporate governance framework. In this respect, transparency and adherence to sound banking principles have always been placed at the core of its operations. The key policies, rules and regulations that have been adopted in this respect are all aligned with the best practices of other peer institutions. The Institution has a sound corporate governance structure managed through well-defined responsibilities apportioned to the Board of Directors and Management Committee. Moreover, the essential committees (e.g. Audit and Control (Compliance) Committee, Credit Committee, Administrative and Human Resource Committee, etc) are fully functional and dedicated to fulfilling respective responsibilities for sustainable development of the operations. Despite numerous challenges in the operating environment, within the past TWENTY years the Institution achieved considerable milestones. It has been pursuing an ambitious agenda but also realistic enough in order to be credible and effective. In line with strategic objectives set out in its establishment agreement, achievements continue to manifest itself in the growth and financial performance of the Institution. With its deep understanding of local needs, the Institution has the capacity to implement well-targeted, practical, substantive operations. It has been receiving overwhelming support from its shareholders and business partners. The Institution provides a range of medium-to-long term products and services to the public and private entities for enhancing trade, development of SMEs, meeting the financing and technical assistance needs of corporate Banking and projects in the branches. To this end, the Branch offices of the Institution are playing an effective role in identifying, coordinating and monitoring the operations. Through co-financing arrangements concluded with MINADER/WORLD Bank Projects (PADMIR, PEA-JEUNE, PMEAA, PRODEL, PIDMA) relevant Multilateral Development Projects (MDP) and bilateral financial institutions, the Institution will be able to mobilize additional resources to prospective projects in the Country. This will continue to be an area of emphasis for the Institution, as it seeks to broaden and institutionalize relationships with other partners. The Institution has the ability to add value and reduce risk in regard to investments designed to foster economic growth in the regions of Cameroon. On the other hand, through targeted credit lines extended to local private, public and Para-public companies, the Institution is providing support to the development of SMEs, micro-enterprises and trade finance operations in the Country. The main target of the operations has always been to support companies that are dynamic, expanding operations, transfer technology and know-how, generate high levels of value added and create employment.