CHAPTER ONE

INTRODUCTION

1.1       What is Internship?

Internship is a program whereby, students of Universities and other Professional Institutions are allowed to take training in a company or any institution related to their area of study, for a specified period of time, so that they can become familiar with the working structure of the institution. Internship involves three parties; the student, the host organization and the university. The student gains practical experience, the host organization cheap labor and the university evaluates the student based on the host supervisor’s evaluation and the student’s report.

The student’s performance during this training is assessed and considered as a partial fulfillment of the requirements for an award in the degree in the field of study. The training lasted for one month, that is, from 4th of July to 4th of August 2023.

1.2. Objectives of Internship.

1.2.1 Main Objectives;

The main objective of this internship is to gain practical experience in the field of study. This is to say that we are given the opportunity to better understand what was taught in the various courses related to functions of the Institution.

1.2.2 Specific objectives

• Specifically, it helps us to know how Micro Finance Institution functions, helps us to compare what was taught in class with that of the field and also compare oneself to future job market. To improve skills that will help people in the future to find jobs.
• To enhance students’ skills and knowledge of a field of study. To expose students to professional role model or mentors who will provide the student with knowledge and behaviors that are expected in a work place.

1.3.  Importance or significance of an Internship.

An internship is a very important exercise as it enables the intern to;

• Gain relevant working experience and gain marketability. Having an internship gives you experience over other candidates when applying for jobs, it also prepares them for what to expect in the field and increase confidence in their work.
• Get active coaching from a designed mentor. Since in the field you required to work with various staff. Some of them to coach you and stand as mentors to you who you will always want to be like.
• Have regular performance evaluation. It is important in that it can help a student obtain positive recommendation that can be used for future employers, collage admission and scholarship application.
• Improve his/her prospect’s full time.
• Develop new talent. It helps you learn all about work place culture, employee relationship, and leadership structure which should help them on board in their first professional experience.

THE EMPLOYER/ORGANISATION.

• Frees up professional staffs to pursue more creative projects.
• Brings new and innovative ideas to an employer.
• Presents an excellent way to find new, energetic, and skilled employees who brings latest industry knowledge fresh from lectures and other campus resources.
• Saves money since an intern receives little or no benefits than a full employee.
• Allows the employer the opportunity to have an impact on molding the lives of students.

TO THE UNIVERSITY.

• It provides learning experiences that are more valuable than case studies and lecture notes.
• It validates the university’s curriculum in a working environment.
• Improves post-graduation statistics for the university.
• Develops more competitive and employable graduates.

CHAPTER TWO

OVERVIEW OF THE ORGANIZATION

2.1 Brief History of the organization.

Kumba Town Cooperative Credit Union Limited (KUTCCUL) is a savings and loans cooperative Society created in 1968. In the late 1970s KUTCCUL and the Medical Civil Servants Cooperative Creative Union Ltd merged their activities but retained the name KUTCCUL.

It is affiliated to the Cameroon Credit Union League Limited (CAMCUL LTD) and duly registered under Ministerial and COBAC decisions No  D-2001/05 code No 19477 of 11th January 2001. KUTCCUL exercises savings and credit activities in accordance with the MICRO-FINANCE Laws and Regulations in Cameroon.

KUTCCUL is owned and controlled by its members or shareholders. KUTCCUL is managed by a Board of Directors elected from amongst its members by her General Assembly. The Head office of KUTCCUL is at Kumba, but there are other branches in NGUTI, YAOUNDE, BUEA AND DOUALA. We also have collecting centers in KONYE, MATOH and MBALANGI.

Anybody is qualified to join KUTCCUL provided he/she fulfills the condition of membership.

2.2 Goals/objectives of the organization.

The credit union shall not be for profit making. In addition to statutory provisions, its objectives shall be:

• To encourage its members to make regular savings by providing them with the possibilities of investing their money.
• To provide members with loans for purposes of providence or production or both.
• To foster the economic and social interest of its members.
• To ensure the progress of its members by educating them continuously on the proper use of money
• To offer to the members, complementary savings, such as risk management, checking system, education and training, money transfer, salary payments and any other services that do not conflict with the objectives of this credit union.
• To provide other credit union services, such as risk management, checking system, education and training, money transfer, salary payments and any other services that do not conflict with the objectives of this credit union.

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