“Djangui”. This local appellation of tontines in Cameroon is also the baptismal name chosen by Jules Guilain Kenfack, computer and telecommunications engineer of Cameroonian nationality, to designate the application that he has just developed, and which makes it possible to manage tontines in line. Thanks to this application, explains its designer, friends scattered around the world can fulfill all the obligations related to a tontine.

Concretely, through “Djangui”, it is possible to securely pay your tontine rights via Paypal, Orange Money and MTN Mobile Money; chat with tontine members through an instant messaging service; make automatic sweepstakes; vote the members of the board and have minutes of previous meetings, borrow from the tontine account, write meeting reports which can also be done by video conference, etc.

According to Jules Guilain Kenfack, “Djangui”, which is in the development phase with a view to integrating several other functionalities, is available in French and in English. This application, says its designer, has already been successfully tested in Germany, by four tontines of Cameroonian nationals living in the West.

This technological innovation will revolutionize tontines, which are very present in African customs. Indeed, these friendly or family reunions in which members make different transactions (cash deposits, loans, school savings, etc.) have for years become real traditional financial institutions.

According to the Cameroon microfinance strategy document produced by the Ministry of Finance in April 2013, Cameroonian tontines brew a global envelope of around 190 billion CFA francs. This document also indicates that 58% of Cameroonians prefer tontines because investments are very remunerative and access to credit less restrictive than in banks and microfinance institutions.

Investiraucameroun.com

About The Author

CEO AfrikaTech

Comme beaucoup de personnes j’ai connu l’Afrique à travers des stéréotypes : l’Afrique est pauvre, il y a la guerre, famine… Je suis devenu entrepreneur pour briser ces clichés et participer à la construction du continent. J’ai lancé plusieurs entreprises dont Kareea (Formation et développement web), Tutorys (Plate-forme de e-learning), AfrikanFunding (Plate-forme de crowdfunding). Après un échec sur ma startup Tutorys, à cause d’une mauvaise exécution Business, un manque de réseau, pas de mentor, je suis parti 6 mois en immersion dans l’écosystème Tech au Sénégal. J’ai rencontré de nombreux entrepreneurs passionnés, talentueux et déterminés. A mon retour sur Paris je décide de raconter leur histoire en créant le média AfrikaTech. L'objectif est de soutenir les entrepreneurs qui se battent quotidiennement en Afrique en leur offrant la visibilité, les connaissances, le réseautage et les capitaux nécessaires pour réussir. L'Afrique de demain se construit aujourd'hui ensemble. Rejoignez-nous ! LinkedIn: https://www.linkedin.com/in/boubacardiallo

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