Pixabay Image edited by @thegreens
The Greens’ Steem Bank (@thegreensbank) was created to ease Cameroonian steemians' Steem to BTC to CFAF (Local currency) transactions as well as reduce the cost of the withdrawals by 20 -75%.
It costs 0.0005BTC to withdraw Steem via @poloniex but with @thegreens Steem Bank, Cameroonian Steemians can now get instant cash payments in CFAF via MTN Momo for their Steem/SBD at a reduced cost i.e. 20 - 75% of 0.0005BTC.

0.0005BTC currently range between $26 - $32 and USD value increases with the increase in the price of BTC and vice versa
The principal objectives of the bank are;

1. To ease Steem/SBD - CFAF transactions for Cameroonian Steemians
2. To reduce the Steem/SBD withdrawal cost for Cameroonian Steemians
3. To minimize the losses incurred during Steem/SBD withdrawal transactions e.g. A lot of people have made mistakes and sent SBD to Poloniex or mistakes with BTC Wallets.
4. To reduce the time taken and worries associated with completing a Steem/SBD to CFAF transaction e.g. Sometimes it takes hours or days for a BTC confirmation to be complete or there may be network issues but with the bank, once Steem/SBD is deposited, the MTN Momo is credited.
5. To reduce or stop the power down of Cameroonian steemians’ Steemit accounts via the provision of very low interest Steem loans (10 -13% Interest rates). We believe, if we give Cameroonian steemians loans, they will reduce the rate at which they power down their accounts.
6. To give Steem trading and investment alerts/advice to Cameroonian steemians
7. To guide and provide Cameroonian steemians with information on how they can better invest in Steem

Bank Report 01 - 06 February

Steem Advice

Now is the best time to invest in Steem!

The prices of Steem/SBD have witnessed a tremendous drop during the week with Steem and SBD trending around $0.29 and $3 respectively making the period an excellent moment to acquire more Steem as you can read here: https://steemit.com/hive-195150/@thegreens/steem-advice-invest-in-steem-now-buy-and-hodl-steem-now

Bank Trading Deals

Due to the fluctuating value of Steem/SBD as well as due to Club5050, the bank handled just three trade deals with:

1. @nuahfabian
2. @burivennjah
3. @asangazinwi

Bank Loan Deals

The bank loan has a loan with @b-naj that is already delinquent and @majerius is now invited to pay the loan as you can read here:
https://steemit.com/loan/@thegreens/the-greens-steem-bank-loan-agreement-between-thegreens-and-b-naj

The bank is currently giving microloans to Cameroonian steemians as announced in this post: https://steemit.com/thegreenssteembank/@thegreens/the-greens-steem-bank-microloans-now-available

Bank Investments

Every week, @thegreens contributes 5.5SBD to @steem-cameroon for the Cameroon Steemit Njangi and 100K SP Shares Program. The bank wired 5.5 SBD to @steem-cameroon for week 35 of the Cameroon Steemit Njangi and 100K SP Shares program via which @thegreens now owns 8 Shares.

The Greens' Power-Ups

@thegreens did no power-ups during the week.

The Power Up Challenge Report from the premiere edition till date was published a few weeks ago

Pixabay Image edited by @thegreens

Ever since we launched, The Greens' Steem Bank has organized 20 Power Up Challenges with over 21,167.8202 Steem powered-up and +100 Steem given as power-up rewards to participants of the Power Up Challenge. The Challenge has recorded a total of 140 entries from over 50 Cameroonian Steemians as you can read here: https://steemit.com/hive-195150/@thegreens/the-power-up-challenge-report-may-december-2021-or-21-167-8202-steem-powered-up-and-100-steem-given-as-power-up-rewards

Bank Promotional Trade Deals

The bank now offers special withdrawal discounts for #Club5050 members as announced in this post: https://steemit.com/hive-195150/@thegreens/the-greens-steem-bank-pledges-to-award-special-withdrawal-charge-discounts-to-club5050-steemians

During, the week, the bank organized two promotional deals as you can read here:

1. We're buying at SBD at 2,300CFAF, Steem at 200CFAF and TRX at 40CFAF
2. We're buying at SBD at 2,100CFAF, Steem at 175CFAF and TRX at 40CFAF

Bank Reviews

Some of our clients have been nice to leave reviews in the Steem Cameroon WhatsApp Group. Below are some image reviews from some of our clients;

Review from @rosita-nkefor

The Greens' Steem Bank review from @chiabertrand

The Greens' Steem Bank service review from @rosita-nkefor

The Greens' Steem Bank service review from @majerius

Coming up!

The Greens' Steem Bank goes international in ....

The Greens' Steem Bank Profits

The Greens' Steem Bank weekly profits will be spent as follows;

• 30% of the profits will be sent to @thegreens for her #club5050 power up.
• 40% of the profits will be used to award @thegreens' contests prizes (Creative Writing, The Power Up Challenge and Green Deeds Contests)
• and 30% of the profits will be used for The Greens' Steem Bank services.

Now is the best time to invest in Steem!

CC:
@steem-cameroon
@majerius
@saxopedia
@fombae

The Greens is a grassroots environmental organization that strives to educate, inspire and engage young people to take action to combat climate change and be at the forefront of biodiversity conservation and waste management.