Cameroon Steemit Njangi and Shares Program Report

Two months ago, we started the Cameroon Steemit Njangi, a socio-economic activity aimed at fostering social cohesion among Cameroonian Steemians, economically empowering her members and also enabling them to start contributing their shares for the 100K SP Shares Program.
The Njangi comprises of 25 members who own a total of 56 shares as can be seen on the spreadsheet: https://docs.google.com/spreadsheets/d/1j_4l2vDPy1a6Tkgqs_gTKHTyxtPz_WhbPv_Gt5mGcSw/edit?usp=sharing

Below is a list of the Njangi Members and their total number of shares for the 100K SP Shares Program

SN	Name	Number of Shares
1	@lukong	1
2	@thegreens	10
3	@mr-greens	5
4	@verlonji	1
5	@peacemakers	4
6	@mbozekobrice	1
7	@wirngo	1
8	@chiabertrand	1
9	@chant	5
10	@nafisatu	1
11	@rexiano	1
12	@fombae	6
13	@rapharchick	1
14	@majerius	1
15	@saxopedia	5
16	@craxywriter	3
17	@breeze.com	1
18	@tifuh	1
19	@tjeean	1
20	@metugejacy20	1
21	@nforyembe	1
22	@nickzy	1
23	@sofiasheen	1
24	@monjuapollonia	1
25	@ngongha	1
.	TOTAL	56

56 shares have so far been given out to 25 Cameroonian Steemians via the Cameroon Steemit Njangi. 46 more shares will be sold in the months ahead.

By May 2022, these 25 Shareholders are expected to have raised the SP of @steem-cameroon by 28K Steem and by May 2023, they are expected to have injected 56K SP into @steem-cameroon.

How the Cameroon Steemit Njangi works

Every week, Njangi members contribute 01 SBD per share and send to @steem-cameroon. This implies 56 SBD is contributed weekly.
50% of the weekly 56 SBD is then awarded to one Njangi member (Njangi Beneficiary) for their personal use and then 50% is used to pay their shares for the 100K SP Shares Program.
*In simple terms, the njangi program will run for 56 weeks during which all njangi members will contribute 1 SBD weekly making a total of 56 SBD of which 26 will be given back to them and 26 used to contribute for their shares.

This week is week 10 of the Cameroon Steemit Njangi and @fombae is the Njangi Beneficiary. @fombae will write a Njangi Beneficiary post and publish on his blog while all Njangi members will comment, upvote and resteem the Njangi Beneficiary Post. By doing this, we are promoting socialization and support among Njangi members.

At week 10, @Steem-cameroon has already raised 260 SBD and used to power-up the community account. The last account power-up was done a few days ago: https://steemit.com/hive-195150/@steem-cameroon/600-steem-powered-up-or-steem-cameroon-power-up-challenge-or-100k-sp-shares-program

NB:

• Shareholders will always receive annual rewards besides receiving their regular upvotes as Cameroonian steemians for publishing content in the Steem Cameroon Community
• The building of @steem-cameroon SP to 100K is to serve Cameroonian steemians of the Steem Cameroon community irrespective of whether they are part of the shares program or not.

Written for @steem-cameroon by @thegreens

CC:
@steemcurator01
@steemitblog
@saxopedia
@fombae