76 billion available for SME financing in Cameroon.

According to reliable information, “projects for 76 billion CFA francs are pending funding”.

The same sources contend that interested business promoters can assemble the related files and deposit them in the places indicated.

Indeed, “the structure houses in its two agencies in Douala and Yaounde bankable projects at an estimated cost of 76 billion CFA francs and just waiting to be financed.”

For BCPME officials, the statement of Cameroonian President Paul Biya during his New Year message to the Nation on December 31, announcing that access to bank credit will be facilitated to SMEs, sounds “not as a hope, but as a certainty that the public authorities will put at our disposal the means to support SMEs in this direction “.

SMEs, which account for nearly 90% of Cameroon’s economic fabric, face enormous difficulties in accessing financing, because of the “reluctance” of banks who doubt their ability to repay loans contracted.

According to observers, with this line of credit open to the BCPME, SMEs that weigh nearly 35% of Gross Domestic Product (GDP) have the opportunity to densify and expand their activities.

Advertisements

Leave a Reply