49,2 M€
Wallet
14 431
Number of beneficiaries
35 %
Women beneficiaries
26 %
Rural beneficiaries
Cameroon
Financial services
Funding granted
Loan of €2.0M*
(local currency equivalent)
Partner of the Foundation
since 2017
*Outstanding at grant value
Context :
Cameroon's economy is the most diversified in Central Africa, thanks not only to numerous foreign establishments but also to numerous national groups. Agriculture can be considered the pillar of the economy, employing 70,000 people of the labor force.
The company:
The Credit Agency for Private Enterprises in Cameroon (ACEP Cameroun SA) is a microfinance institution created in 1999 and whose mission is to support the development of Very Small Enterprises (VSEs) in the country's urban centers.
Impact :
ACEP Cameroon fights poverty by extending financing to the most vulnerable segments of the population, as well as to public and private markets, civil servants and government employees, retirees, and private sector employees. The institution also ensures the security of the savings of economic agents.