By Bakah Derick
Blogger@hilltopvoices
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| PADMIR workshop participant on Break |
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| PADMIR workshop participants in session |
The Support Project for the Development of Rural Microfinance
(PADMIR) Monday 30th March, 2015 announced the extension of its services
to the Northwest Region. According to the facilitation Fund manager
Piere Martin, the Region is entitled to two billion (FCFA 2bn) from
PADMIR's partners that is, the government of Cameroon and the
International Fund for Agriculture Development IFAD. The project has as
Objectives improving the environment of microfinance to better take into
account the issues of rural finance by stakeholders and increasing
access of rural population to financial services to meet their needs in a
sustainable manner and at an affordable cost.
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| PADMIR and CamCCUL officials |
Thomas Nkouenkeu
the Project coordinator like Mussa Shey Nfor president of CamCCUL one
of the actual partners told hilltopvoices that Credit Unions within the
Cameroon Cooperative Credit Union League will be used for the project
implementation for reasons of transparency, credibility and competence.
Mussa Shey Nfor also added that normally Credit Unions give short term
loans but the PADMIR funds will allow Credit Unions to give medium term
loans for up to five years.
This information was disclosed
during a one day workshop held in Bamenda attended by authorities of
Credit Unions in the Northwest Region.
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| CamCCUL President MUssa Shey Nfor Addressing workshop |
