The European Union (EU) and Cameroon have unveiled a groundbreaking financial initiative to enhance access to credit for small and medium-sized enterprises (SMEs) in the country. Launched on July 15, 2026, the scheme forms part of the Economic Development Support Project through Value Chain Promotion and Private Sector Initiative (PAD-CV).
At the heart of this initiative is a financial facility totaling 6 billion FCFA, designed to act as a guarantee for local banks issuing loans to entrepreneurs. This guarantee mechanism is expected to unlock up to 30 billion FCFA in credit for eligible businesses. An additional 9.8 billion FCFA has been allocated to provide technical support, ensuring projects meet the stringent requirements of financial institutions.
Entrepreneurs aiming to benefit from this program must submit their proposals through an open call for projects, which opened on the same day. The submission window remains open for three months. Successful applicants will undergo a thorough evaluation, followed by tailored technical assistance to refine their business plans. This hands-on support is crucial in transforming ideas into bankable proposals that align with lender expectations.
The initiative targets a broad spectrum of businesses, including micro-enterprises, SMEs, startups, cooperatives, common initiative groups (GICs), producer organizations, and digital-focused clusters and incubators. A strong emphasis is placed on empowering women and youth-led enterprises, ensuring inclusive economic growth across the sector.