The European Union and Cameroon have jointly unveiled a groundbreaking financial mechanism on July 15, 2026, designed to revolutionize credit access for local small and medium-sized enterprises (SMEs).
The initiative, embedded within the Economic Development Support Project through Value Chain Promotion and Private Initiative (PAD-CV), aims to mobilize nearly FCFA 30 billion in bank loans through a financial facility worth approximately FCFA 6 billion. Backed by a total budget of FCFA 9.8 billion, this program will not directly distribute funds to businesses. Instead, the FCFA 6 billion guarantee will serve as collateral for banks issuing loans to project holders, while the remaining funds will finance technical support services.
A three-month call for projects opened on July 15 via the platform www.padcv-cm.net, targeting a specific audience. Shortlisted applicants will undergo rigorous financial diagnostics and receive tailored technical assistance to refine their business models into bankable proposals. The ultimate goal is to equip enterprises with robust financial documentation that meets strict banking requirements.
Eligible applicants include micro-enterprises, SMEs, startups, cooperatives, women-led businesses, youth initiatives, producer organizations, and digital-focused clusters and incubators. Women and young entrepreneurs will receive priority consideration throughout the selection process.
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