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LTN Cameroon

LA TONTINIERE NATIONALE (LTN) Partner with I&P

LA TONTINIERE NATIONALE (LTN) Partner with I&P

Pays: Cameroun
Secteur d’activité: Microfinance
Statut: In progress
Fond associé: IPDEV1
Entrepreneur: Jean Zombo
Employés: 242
Participation I&P: 20%
En portefeuille depuis: 2005

LTN Cameroon is a microfinance institution specializing in financing very small businesses in urban areas, Douala, Yaoundé and Bafoussam.

The LTN project was to set up an efficient and cost-effective medium-term scheme for financing very small businesses in Cameroon and turn this into a private financial institution specializing in urban microfinance.

PARTNERSHIP WITH I&P

I & P is committed to LTN Cameroon:

• By setting up the transformation process of LTN Cameroon into a private financial institution

• Contributing to the development of the business plan and the constitution of the round table

• By ensuring regular operational monitoring

• By actively participating in governance bodies (audit committee and board of directors)

KEY IMPACTS

• Number of jobs created: 166

• Since 2005, LTN has awarded more than 45,000 loans to very small entrepreneurs (donut sellers, shoemakers, bayamselam)

• Average annual revenue growth since 2007: + 32%

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