(Business in Cameroon) – The microfinance company LA TONTINIERE NATIONALE (LTN), which specializes in financing very small businesses, closed its “ secondary cities ” project in December 2016 with a the volume of financing for rural entrepreneurs is estimated at 8.5 billion CFA francs, or 10% of the total outstanding loans of this financial institution, we learn officially. Of this total budget, says LTN Cameroon, 2.5 billion CFA francs went to farmers.

The “ secondary cities ” project, launched in 2012 with financial support from the French Development Agency (AFD), extended the activities of this microfinance organization rural areas of Cameroon. Delivered at the end of the pilot phase of this project, more than 8,000 entrepreneurs received financial support from LA TONTINIERE NATIONALE (LTN), including more than 2,500 farmers.

This project, which is now to sustain this microfinance structure, in light of the positive results obtained under the pilot phase, has also enabled rural entrepreneurs to generate an outstanding amount of deposits at the end of 2016. 437 millions of CFA francs, thanks to the “ culture of savings driven ” by the aforementioned project.

Born from the ashes of a Cameroonian government project implemented by the then Ministry of Industrial and Commercial Development, with the assistance of Afd and the European Union; LTN Cameroon’s main shareholders are LTN International, the National Investment Company (SNI), the International Bank of Cameroon for Savings and Credit (Bicec), the Chamber of Commerce for Industry, Mines and Energy. (CCIMA) and Investors and Partners (I & P).

BRM