La Camerounaise de Microfinance (LCM)

completed

_x000C_The project consists of a senior loan (in local currency, if feasible), an equity investment and a technical assistance grant to La Camerounaise de Microfinance also known as Advans Cameroun. Advans Cameroun (Advans Cameroun or the company) will be a greenfield microfinance institution (MFI) sponsored by Horus Developpement Finance, a French consulting firm with recognized expertise in microfinance, and La Fayette Investissement (LFI), its associated investment company. The company will specialize in providing financial services to urban and semi-urban micro and small enterprises as well as low income groups and individuals in Cameroon. It is expected that after five years, the company will have ten branches, a portfolio comprising approx. 14,000 customers, and an outstanding loan portfolio of $15 million. The purpose of the project is to expand crucial financial services to a sector that rarely has access to services offered by formal financial institutions.