(Business in Cameroon) - The Guinean arm of Cameroonian credit institution Afriland First Bank signed April 16 in Conakry a partnership agreement with the UN Development Program (UNDP), we learnt.
The agreement is part of a project which aims to increase financing for vulnerable people. It will ease access to financing for youth, women, the disabled and other vulnerable people thanks to pulled efforts from the two sides. It also plans strengthened inclusive financing, innovative solutions to support and finance promising segments in key sectors such as agriculture, fishery, craft, development minerals and ICTs.
Further, the partnership sees, in the long run, the implementation of actions to reduce credit cost through the pooling of risks; capacity building for youth, women, the disabled and other vulnerable people, mainly through financial education which will provide them with capacities for better management of financing and income, to reduce credit risk.
Brice R. Mbodiam